First Solar Inc
First Solar, Inc., a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally. The company manufactures and sells PV solar modules with thin film semiconductor technology that provides conventional crystalline silicon PV solar modules. It also designs, manufactures, and sells cadmium telluride solar modules that co… Read more
First Solar Inc (FSLR) - Total Assets
Latest total assets as of December 2025: $13.32 Billion USD
Based on the latest financial reports, First Solar Inc (FSLR) holds total assets worth $13.32 Billion USD as of December 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
First Solar Inc - Total Assets Trend (2001–2025)
This chart illustrates how First Solar Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
First Solar Inc - Asset Composition Analysis
Current Asset Composition (December 2025)
First Solar Inc's total assets of $13.32 Billion consist of 45.3% current assets and 54.7% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 21.1% |
| Accounts Receivable | $1.29 Billion | 9.7% |
| Inventory | $736.73 Million | 5.5% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $51.01 Million | 0.4% |
| Goodwill | $31.09 Million | 0.2% |
Asset Composition Trend (2001–2025)
This chart illustrates how First Solar Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: First Solar Inc's current assets represent 45.3% of total assets in 2025, an increase from 23.3% in 2001.
- Cash Position: Cash and equivalents constituted 21.1% of total assets in 2025, up from 16.2% in 2001.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2001.
- Asset Diversification: The largest asset category is accounts receivable at 9.7% of total assets.
First Solar Inc Competitors by Total Assets
Key competitors of First Solar Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shenzhen Topraysolar Co Ltd
SHE:002218
|
China | CN¥6.66 Billion |
|
JA Solar Technology Co Ltd
SHE:002459
|
China | CN¥105.38 Billion |
|
GCL System Integration Technology Co Ltd
SHE:002506
|
China | CN¥19.27 Billion |
|
Changzhou Almaden Co Ltd
SHE:002623
|
China | CN¥5.75 Billion |
|
Hainan Drinda Automotive Trim Co Ltd
SHE:002865
|
China | CN¥18.01 Billion |
|
Hanwha Solutions
KO:009830
|
Korea | ₩32.26 Trillion |
|
Hanwha Chemical Corp Pref
KO:009835
|
Korea | ₩32.26 Trillion |
|
Trive Property Group Bhd
KLSE:0118
|
Malaysia | RM126.77 Million |
First Solar Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - First Solar Inc generates 0.39x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Excellent ROA - For every $100 in assets, First Solar Inc generates $ 11.47 in net profit.
First Solar Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 2.67 | 2.45 | 4.69 |
| Quick Ratio | 2.35 | 1.80 | 3.86 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $3.77 Billion | $ 3.01 Billion | $ 2.47 Billion |
First Solar Inc - Advanced Valuation Insights
This section examines the relationship between First Solar Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.13 |
| Latest Market Cap to Assets Ratio | 1.53 |
| Asset Growth Rate (YoY) | 9.9% |
| Total Assets | $13.32 Billion |
| Market Capitalization | $20.32 Billion USD |
Valuation Analysis
Above Book Valuation: The market values First Solar Inc's assets above their book value (1.53 x), reflecting positive investor sentiment about the company's future prospects.
Positive Asset Growth: First Solar Inc's assets grew by 9.9% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for First Solar Inc (2001–2025)
The table below shows the annual total assets of First Solar Inc from 2001 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $13.32 Billion | +9.87% |
| 2024-12-31 | $12.12 Billion | +16.97% |
| 2023-12-31 | $10.37 Billion | +25.62% |
| 2022-12-31 | $8.25 Billion | +11.30% |
| 2021-12-31 | $7.41 Billion | +4.29% |
| 2020-12-31 | $7.11 Billion | -5.41% |
| 2019-12-31 | $7.52 Billion | +5.54% |
| 2018-12-31 | $7.12 Billion | +3.74% |
| 2017-12-31 | $6.86 Billion | -0.04% |
| 2016-12-31 | $6.87 Billion | -6.14% |
| 2015-12-31 | $7.32 Billion | +8.80% |
| 2014-12-31 | $6.72 Billion | -2.31% |
| 2013-12-31 | $6.88 Billion | +8.42% |
| 2012-12-31 | $6.35 Billion | +9.88% |
| 2011-12-31 | $5.78 Billion | +31.90% |
| 2010-12-31 | $4.38 Billion | +30.78% |
| 2009-12-31 | $3.35 Billion | +58.41% |
| 2008-12-31 | $2.11 Billion | +54.20% |
| 2007-12-31 | $1.37 Billion | +137.04% |
| 2006-12-31 | $578.51 Million | +467.81% |
| 2005-12-31 | $101.88 Million | +143.95% |
| 2004-12-31 | $41.77 Million | +190.50% |
| 2002-12-31 | $14.38 Million | +49.23% |
| 2001-12-31 | $9.63 Million | -- |