First Solar, Inc.

First Solar, Inc.verified

FSLR

Price:

$208.65

Market Cap:

$22.34B

First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. The company designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity. It serves developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona.[Read more]

Industry

Solar

IPO Date

2006-11-17

Stock Exchange

NASDAQ

Ticker

FSLR

The Current Ratio as of September 2024 (TTM) for First Solar, Inc. (FSLR) is 2.23

According to First Solar, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.23. This represents a change of -21.68% compared to the average of 2.84 of the last 4 quarters.

First Solar, Inc. (FSLR) Historical Current Ratio (quarterly & annually)

How has FSLR Current Ratio performed in the past?

The mean historical Current Ratio of First Solar, Inc. over the last ten years is 3.92. The current 2.23 Current Ratio has changed 5.58% with respect to the historical average. Over the past ten years (40 quarters), FSLR's Current Ratio was at its highest in in the September 2017 quarter at 6.85. The Current Ratio was at its lowest in in the June 2024 quarter at 2.23.

Quarterly (TTM)
Annual

Average

3.92

Median

3.60

Minimum

2.73

Maximum

5.89

First Solar, Inc. (FSLR) Current Ratio by Quarter and Year

Discovering the peaks and valleys of First Solar, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 40.04%

Maximum Annual Current Ratio = 5.89

Minimum Annual Increase = -40.18%

Minimum Annual Current Ratio = 2.73

Quarterly (TTM)
Annual
YearCurrent RatioChange
20233.55-2.85%
20223.65-16.81%
20214.3923.41%
20203.5630.27%
20192.73-40.18%
20184.57-22.55%
20175.8940.04%
20164.2120.87%
20153.489.26%
20143.1933.44%

First Solar, Inc. (FSLR) Average Current Ratio

How has FSLR Current Ratio performed in the past?

The current Current Ratio of First Solar, Inc. (FSLR) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

3.86

5-year avg

3.58

10-year avg

3.92

First Solar, Inc. (FSLR) Current Ratio vs. Peers

How is FSLR’s Current Ratio compared to its peers?

First Solar, Inc.’s Current Ratio is less than Enphase Energy, Inc. (4.23), greater than Sunrun Inc. (1.66), greater than Canadian Solar Inc. (0.94), greater than SunPower Corporation (0.94), less than SolarEdge Technologies, Inc. (5.10), greater than JinkoSolar Holding Co., Ltd. (1.08), greater than Sunnova Energy International Inc. (0.97), greater than Maxeon Solar Technologies, Ltd. (1.36),

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