First Solar Inc (FSLR) — Working Capital to Net Assets Ratio
First Solar Inc (FSLR) has a Working Capital to Net Assets ratio of 34.8% as of March 2026. Working capital of $3.44 Billion (current assets of $5.65 Billion minus current liabilities of $2.21 Billion) is measured against net assets of $9.88 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See First Solar Inc balance sheet independence to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
First Solar Inc Working Capital to Net Assets (2004–2025)
This chart shows how First Solar Inc's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2004 to 2025. As of March 2026, the ratio stands at 34.8%, reflecting working capital of $3.44 Billion against net assets of $9.88 Billion USD. Check FSLR goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for First Solar Inc (2004–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for First Solar Inc from 2004 to 2025, covering 22 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see how much is First Solar Inc worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 39.6% | $3.77 Billion | $9.54 Billion | $6.03 Billion | $2.25 Billion | ▲ +1.8 pp |
| 2024 | 37.8% | $3.01 Billion | $7.98 Billion | $5.09 Billion | $2.08 Billion | ▼ -12.0 pp |
| 2023 | 49.8% | $3.33 Billion | $6.69 Billion | $4.63 Billion | $1.31 Billion | ▲ +2.6 pp |
| 2022 | 47.2% | $2.75 Billion | $5.84 Billion | $3.79 Billion | $1.04 Billion | ▲ +5.8 pp |
| 2021 | 41.4% | $2.46 Billion | $5.96 Billion | $3.19 Billion | $726.88 Million | ▲ +2.1 pp |
| 2020 | 39.3% | $2.17 Billion | $5.52 Billion | $3.01 Billion | $847.40 Million | ▼ -5.5 pp |
| 2019 | 44.8% | $2.28 Billion | $5.10 Billion | $3.60 Billion | $1.32 Billion | ▼ -13.1 pp |
| 2018 | 57.8% | $3.01 Billion | $5.21 Billion | $3.86 Billion | $845.46 Million | ▼ -4.6 pp |
| 2017 | 62.4% | $3.18 Billion | $5.10 Billion | $3.83 Billion | $650.28 Million | ▲ +7.0 pp |
| 2016 | 55.4% | $2.89 Billion | $5.21 Billion | $3.79 Billion | $899.71 Million | ▲ +12.4 pp |
| 2015 | 43.0% | $2.38 Billion | $5.55 Billion | $3.35 Billion | $960.80 Million | ▼ -0.6 pp |
| 2014 | 43.5% | $2.19 Billion | $5.03 Billion | $3.19 Billion | $1.00 Billion | ▼ -5.4 pp |
| 2013 | 49.0% | $2.20 Billion | $4.50 Billion | $3.79 Billion | $1.59 Billion | ▲ +1.0 pp |
| 2012 | 48.0% | $1.73 Billion | $3.61 Billion | $2.83 Billion | $1.10 Billion | ▲ +3.0 pp |
| 2011 | 45.0% | $1.64 Billion | $3.64 Billion | $2.61 Billion | $973.72 Million | ▲ +12.7 pp |
| 2010 | 32.3% | $1.11 Billion | $3.45 Billion | $1.58 Billion | $469.68 Million | ▼ -3.8 pp |
| 2009 | 36.1% | $956.34 Million | $2.65 Billion | $1.35 Billion | $394.93 Million | ▼ -9.9 pp |
| 2008 | 46.0% | $695.62 Million | $1.51 Billion | $1.08 Billion | $381.78 Million | ▼ -10.2 pp |
| 2007 | 56.1% | $616.03 Million | $1.10 Billion | $802.51 Million | $186.48 Million | ▼ -25.6 pp |
| 2006 | 81.8% | $336.45 Million | $411.44 Million | $388.52 Million | $52.07 Million | ▲ +137.8 pp |
| 2005 | -56.1% | $-7.36 Million | $13.13 Million | $26.55 Million | $33.91 Million | ▼ -86.7 pp |
| 2004 | 30.6% | $6.93 Million | $22.64 Million | $12.28 Million | $5.35 Million | — |