First SolarXSWX:FSLR -0.24%91 Interest Coverage is 45.35 as of Mar. 2026, which is 237% above its 10-year median of 13.46. GuruFocus rates XSWX:FSLR with a GF Score™ of 91/100 and a GF Value™ of CHF221.79. The stock has 4 warning signs investors should review. Among 638 Semiconductors companies, First Solar ranks better than 59.87% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. First Solar's
Operating Income
for the
three
months ended in Mar. 2026 was CHF272 Mil. First Solar's Interest Expense for the
three
months ended in Mar. 2026 was CHF-6 Mil.
First Solar's interest coverage for the quarter that ended in Mar. 2026 was 45.35.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for First Solar's Interest Coverage or its related term are showing as below:
XSWX:FSLR'
s Interest Coverage Range Over the Past 10 Years
Min: 1.55 Med: 13.46 Max: 68.34
Current: 40.76
XSWX:FSLR's Interest Coverage is ranked better than 59.87% of 638
companies
in the Semiconductors industry
Industry Median: 20.225
vs XSWX:FSLR: 40.76
First Solar (XSWX:FSLR) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
First Solar Interest Coverage Related Terms
First Solar Interest Coverage Historical Data
* Premium members only.
The historical data trend for First Solar's Interest Coverage can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
XSWX:FSLR vs NXT, ENPH, SEDG: Interest Coverage Comparison
For the Solar subindustry, First Solar's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
First Solar Interest Coverage vs Semiconductors Industry
For the Semiconductors industry and Technology sector, First Solar's Interest Coverage distribution charts can be found below:
* The bar in red indicates where First Solar's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
First Solar (XSWX:FSLR) has a Interest Coverage of 45.35 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on First Solar and its competitors. This is 237% above median its historical median of 13.46. Over the past decade, First Solar's Interest Coverage has ranged from 1.55 to 68.34. According to the industry distribution chart, First Solar ranks #256 out of 638 companies in the Semiconductors industry, placing it in the top 40.1%.
Is First Solar's Interest Coverage too high?
First Solar's current Interest Coverage of 45.35 is 237% above median its 10-year median of 13.46. Over the past 10 years, this metric has ranged from a low of 1.55 to a high of 68.34. The Semiconductors industry median Interest Coverage is 20.23. First Solar's value of 45.35 is 124.2% above this industry median. Based on the distribution chart, First Solar ranks #256 out of 638 companies in the Semiconductors industry, which is above the industry midpoint. Overall, First Solar has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does First Solar's Interest Coverage compare to NXT and ENPH?
According to the Semiconductors industry distribution chart, First Solar ranks #256 out of 638 companies for Interest Coverage. This puts First Solar in the upper half of its industry. The industry median Interest Coverage is 20.23. First Solar's value of 45.35 is 124.2% above this benchmark. Historically, First Solar's own Interest Coverage has ranged from 1.55 to 68.34 over the past decade. While the company's 10-year median is 13.46 vs. the industry median of 20.23, First Solar has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Semiconductors company?
The median Interest Coverage among Semiconductors companies is 20.23, based on 638 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Solar's current Interest Coverage of 45.35 is 124.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on First Solar and its competitors. For the Semiconductors industry, the median Interest Coverage is 20.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Solar's current Interest Coverage is 45.35, which is 237% above median its own 10-year median of 13.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Solar stock overvalued right now?
First Solar (XSWX:FSLR) has a current Interest Coverage of 45.35. The stock's GF Value™ is CHF221.79, compared to a current price of CHF207.07 — trading 6.6% below its estimated fair value. The current Interest Coverage is 45.35, which is 237% above median its 10-year median of 13.46 and 124.2% above the Semiconductors industry median of 20.23. First Solar's overall GF Score™ is 91/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For First Solar (XSWX:FSLR), the current Interest Coverage is 45.35 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is First Solar (XSWX:FSLR) Overvalued in 2026?
Based on GuruFocus' analysis, First Solar stock appears to be undervalued.
The current stock price of CHF207.07 is trading 6.6% below its estimated GF Value™ of CHF221.79.
Key valuation signals for XSWX:FSLR:
Interest Coverage: 45.35 (237% above median its 10-year median of 13.46)
GF Value™: CHF221.79 vs. price of CHF207.07 (6.6% below fair value)
Industry Position: 124.2% above the Semiconductors median (#256 of 638)
No single metric tells the full story. See the XSWX:FSLR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.
91GF Score
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