First Solar Balance Sheet
NASDAQ: FSLRTechnologySemiconductorsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
First Solar financial position
At the end of fiscal 2025, First Solar reported total assets of $13.32 billion, up 9.9% from a year earlier against total liabilities of $3.78 billion. Shareholders' equity stood at $9.54 billion, or 71.6% of assets. The company held $2.80 billion in cash and equivalents against $498.6 million of debt, a net cash position of $2.30 billion.
The current ratio (current assets divided by current liabilities) was 2.67, meaning short-term assets cover obligations due within a year. Debt-to-equity was 0.05.
Summary generated from market data by MetaCap's automated system. Methodology
First Solar balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.80B | 1.62B | 1.95B | 1.48B | 1.45B | 1.23B | 1.35B | 1.40B | 2.27B | 1.35B |
| Short-Term Investments | 51.85M | 171.58M | 155.50M | 1.10B | 375.39M | 520.07M | 811.51M | 1.14B | 720.38M | 607.99M |
| Receivables | 1.29B | 1.26B | 660.78M | 324.34M | 429.44M | 266.09M | 475.04M | 128.28M | 211.80M | 266.69M |
| Inventory | 736.73M | 1.08B | 819.90M | 621.38M | 666.30M | 567.59M | 443.51M | 387.91M | 172.37M | 363.22M |
| Total Current Assets | 6.03B | 5.09B | 4.63B | 3.79B | 3.19B | 3.01B | 3.60B | 3.86B | 3.83B | 3.79B |
| Property, Plant & Equipment | 5.68B | 5.41B | 4.40B | 3.54B | 2.65B | 2.40B | 2.18B | 1.76B | 1.15B | 629.14M |
| Goodwill | 31.09M | 28.34M | 29.69M | 14.46M | 14.46M | 14.46M | 14.46M | 14.46M | 14.46M | 14.46M |
| Intangible Assets | 51.01M | 54.65M | 64.51M | 31.11M | 45.51M | 56.14M | 64.54M | 74.16M | 80.23M | 87.97M |
| Total Assets | 13.32B | 12.12B | 10.37B | 8.25B | 7.41B | 7.11B | 7.52B | 7.12B | 6.86B | 6.82B |
| Accounts Payable | 405.77M | 482.19M | 207.18M | 341.41M | 193.37M | 183.35M | 218.08M | 233.29M | 120.22M | 148.73M |
| Short-Term Debt | 215.98M | 236.42M | 96.24M | 0 | 3.90M | 41.54M | 17.51M | 5.57M | 13.07M | 27.97M |
| Total Current Liabilities | 2.25B | 2.08B | 1.31B | 1.04B | 726.88M | 847.40M | 1.32B | 845.46M | 650.28M | 907.88M |
| Long-Term Debt | 282.59M | 373.35M | 464.07M | 184.35M | 236.00M | 237.69M | 454.19M | 461.22M | 380.46M | 160.42M |
| Total Liabilities | 3.78B | 4.15B | 3.68B | 2.42B | 1.45B | 1.59B | 2.42B | 1.91B | 1.77B | 1.61B |
| Shareholders' Equity | 9.54B | 7.98B | 6.69B | 5.84B | 5.96B | 5.52B | 5.10B | 5.21B | 5.10B | 5.22B |
| Retained Earnings | 6.79B | 5.26B | 3.97B | 3.14B | 3.18B | 2.72B | 2.33B | 2.44B | 2.30B | 2.46B |
| Total Debt | 498.57M | 609.78M | 560.31M | 184.35M | 239.90M | 279.23M | 471.70M | 466.79M | 393.54M | 188.39M |
| Net Cash (Debt) | 2.36B | 1.18B | 1.54B | 2.39B | 1.59B | 1.47B | 1.69B | 2.08B | 2.60B | 1.77B |
| Shares Outstanding | 107.31M | 107.06M | 106.85M | 106.61M | 106.33M | 105.98M | 105.45M | 104.89M | 104.47M | 104.03M |
This table shows 10 annual periods of First Solar's balance sheet, from FY 2025 back to FY 2016, across 20 line items including cash & equivalents, short-term investments, receivables. Values in USD; B = billions, M = millions. Fiscal periods follow FSLR's reporting calendar. What is a balance sheet?