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FSLRFirst Solar, Inc.

Debt to Equity Ratio: 0.04

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

Is the debt to equity ratio high or low?

The debt to equity ratio of 0.04 is 43% below its 5-year average of 0.08, near the low end of its 5-year range (0.04–0.12).

As of Friday, June 26, 2026. 45.60% below its 12-month average of 0.08.

Current Ratio|Quick Ratio|ROE|All Metrics
Debt to Equity

FSLR Debt to Equity Ratio

0.04

Reported quarterly debt to equity ratio; no daily interpolation.

-46.77% 5Y
FSLR Debt to Equity Ratio

FSLR Average Debt to Equity Ratio Chart

FSLR Debt to Equity Ratio

FSLR Current vs Average Debt to Equity Ratio Chart

FSLR Debt to Equity Ratio Metrics

DEBT TO EQUITY RATIO

0.04

DEBT TO EQUITY RATIO AVG TTM

0.08

DEBT TO EQUITY RATIO AVG 3Y

0.09

DEBT TO EQUITY RATIO AVG 5Y

0.08

DEBT TO EQUITY RATIO AVG 10Y

0.08

DEBT TO EQUITY RATIO AVG 15Y

0.08

DEBT TO EQUITY RATIO AVG 20Y

0.08

CURRENT VS TTM AVG

-45.60%

CURRENT VS 3Y AVG

-50.13%

CURRENT VS 5Y AVG

-43.20%

CURRENT VS 10Y AVG

-47.68%

CURRENT VS 15Y AVG

-47.95%

CURRENT VS 20Y AVG

-49.20%

FSLR Competitors' Debt to Equity Ratio

NAMEMARKET CAPDEBT TO EQUITY RATIOTTM3Y5Y
First Solar, Inc. (FSLR)$26.72B0.040.080.090.08
Coterra Energy Inc. (CTRA)vs ›$24.72B0.270.280.240.30
Halliburton Company (HAL)vs ›$28.76B0.780.800.921.23
Tenaris S.A. (TS)vs ›$30.69B0.030.040.030.04
Expand Energy Corporation (EXE)vs ›$21.19B0.270.300.290.31
EQT Corporation (EQT)vs ›$32.31B0.330.390.420.47
APA Corporation (APA)vs ›$11.81B0.790.984.314.31
Antero Midstream Corporation (AM)vs ›$10.78B1.631.551.531.46
Cameco Corporation (CCJ)vs ›$45.11B0.150.170.200.20
Enphase Energy, Inc. (ENPH)vs ›$6.22B1.141.371.421.47

Financial Health

Debt/Equity

0.04

Current Ratio

2.67

Debt to Equity Ratio Formula & Definition

Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Debt to Equity Ratio FAQ

What is the debt to equity ratio for First Solar, Inc. (FSLR)?
The debt to equity ratio for FSLR stock is 0.04.
Is First Solar, Inc.'s debt to equity ratio high or low?
The debt to equity ratio of 0.04 is 43% below its 5-year average of 0.08, near the low end of its 5-year range (0.04–0.12).
What is the TTM average debt to equity ratio for First Solar, Inc. (FSLR)?
The TTM average debt to equity ratio for FSLR stock is 0.08.
What is the 3Y average debt to equity ratio for First Solar, Inc. (FSLR)?
The 3Y average debt to equity ratio for FSLR stock is 0.09.
What is the 5Y average debt to equity ratio for First Solar, Inc. (FSLR)?
The 5Y average debt to equity ratio for FSLR stock is 0.08.
What is the 10Y average debt to equity ratio for First Solar, Inc. (FSLR)?
The 10Y average debt to equity ratio for FSLR stock is 0.08.
What is the 15Y average debt to equity ratio for First Solar, Inc. (FSLR)?
The 15Y average debt to equity ratio for FSLR stock is 0.08.
What is the 20Y average debt to equity ratio for First Solar, Inc. (FSLR)?
The 20Y average debt to equity ratio for FSLR stock is 0.08.

FSLR Debt to Equity Ratio History

DATEDEBT TO EQUITY RATIO
2026-03-310.04
2025-12-310.05
2025-09-300.10
2025-06-300.12
2025-03-310.08
2024-12-310.09
2024-09-300.09
2024-06-300.09
2024-03-310.10
2023-12-310.09
2023-09-300.09
2023-06-300.08
2023-03-310.06
2022-12-310.04
2022-09-300.05
2022-06-300.04
2022-03-310.07
2021-12-310.07
2021-09-300.08
2021-06-300.08
2021-03-310.08
2020-12-310.09
2020-09-300.09
2020-06-300.13
2020-03-310.12
2019-12-310.12
2019-09-300.12
2019-06-300.12
2019-03-310.14
2018-12-310.09
2018-09-300.09
2018-06-300.09
2018-03-310.08
2017-12-310.09
2017-09-300.08
2017-06-300.07
2017-03-310.07
2016-12-310.04
2016-09-300.13
2016-06-300.04
2016-03-310.05
2015-12-310.05
2015-09-300.05
2015-06-300.06
2015-03-310.05
2014-12-310.04
2014-09-300.05
2014-06-300.04
2014-03-310.04
2013-12-310.05
2013-09-300.05
2013-06-300.06
2013-03-310.15
2012-12-310.16
2012-09-300.15
2012-06-300.15
2012-03-310.27
2011-12-310.18
2011-09-300.15
2011-06-300.10
2011-03-310.04
2010-12-310.07
2010-09-250.08
2010-06-260.05
2010-03-270.06
2009-12-310.07
2009-09-300.08
2009-07-310.10
2009-03-310.13
2008-12-310.13
2008-09-270.12
2008-06-280.11
2008-03-290.08
2007-12-310.10
2007-09-290.11
2007-06-300.25
2007-03-310.25
2006-12-310.20
2006-09-300.59
2006-06-300.00
2006-03-310.00
2005-12-313.71
2005-09-300.00
2005-06-300.00
2005-03-310.00
2004-12-310.61
2004-09-300.00
2004-06-300.00
2004-03-310.00

Related Metrics

Current RatioQuick RatioROEAll 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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