First Solar Inc Working Capital to Net Assets Ratio
First Solar Inc 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. Check First Solar Inc (FSLR) tangible net worth to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of First Solar Inc (2004–2025)
Working capital to net assets ratio of First Solar Inc from 2004 to 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. See operational self-sufficiency of First Solar Inc to measure how many days the company can operate on defensive assets alone.
First Solar Inc Working Capital to Net Assets Ratio by Year (2004–2025)
First Solar Inc working capital to net assets ratio by year from 2004 to 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 the complete balance sheet picture, see First Solar Inc total assets.
| 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 | — |