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FSLRFirst Solar, Inc.

Debt to Assets Ratio: 3.19%

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Is the debt to assets ratio high or low?

The debt to assets ratio of 3.19% is 41% below its 5-year average of 5.36%, near the low end of its 5-year range (2.84%–8.30%).

As of Saturday, June 27, 2026. 41.07% below its 12-month average of 5.41%.

Debt/Equity|Total Debt|Total Assets|Interest Coverage|All Metrics
Debt to Assets

FSLR Debt to Assets Ratio

3.19%

Reported quarterly debt to assets ratio; no daily interpolation.

-50.64% 5Y
FSLR Debt to Assets Ratio

FSLR Average Debt to Assets Ratio Chart

FSLR Debt to Assets Ratio

FSLR Current vs Average Debt to Assets Ratio Chart

FSLR Debt to Assets Ratio Metrics

DEBT TO ASSETS RATIO

3.19%

DEBT TO ASSETS RATIO AVG TTM

5.41%

DEBT TO ASSETS RATIO AVG 3Y

5.72%

DEBT TO ASSETS RATIO AVG 5Y

5.36%

DEBT TO ASSETS RATIO AVG 10Y

5.93%

DEBT TO ASSETS RATIO AVG 15Y

5.94%

DEBT TO ASSETS RATIO AVG 20Y

6.49%

CURRENT VS TTM AVG

-41.07%

CURRENT VS 3Y AVG

-44.22%

CURRENT VS 5Y AVG

-40.53%

CURRENT VS 10Y AVG

-46.27%

CURRENT VS 15Y AVG

-46.34%

CURRENT VS 20Y AVG

-50.84%

FSLR Competitors' Debt to Assets Ratio

NAMEMARKET CAPDEBT TO ASSETS RATIOTTM3Y5Y
First Solar, Inc. (FSLR)$25.69B3.19%5.41%5.72%5.36%
Coterra Energy Inc. (CTRA)vs ›$24.72B0.16%N/AN/AN/A
Texas Pacific Land Corporation (TPL)vs ›$27.30B0.02%N/AN/AN/A
Halliburton Company (HAL)vs ›$28.58B0.33%N/AN/AN/A
Tenaris S.A. (TS)vs ›$30.06B0.02%N/AN/AN/A
Expand Energy Corporation (EXE)vs ›$21.16B0.18%N/AN/AN/A
EQT Corporation (EQT)vs ›$32.96B0.19%N/AN/AN/A
APA Corporation (APA)vs ›$11.67B0.25%N/AN/AN/A
Antero Midstream Corporation (AM)vs ›$11.01B0.55%N/AN/AN/A
Enphase Energy, Inc. (ENPH)vs ›$6.27B0.35%N/AN/AN/A

Leverage Ratios Comparison

Debt/Assets

3.2%

Debt/Equity

0.05

Current Ratio

2.67

Interest Coverage

38.1x

Formula: Debt/Assets = Total Debt / Total Assets × 100

Debt/Assets vs Debt/Equity:

  • Debt/Assets: Shows % of assets funded by creditors (bounded 0-100%)
  • Debt/Equity: Shows debt relative to shareholder investment (can exceed 100%)
  • Both measure leverage but from different perspectives

Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.

Debt to Assets Ratio Formula & Definition

Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Debt to Assets Ratio FAQ

What is the debt to assets ratio for First Solar, Inc. (FSLR)?
The debt to assets ratio for FSLR stock is 3.19%.
Is First Solar, Inc.'s debt to assets ratio high or low?
The debt to assets ratio of 3.19% is 41% below its 5-year average of 5.36%, near the low end of its 5-year range (2.84%–8.30%).
What is the TTM average debt to assets ratio for First Solar, Inc. (FSLR)?
The TTM average debt to assets ratio for FSLR stock is 5.41%.
What is the 3Y average debt to assets ratio for First Solar, Inc. (FSLR)?
The 3Y average debt to assets ratio for FSLR stock is 5.72%.
What is the 5Y average debt to assets ratio for First Solar, Inc. (FSLR)?
The 5Y average debt to assets ratio for FSLR stock is 5.36%.
What is the 10Y average debt to assets ratio for First Solar, Inc. (FSLR)?
The 10Y average debt to assets ratio for FSLR stock is 5.93%.
What is the 15Y average debt to assets ratio for First Solar, Inc. (FSLR)?
The 15Y average debt to assets ratio for FSLR stock is 5.94%.
What is the 20Y average debt to assets ratio for First Solar, Inc. (FSLR)?
The 20Y average debt to assets ratio for FSLR stock is 6.49%.

FSLR Debt to Assets Ratio History

DATEDEBT TO ASSETS RATIO
2026-03-313.19%
2025-12-313.74%
2025-09-306.63%
2025-06-308.30%
2025-03-315.20%
2024-12-315.93%
2024-09-306.07%
2024-06-305.65%
2024-03-316.33%
2023-12-316.02%
2023-09-305.67%
2023-06-305.37%
2023-03-314.30%
2022-12-312.84%
2022-09-304.18%
2022-06-303.13%
2022-03-315.43%
2021-12-315.38%
2021-09-306.41%
2021-06-306.46%
2021-03-316.38%
2020-12-316.78%
2020-09-306.59%
2020-06-309.56%
2020-03-318.77%
2019-12-317.92%
2019-09-308.98%
2019-06-308.75%
2019-03-319.87%
2018-12-316.55%
2018-09-306.57%
2018-06-306.49%
2018-03-316.40%
2017-12-316.37%
2017-09-305.86%
2017-06-305.85%
2017-03-315.26%
2016-12-313.13%
2016-09-309.73%
2016-06-303.09%
2016-03-313.95%
2015-12-313.96%
2015-09-304.04%
2015-06-304.40%
2015-03-313.63%
2014-12-313.17%
2014-09-303.39%
2014-06-302.94%
2014-03-313.12%
2013-12-313.24%
2013-09-303.34%
2013-06-303.72%
2013-03-318.93%
2012-12-318.86%
2012-09-308.86%
2012-06-309.46%
2012-03-3114.97%
2011-12-3111.49%
2011-09-3010.63%
2011-06-307.31%
2011-03-312.97%
2010-12-315.42%
2010-09-255.96%
2010-06-263.82%
2010-03-274.68%
2009-12-315.22%
2009-09-306.22%
2009-07-318.03%
2009-03-319.97%
2008-12-319.39%
2008-09-279.01%
2008-06-287.95%
2008-03-295.95%
2007-12-317.89%
2007-09-299.01%
2007-06-3016.90%
2007-03-3115.49%
2006-12-3113.95%
2006-09-3027.83%
2005-12-3147.82%
2004-12-3132.80%

Related Metrics

Debt/EquityTotal DebtTotal AssetsInterest CoverageAll Metrics

About First Solar, Inc.

First Solar, Inc. is a global provider of photovoltaic (PV) solar energy solutions, operating in numerous international markets including the United States, Japan, France, Canada, India, and Australia. The company's primary activity involves the engineering, manufacturing, and sale of cadmium telluride solar modules, which are designed to convert solar radiation directly into electricity. Its clientele is broad, serving system developers and operators, utility companies, independent power producers, commercial and industrial businesses, and various other system owners. Founded in 1999, the firm is based in Tempe, Arizona, and underwent a name change in 2006 from its former designation, First Solar Holdings, Inc.

Phoenix, AZ
8,100 employees
www.firstsolar.com
Energy / Solar
Sector
Energy
Industry
Solar
CEO
Mark R. Widmar
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