First Solar Inc (FSLR) — Cash Flow Quality Index

Latest as of March 2026: -0.62x

First Solar Inc (FSLR) has a Cash Flow Quality Index of -0.62x as of March 2026. Operating cash flow of $-214.87 Million is below net income of $346.62 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore First Solar Inc (FSLR) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.

Cash Flow Quality Index

-0.62x
Operating CF / Net Income

Operating Cash Flow

$-214.87 Million
USD

Net Income

$346.62 Million
USD

Data as of

Mar 2026
Most recent filing

First Solar Inc Cash Flow Quality Index (2006–2025)

Historical Cash Flow Quality Index for First Solar Inc across 14 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see FSLR cash generation efficiency.

Annual Cash Flow Quality Index for First Solar Inc (2006–2025)

Year-by-year earnings quality comparison for First Solar Inc.

Year Quality Index Operating CF (USD) Net Income YoY Change
2025 1.35x $2.06 Billion $1.53 Billion ▲ +42.8%
2024 0.94x $1.22 Billion $1.29 Billion ▲ +30.0%
2023 0.72x $602.26 Million $830.78 Million ▲ +43.0%
2021 0.51x $237.56 Million $468.69 Million ▲ +443.9%
2020 0.09x $37.12 Million $398.36 Million ▲ +104.1%
2018 -2.26x $-326.81 Million $144.33 Million ▼ -242.8%
2015 -0.66x $-360.92 Million $546.42 Million ▼ -138.5%
2014 1.72x $680.99 Million $396.92 Million ▼ -29.3%
2013 2.43x $856.13 Million $353.04 Million ▲ +128.3%
2010 1.06x $705.49 Million $664.20 Million ▲ +0.7%
2009 1.05x $675.19 Million $640.14 Million ▼ -20.7%
2008 1.33x $463.07 Million $348.33 Million ▲ +2.2%
2007 1.30x $205.95 Million $158.35 Million ▲ +997.3%
2006 -0.14x $-576.00K $3.97 Million —
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.