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. See FSLR FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
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 First Solar Inc (FSLR) net asset momentum to track the company's year-over-year net asset growth rate.
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 cap 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 | — |