First Solar

FSLR Clean Energy & EV 1/10 Low Risk

1/10

— 2 → 1 over 22 weeks

Sector avg: 3.7/10

First Solar carries $438M in long-term debt, with $374M in scheduled principal maturities. Near-term pressure is acute: $182M (49% of all maturities) comes due within 24 months. FSLR shows a strong cash position ($2.4B) that could cover most of its debt obligations. DebtCanary scores FSLR at 1/10, suggesting manageable refinancing risk.

Maturity Schedule

As of 2025-12-31 (latest SEC filing with maturity data). Debt actions taken after this date will only appear once SEC processes the relevant XBRL filing.

⚠ This schedule may be incomplete: some maturity buckets were excluded because they only appear in older filings. Totals and concentration are not computed from partial schedules.

Period	Amount Due	% of Total
Year 1 (0-12 months)	$91M	24.3%
Year 2 (12-24 months)	$91M	24.3%
Year 3 (24-36 months)	$91M	24.4%
Year 4 (36-48 months)	$101M	27.0%
Year 5 (48-60 months)	N/A	N/A
Beyond 5 Years	N/A	N/A
Total Scheduled Maturities	$374M	100.0%

Key Metrics

Total Long-Term Debt

$438M

Near-Term (12mo)

$91M

Interest Coverage

123.2x

Debt/Equity

0.04

Cash Coverage

26.00x

Operating Income

$1.6B

How This Score Was Computed

Weighted average of 3 scored components (raw 1.00, rounded to 1). Weights of skipped components are redistributed proportionally among those scored.

Component	Value	Sub-Score	Weight Used
Near-Term Maturity Concentration Parts of the maturity schedule only appear in older filings, so concentration would be measured against an incomplete total. Skipped rather than reported as a misleadingly high number.	N/A	—	not scored
Interest Coverage Ratio Show calculation Operating income / Interest expense Operating income: $1.6B Interest expense: $13M	123.17x	1/10	36%
Debt-to-Equity Ratio Show calculation Long-term debt / Stockholders' equity Long-term debt: $438M Stockholders' equity: $9.9B	0.04	1/10	36%
Cash Coverage of Near-Term Debt Show calculation Cash & equivalents / Debt due within 12 months Cash & equivalents: $2.4B Near-term debt: $91M	26.00x	1/10	29%
Cash Runway Only scored when a company is burning cash. Operating cash flow is positive (or unreported), so runway isn't a constraint.	N/A	—	not scored

"Weight Used" shows each component's share after the weights of unscored components are redistributed. Full thresholds and formulas are on the methodology page.

Recent SEC Filings

Material disclosures from First Solar's most recent EDGAR filings. 8-K item labels indicate the type of event reported.

Date	Form	Details
2026-05-15	8-K	Shareholder Vote
2026-04-30	10-Q	Quarterly report
2026-04-30	8-K	Earnings Results
2026-04-02	DEFA14A	Additional proxy materials
2026-04-02	DEF 14A	Proxy statement
2026-02-24	10-K	Annual report
2026-02-24	8-K	Earnings Results
2026-02-19	8-K	Material Agreement, Agreement Terminated, New Debt Obligation

Related Companies

SolarEdge Technologies

Debt: $14.8B 12mo: $294M

Debt: $295M 12mo: $16M

Rivian Automotive, Inc. / DE

RIVN

6/10

Debt: $5.5B 12mo: N/A

Lucid Group

LCID

7/10

Debt: $2.8B 12mo: $707M

Data Source: Financial data sourced from SEC EDGAR XBRL filings (10-K annual reports). Fiscal period end: 2026-03-31. Filing date: 2026-04-30. Data last fetched: 2026-07-26. Maturity schedules reflect the company's most recently reported debt repayment obligations. Data quality: Partial.
View SEC EDGAR filings for First Solar →