First Solar Inc (FSLR) — Cash Flow-to-Debt Ratio
First Solar Inc (FSLR) has a Cash Flow-to-Debt Ratio of -0.06x as of March 2026, meaning its operating cash flow of $-214.87 Million could theoretically repay 0% of its total liabilities ($3.47 Billion) in one year. Explore FSLR strategic capital deployment ratio to see how much of total assets are deployed in long-term investments.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
First Solar Inc Cash Flow-to-Debt Ratio (2001–2025)
Historical debt coverage capacity for First Solar Inc across 23 annual periods. Also explore how large is First Solar Inc's balance sheet for the complete picture of this company's asset base.
Annual Cash Flow-to-Debt Ratio for First Solar Inc (2001–2025)
Year-by-year debt coverage analysis for First Solar Inc. For market capitalisation and broader financial context, see market value of First Solar Inc.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.54x | $2.06 Billion | $3.78 Billion | ▲ +85.1% |
| 2024 | 0.29x | $1.22 Billion | $4.15 Billion | ▲ +79.4% |
| 2023 | 0.16x | $602.26 Million | $3.68 Billion | ▼ -54.7% |
| 2022 | 0.36x | $873.37 Million | $2.42 Billion | ▲ +121.4% |
| 2021 | 0.16x | $237.56 Million | $1.45 Billion | ▲ +598.9% |
| 2020 | 0.02x | $37.12 Million | $1.59 Billion | ▼ -67.5% |
| 2019 | 0.07x | $174.20 Million | $2.42 Billion | ▲ +142.1% |
| 2018 | -0.17x | $-326.81 Million | $1.91 Billion | ▼ -122.5% |
| 2017 | 0.76x | $1.34 Billion | $1.77 Billion | ▲ +507.6% |
| 2016 | 0.12x | $206.75 Million | $1.65 Billion | ▲ +161.2% |
| 2015 | -0.20x | $-360.92 Million | $1.77 Billion | ▼ -150.9% |
| 2014 | 0.40x | $680.99 Million | $1.70 Billion | ▲ +11.6% |
| 2013 | 0.36x | $856.13 Million | $2.38 Billion | ▲ +29.4% |
| 2012 | 0.28x | $762.21 Million | $2.74 Billion | ▲ +1871.7% |
| 2011 | -0.02x | $-33.46 Million | $2.13 Billion | ▼ -102.1% |
| 2010 | 0.76x | $705.49 Million | $925.46 Million | ▼ -21.3% |
| 2009 | 0.97x | $675.19 Million | $696.73 Million | ▲ +25.9% |
| 2008 | 0.77x | $463.07 Million | $601.46 Million | ▲ +2.4% |
| 2007 | 0.75x | $205.95 Million | $274.05 Million | ▲ +21898.1% |
| 2006 | 0.00x | $-576.00K | $167.07 Million | ▼ -106.1% |
| 2005 | 0.06x | $5.04 Million | $88.75 Million | ▲ +107.2% |
| 2004 | -0.79x | $-15.19 Million | $19.12 Million | ▼ -39.3% |
| 2001 | -0.57x | $-15.42 Million | $27.05 Million | — |