First Solar debt and dilution100

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$37.635M

Cash & equivalents

USD millions

$1,688.279M

Net debt

USD millions

$-1,650.644M

Debt / equity

0×

Debt / assets

0.28%

Net debt / EBITDA

× · TTM

-0.69×

Debt / FCF

× · TTM

0.03×

Interest coverage

× · TTM

46.88×

Current ratio

2.52×

Diluted shares

Million shares

107.73M shares

Basic shares

Million shares

107.46M shares

Share count growth

0.2%

Share repurchases

USD millions

—

The reported inputs required for this metric are unavailable in the extracted statements for this period.

Quarterly data

First Solar capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q2	Jun 30, 2026	37.64	1,688.28	-1,650.64	0×	0.28%	-0.69×	0.03×	46.88×	2.52×	107.73	107.46	0.2%	—
FY 2026 Q1	Mar 31, 2026	425.78	2,362.98	-1,937.2	0.04×	3.19%	-0.85×	0.26×	40.76×	2.56×	107.62	107.36	0.22%	—
FY 2025 Q4	Dec 31, 2025	498.57	2,803.51	-2,304.94	0.05×	3.74%	-1.08×	0.42×	36.18×	2.67×	107.67	107.31	0.27%	—
FY 2025 Q3	Sep 30, 2025	554.96	1,992.17	-1,437.21	0.06×	4.12%	-0.71×	0.9×	34.44×	1.91×	107.54	107.26	0.2%	—
FY 2025 Q2	Jun 30, 2025	577.87	1,124.74	-546.87	0.07×	4.49%	-0.3×	—	35.27×	1.9×	107.52	107.25	0.19%	—
FY 2025 Q1	Mar 31, 2025	525.14	837.64	-312.5	0.06×	4.33%	-0.17×	—	35.03×	1.93×	107.42	107.12	0.2%	—
FY 2024 Q4	Dec 31, 2024	609.78	1,621.38	-1,011.6	0.08×	5.03%	-0.56×	—	35.87×	2.45×	107.56	107.02	0.21%	—
FY 2024 Q3	Sep 30, 2024	581.58	1,005.13	-423.55	0.08×	5.09%	-0.25×	—	38.1×	2.14×	107.56	107.05	0.2%	—
FY 2024 Q2	Jun 30, 2024	558.9	1,702.91	-1,144.01	0.08×	5.07%	-0.7×	—	43.2×	2.23×	107.53	107.04	0.2%	—
FY 2024 Q1	Mar 31, 2024	619.6	1,682.08	-1,062.48	0.09×	5.76%	-0.75×	—	50.52×	2.41×	107.41	106.91	0.22%	—
FY 2023 Q4	Dec 31, 2023	560.31	1,946.99	-1,386.69	0.08×	5.41%	-1.19×	—	66.12×	3.55×	107.51	106.8	0.18%	—
FY 2023 Q3	Sep 30, 2023	499.45	1,492.96	-993.51	0.08×	5.21%	-1.41×	—	45.8×	3.19×	107.5	106.83	0.22%	—
FY 2023 Q2	Jun 30, 2023	438	829.91	-391.91	0.07×	4.87%	-1.12×	—	8.72×	3.36×	107.28	106.83	0.23%	—
FY 2023 Q1	Mar 31, 2023	321	906.63	-585.63	0.05×	3.75%	-1.82×	—	4.81×	3.08×	107.15	106.68	0.25%	—
FY 2022 Q4	Dec 31, 2022	184.35	1,481.27	-1,296.92	0.03×	2.23%	-5.35×	—	-2.23×	3.65×	106.61	106.61	0.26%	—
FY 2022 Q3	Sep 30, 2022	259.66	1,150.98	-891.32	0.04×	3.47%	-1.95×	—	16.51×	4.09×	106.6	106.6	0.26%	—
FY 2022 Q2	Jun 30, 2022	175.17	—	—	0.03×	2.36%	—	—	26.84×	4.21×	107.06	106.59	0.26%	—
FY 2022 Q1	Mar 31, 2022	252.06	—	—	0.04×	3.41%	—	—	21.32×	4.07×	106.41	106.41	0.31%	—
FY 2021 Q4	Dec 31, 2021	239.9	1,450.65	-1,210.75	0.04×	3.24%	-1.43×	—	44.77×	4.39×	107.06	106.33	0.33%	—
FY 2021 Q3	Sep 30, 2021	278.61	1,367.46	-1,088.85	0.05×	3.83%	-1.5×	—	34.67×	4.26×	106.9	106.32	0.33%	—
FY 2021 Q2	Jun 30, 2021	279.32	1,346.89	-1,067.57	0.05×	3.85%	-1.22×	—	29.04×	4.77×	106.84	106.31	0.36%	—
FY 2021 Q1	Mar 31, 2021	256.9	972.88	-715.98	0.05×	3.61%	-0.89×	—	28.07×	4.69×	106.89	106.09	0.47%	—
FY 2020 Q4	Dec 31, 2020	279.23	1,227	-947.77	0.05×	3.93%	-1.72×	—	13.21×	3.56×	107.13	105.98	0.53%	—
FY 2020 Q3	Sep 30, 2020	260.87	1,277.05	-1,016.19	0.05×	3.73%	-2.74×	1.77×	5.89×	3.83×	106.75	105.97	0.54%	—
FY 2020 Q2	Jun 30, 2020	464.76	1,052.7	-587.94	0.09×	6.57%	-2.99×	—	-1.33×	3.66×	106.47	105.93	0.53%	—
FY 2020 Q1	Mar 31, 2020	472.4	929.36	-456.96	0.09×	6.8%	-3.53×	—	-3.52×	3.75×	106.39	105.6	0.52%	—
FY 2019 Q4	Dec 31, 2019	471.7	1,352.74	-881.04	0.09×	6.28%	-20.17×	—	-5.98×	2.73×	105.42	105.42	0.55%	—
FY 2019 Q3	Sep 30, 2019	480.3	879	-398.7	0.09×	6.81%	-2.51×	—	-0.93×	4×	106.23	105.4	0.57%	—
FY 2019 Q2	Jun 30, 2019	481.29	1,221.57	-740.28	0.09×	6.74%	-4.65×	—	-0.47×	4.05×	105.37	105.37	0.57%	—
FY 2019 Q1	Mar 31, 2019	570.72	1,013.4	-442.69	0.11×	7.86%	-9.97×	—	-3.59×	4.38×	105.05	105.05	0.47%	—
FY 2018 Q4	Dec 31, 2018	466.79	1,403.56	-936.77	0.09×	6.55%	-5.48×	—	1.55×	4.57×	105.82	104.85	0.38%	—
FY 2018 Q3	Sep 30, 2018	466.1	1,434.88	-968.78	0.09×	6.57%	-8.89×	—	-0.29×	4.48×	106.16	104.8	0.36%	—
FY 2018 Q2	Jun 30, 2018	456.29	2,024.49	-1,568.2	0.09×	6.49%	-6.23×	1.06×	6.64×	4.89×	104.78	104.78	0.42%	—
FY 2018 Q1	Mar 31, 2018	437.88	1,858.34	-1,420.46	0.08×	6.4%	-3.87×	1.96×	11.94×	6.81×	106.31	104.55	0.43%	—
FY 2017 Q4	Dec 31, 2017	393.54	2,268.53	-1,874.99	0.08×	5.73%	-6.95×	0.48×	6.9×	5.89×	102.66	104.45	0.46%	—
FY 2017 Q3	Sep 30, 2017	343.66	2,019.07	-1,675.41	0.06×	4.87%	—	0.41×	-24.15×	6.85×	105.66	104.43	1.06%	—
FY 2017 Q2	Jun 30, 2017	321.03	1,509.52	-1,188.48	0.06×	4.81%	—	1.34×	-27.62×	6.82×	104.61	104.34	2.01%	—
FY 2017 Q1	Mar 31, 2017	277.36	1,656.25	-1,378.88	0.05×	4.2%	—	0.77×	-26.96×	6.32×	104.41	104.1	2.21%	—
FY 2016 Q4	Dec 31, 2016	188.39	1,347.16	-1,158.77	0.04×	2.74%	—	—	-24.47×	4.21×	102.28	103.97	2.53%	—
FY 2016 Q3	Sep 30, 2016	787.16	1,414.22	-627.06	0.13×	9.73%	-0.99×	—	18.32×	2.46×	103.73	103.34	2.41%	—
FY 2016 Q2	Jun 30, 2016	233.43	916.66	-683.23	0.04×	3.09%	-0.72×	—	39.65×	3.23×	103.88	102.29	1.42%	—
FY 2016 Q1	Mar 31, 2016	299.34	1,086.28	-786.94	0.05×	3.95%	-0.78×	—	65.83×	3.08×	102.75	101.85	1.47%	—
FY 2015 Q4	Dec 31, 2015	289.41	1,126.83	-837.41	0.05×	3.96%	-1.08×	—	74.07×	3.48×	101.73	101.4	1.15%	—
FY 2015 Q3	Sep 30, 2015	285.48	1,189.7	-904.23	0.05×	4.04%	-1.08×	0.95×	174.45×	3.63×	102.3	100.91	0.71%	—
FY 2015 Q2	Jun 30, 2015	299.69	1,075.14	-775.46	0.06×	4.4%	-1.48×	1.45×	162.46×	3.45×	101.61	100.85	0.7%	—
FY 2015 Q1	Mar 31, 2015	242.51	779.91	-537.4	0.05×	3.63%	-1.16×	0.76×	121.62×	3.2×	100.38	100.38	0.79%	—
FY 2014 Q4	Dec 31, 2014	216.92	1,482.05	-1,265.13	0.04×	3.23%	-1.89×	0.51×	214.01×	3.19×	101.52	100.25	0.78%	—
FY 2014 Q3	Sep 30, 2014	218.25	622.52	-404.27	0.05×	3.39%	-0.76×	—	201.89×	3.54×	101.42	100.2	1.5%	—
FY 2014 Q2	Jun 30, 2014	194.67	851.35	-656.67	0.04×	2.94%	-1.01×	1.51×	256.04×	2.62×	101.81	100.15	12.27%	—
FY 2014 Q1	Mar 31, 2014	198.89	975.19	-776.31	0.04×	3.12%	-1.14×	0.95×	289.25×	3.04×	101.82	99.59	14.2%	—
FY 2013 Q4	Dec 31, 2013	223.32	1,325.07	-1,101.75	0.05×	3.24%	-1.83×	0.39×	195.61×	2.39×	101.26	99.47	14.23%	—
FY 2013 Q3	Sep 30, 2013	229.21	1,192.65	-963.43	0.05×	3.34%	-1.35×	0.32×	104.53×	2.2×	100.38	98.72	13.48%	—
FY 2013 Q2	Jun 30, 2013	255.76	928.66	-672.89	0.06×	3.72%	-1.09×	0.67×	52.54×	1.94×	91.14	89.2	2.7%	—
FY 2013 Q1	Mar 31, 2013	562.22	842.75	-280.54	0.15×	8.93%	-0.39×	1.08×	34.99×	2.03×	89.38	87.21	0.81%	—
FY 2012 Q4	Dec 31, 2012	562.57	901.29	-338.72	0.16×	8.86%	-1.5×	1.47×	-2.7×	2.57×	87.08	87.08	0.76%	—
FY 2012 Q3	Sep 30, 2012	529.69	614.7	-85.01	0.15×	8.86%	—	—	-61.53×	2.38×	87.77	86.99	0.76%	—
FY 2012 Q2	Jun 30, 2012	518.85	630.24	-111.39	0.15×	9.46%	—	274.96×	-69.02×	2.56×	87.65	86.86	0.8%	—
FY 2012 Q1	Mar 31, 2012	864.31	610.48	253.83	0.27×	14.97%	—	—	-641.5×	2.48×	86.51	86.51	1.39%	—
FY 2011 Q4	Dec 31, 2011	663.65	605.62	58.03	0.18×	11.49%	0.35×	—	-686.64×	2.68×	82.96	86.43	—	—
FY 2011 Q3	Sep 30, 2011	608.34	678.56	-70.22	0.15×	10.63%	—	—	—	3.25×	87.15	86.34	—	—
FY 2011 Q2	Jun 30, 2011	360.83	357.48	3.35	0.1×	7.31%	—	—	—	3.1×	87.13	86.16	—	—
FY 2011 Q1	Mar 31, 2011	131.7	355.73	-224.03	0.04×	2.97%	—	—	—	2.97×	87.05	85.32	—	—

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · FSLR, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.

SEC company facts · CIK 1274494