First Solar Inc Cash Flow-to-Debt Ratio
First Solar Inc 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. Check FSLR cash flow quality score to evaluate the quality of earnings relative to operating cash generation.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Cash Flow-to-Debt Ratio of First Solar Inc (2001–2025)
Cash flow-to-debt ratio of First Solar Inc from 2001 to 2025. Historical debt coverage capacity for First Solar Inc across 23 annual periods. Check First Solar Inc (FSLR) total reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
First Solar Inc Cash Flow-to-Debt Ratio by Year (2001–2025)
First Solar Inc cash flow-to-debt ratio by year from 2001 to 2025. Year-by-year debt coverage analysis for First Solar Inc. For the full cash flow conversion analysis, see cash flow conversion 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 | — |