First SolarXSWX:FSLR -0.24%91 Quick Ratio is 2.00 as of Mar. 2026, which is 32% below its 10-year median of 2.92. 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 1,029 Semiconductors companies, First Solar ranks better than 53.16% on this metric.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. First Solar's quick ratio for the quarter that ended in Mar. 2026 was 2.00.
First Solar has a quick ratio of 2.00. It generally indicates good short-term financial strength.
The historical rank and industry rank for First Solar's Quick Ratio or its related term are showing as below:
XSWX:FSLR'
s Quick Ratio Range Over the Past 10 Years
Min: 1.27 Med: 2.92 Max: 6.44
Current: 2
During the past 13 years, First Solar's highest Quick Ratio was 6.44. The lowest was 1.27. And the median was 2.92.
XSWX:FSLR's Quick Ratio is ranked better than 53.16% of 1029
companies
in the Semiconductors industry
Industry Median: 1.85
vs XSWX:FSLR: 2.00
First Solar (XSWX:FSLR) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
First Solar Quick Ratio Related Terms
First Solar Quick Ratio Historical Data
* Premium members only.
The historical data trend for First Solar's Quick Ratio 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.
XSWX:FSLR vs NXT, ENPH, SEDG: Quick Ratio Comparison
For the Solar subindustry, First Solar's Quick Ratio, along with its competitors' market caps and Quick Ratio 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 Quick Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, First Solar's Quick Ratio distribution charts can be found below:
* The bar in red indicates where First Solar's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
First Solar's Quick Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Quick Ratio of 2.00 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on First Solar and its competitors. This is 32% below median its historical median of 2.92. Over the past decade, First Solar's Quick Ratio has ranged from 1.27 to 6.44. According to the industry distribution chart, First Solar ranks #482 out of 1029 companies in the Semiconductors industry, placing it in the top 46.8%.
Is First Solar's Quick Ratio too high?
First Solar's current Quick Ratio of 2.00 is 32% below median its 10-year median of 2.92. Over the past 10 years, this metric has ranged from a low of 1.27 to a high of 6.44. The Semiconductors industry median Quick Ratio is 1.85. First Solar's value of 2.00 is 8.1% above this industry median. Based on the distribution chart, First Solar ranks #482 out of 1029 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 Quick Ratio compare to NXT and ENPH?
According to the Semiconductors industry distribution chart, First Solar ranks #482 out of 1029 companies for Quick Ratio. This puts First Solar in the upper half of its industry. The industry median Quick Ratio is 1.85. First Solar's value of 2.00 is 8.1% above this benchmark. Historically, First Solar's own Quick Ratio has ranged from 1.27 to 6.44 over the past decade. While the company's 10-year median is 2.92 vs. the industry median of 1.85, 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 Quick Ratio for a Semiconductors company?
The median Quick Ratio among Semiconductors companies is 1.85, based on 1,029 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Solar's current Quick Ratio of 2.00 is 8.1% 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on First Solar and its competitors. For the Semiconductors industry, the median Quick Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Solar's current Quick Ratio is 2.00, which is 32% below median its own 10-year median of 2.92. 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 Quick Ratio of 2.00. 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 Quick Ratio is 2.00, which is 32% below median its 10-year median of 2.92 and 8.1% above the Semiconductors industry median of 1.85. 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 Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For First Solar (XSWX:FSLR), the current Quick Ratio is 2.00 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:
Quick Ratio: 2.00 (32% below median its 10-year median of 2.92)
GF Value™: CHF221.79 vs. price of CHF207.07 (6.6% below fair value)
Industry Position: 8.1% above the Semiconductors median (#482 of 1029)
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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