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FSLRFirst Solar, Inc.

Interest Coverage Ratio: 46.37x

popular:market cap|pe ratio|revenue|price history|total return

Is the interest coverage ratio high or low?

The interest coverage ratio of 46.37x is 22% above its 5-year average of 37.88x, around the middle of its 5-year range (-22.85x–119.09x).

As of Friday, June 26, 2026. 16.06% above its 12-month average of 39.96x.

Interest Expense|Total Debt|Debt/Equity|Operating Margin|All Metrics
Interest Coverage

FSLR Interest Coverage Ratio

46.37x

Reported quarterly interest coverage; no daily interpolation.

+94.22% 5Y
FSLR Interest Coverage Ratio

FSLR Average Interest Coverage Ratio Chart

FSLR Interest Coverage Ratio

FSLR Current vs Average Interest Coverage Ratio Chart

FSLR Interest Coverage Ratio Metrics

INTEREST COVERAGE RATIO

46.37x

INTEREST COVERAGE RATIO AVG TTM

39.96x

INTEREST COVERAGE RATIO AVG 3Y

38.40x

INTEREST COVERAGE RATIO AVG 5Y

43.17x

INTEREST COVERAGE RATIO AVG 10Y

20.64x

INTEREST COVERAGE RATIO AVG 15Y

27.58x

INTEREST COVERAGE RATIO AVG 20Y

N/A

CURRENT VS TTM AVG

+16.06%

CURRENT VS 3Y AVG

+20.77%

CURRENT VS 5Y AVG

+7.40%

CURRENT VS 10Y AVG

+124.62%

CURRENT VS 15Y AVG

+68.11%

CURRENT VS 20Y AVG

N/A

FSLR Competitors' Interest Coverage Ratio

NAMEMARKET CAPINTEREST COVERAGE RATIOTTM3Y5Y
First Solar, Inc. (FSLR)$26.72B46.37x39.96x38.40x43.17x
Coterra Energy Inc. (CTRA)vs ›$24.72B11.94x12.51x32.20x26.58x
Halliburton Company (HAL)vs ›$28.76B6.42x8.63x7.45x6.64x
Tenaris S.A. (TS)vs ›$30.69B48.87x44.20x48.32x44.63x
Expand Energy Corporation (EXE)vs ›$21.19B8.67x8.67x20.84x22.55x
EQT Corporation (EQT)vs ›$32.31B7.18x4.34x7.53x7.53x
APA Corporation (APA)vs ›$11.81B9.89x9.16x11.06x8.52x
Antero Midstream Corporation (AM)vs ›$10.78B3.39x3.29x3.06x3.08x
Cameco Corporation (CCJ)vs ›$45.11B7.80x6.20x4.09x4.09x
Enphase Energy, Inc. (ENPH)vs ›$6.22B36.42x22.55x35.76x26.11x

Financial Health Indicators

Interest Coverage

46.4x

Debt/Equity

0.05

Current Ratio

2.67

Formula: Interest Coverage = EBIT / Interest Expense

Reference ranges:

  • < 1.5x: EBIT is less than 1.5 times interest expense
  • 1.5x - 3x: EBIT is between 1.5 and 3 times interest expense
  • 3x - 5x: EBIT is between 3 and 5 times interest expense
  • > 5x: EBIT is more than 5 times interest expense

Note: Interest coverage should be compared with historical interest expense, operating income, and industry capital structure.

Interest Coverage Ratio Formula & Definition

Interest Coverage = EBIT / Interest Expense

The interest coverage ratio measures operating earnings relative to interest expense.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Interest Coverage Ratio FAQ

What is the interest coverage ratio for First Solar, Inc. (FSLR)?
The interest coverage ratio for FSLR stock is 46.37x.
Is First Solar, Inc.'s interest coverage ratio high or low?
The interest coverage ratio of 46.37x is 22% above its 5-year average of 37.88x, around the middle of its 5-year range (-22.85x–119.09x).
What is the TTM average interest coverage ratio for First Solar, Inc. (FSLR)?
The TTM average interest coverage ratio for FSLR stock is 39.96x.
What is the 3Y average interest coverage ratio for First Solar, Inc. (FSLR)?
The 3Y average interest coverage ratio for FSLR stock is 38.40x.
What is the 5Y average interest coverage ratio for First Solar, Inc. (FSLR)?
The 5Y average interest coverage ratio for FSLR stock is 43.17x.
What is the 10Y average interest coverage ratio for First Solar, Inc. (FSLR)?
The 10Y average interest coverage ratio for FSLR stock is 20.64x.
What is the 15Y average interest coverage ratio for First Solar, Inc. (FSLR)?
The 15Y average interest coverage ratio for FSLR stock is 27.58x.

FSLR Interest Coverage Ratio History

DATEINTEREST COVERAGE RATIO
2026-03-3146.37x
2025-12-3148.55x
2025-09-3035.61x
2025-06-3042.77x
2025-03-3126.48x
2024-12-3141.96x
2024-09-3035.75x
2024-06-3038.15x
2024-03-3126.40x
2023-12-3156.28x
2023-09-3073.10x
2023-06-30119.09x
2023-03-3124.07x
2022-12-31-14.65x
2022-09-30-22.85x
2022-06-3044.75x
2022-03-31-20.18x
2021-12-3168.44x
2021-09-3017.20x
2021-06-3023.88x
2021-03-3184.23x
2020-12-3119.14x
2020-09-3018.88x
2020-06-3015.64x
2020-03-310.24x
2019-12-31-38.67x
2019-09-308.30x
2019-06-30-0.96x
2019-03-31-7.57x
2018-12-310.96x
2018-09-3018.28x
2018-06-30-17.09x
2018-03-3114.33x
2017-12-31-5.77x
2017-09-3049.89x
2017-06-302.19x
2017-03-31-0.87x
2016-12-31-258.06x
2016-09-3013.18x
2016-06-30-0.03x
2016-03-3138.76x
2015-12-3182.61x
2015-09-30224.12x
2015-06-3069.17x
2015-03-31-361.41x
2014-12-31356.13x
2014-09-30942.42x
2014-06-302.05x
2014-03-31339.69x
2013-12-31-3887.50x
2013-09-30756.01x
2013-06-3044.68x
2013-03-3181.61x
2012-12-3163.85x
2012-09-3036.89x
2012-06-3018.94x
2012-03-31-495.96x
2011-12-31-4853.20x
2010-06-2630078.83x
2009-12-31355.59x
2009-09-301829.11x
2009-07-3153.32x
2009-03-31179.74x
2008-09-271024.82x

Related Metrics

Interest ExpenseTotal DebtDebt/EquityOperating MarginAll 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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