First Net Debt vs Cash And Short Term Investments Analysis

FSLR Stock

USD 267.34 6.11 2.23%

First Solar financial indicator trend analysis is much more than just examining First Solar latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Solar is a good investment. Please check the relationship between First Solar Net Debt and its Cash And Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Solar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

To learn how to invest in First Stock, please use our How to Invest in First Solar guide.

Net Debt vs Cash And Short Term Investments

Net Debt vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Solar Net Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have pay attention.

The correlation between First Solar's Net Debt and Cash And Short Term Investments is -0.86. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of First Solar, assuming nothing else is changed. The correlation between historical values of First Solar's Net Debt and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of First Solar are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Debt i.e., First Solar's Net Debt and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.86

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of First Solar balance sheet. This account contains First Solar investments that will expire within one year. These investments include stocks and bonds that can be liquidated by First Solar fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from First Solar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Solar current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Solar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

To learn how to invest in First Stock, please use our How to Invest in First Solar guide.At this time, First Solar's Selling General Administrative is relatively stable compared to the past year. As of 06/09/2024, Tax Provision is likely to grow to about 48.3 M, while Enterprise Value is likely to drop slightly above 5.7 B.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	290.5M	350.6M	414.7M	316.1M
Cost Of Revenue	2.2B	2.5B	2.0B	1.7B

Total Operating Expenses Cost Of Revenue

First Solar fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Property Plant And Equipment Gross	Other Current Liab	Total Current Liabilities	Retained Earnings	Accounts Payable	Short Term Investments	Other Current Assets	Other Liab	Long Term Debt
Total Assets		0.35	0.96	0.57	-0.6	0.8	0.75	0.45	0.46	0.74	0.39	0.91	0.48	0.6	0.92	0.6	0.95	0.48	0.51	0.74	0.74	0.61	0.42	0.43	0.51	0.39
Short Long Term Debt Total	0.35		0.19	0.55	0.05	0.15	0.58	-0.13	0.15	0.03	0.85	0.19	0.8	0.54	0.2	0.77	0.3	0.6	0.15	0.37	0.41	0.23	-0.24	-0.23	0.63	0.88
Total Stockholder Equity	0.96	0.19		0.53	-0.69	0.83	0.72	0.55	0.45	0.81	0.22	0.97	0.33	0.54	0.96	0.44	0.92	0.42	0.4	0.6	0.78	0.52	0.53	0.55	0.36	0.24
Property Plant And Equipment Net	0.57	0.55	0.53		-0.43	0.41	0.9	-0.2	-0.15	0.34	0.68	0.5	0.82	0.87	0.43	0.79	0.44	0.97	0.05	0.35	0.87	0.27	0.04	-0.07	0.76	0.28
Net Debt	-0.6	0.05	-0.69	-0.43		-0.9	-0.52	-0.45	-0.15	-0.86	-0.08	-0.74	-0.29	-0.36	-0.69	-0.33	-0.68	-0.4	-0.29	-0.26	-0.68	-0.12	-0.48	-0.27	-0.35	0.14
Cash	0.8	0.15	0.83	0.41	-0.9		0.53	0.46	0.27	0.92	0.16	0.84	0.34	0.32	0.82	0.39	0.86	0.35	0.38	0.43	0.63	0.24	0.5	0.34	0.37	0.21
Non Current Assets Total	0.75	0.58	0.72	0.9	-0.52	0.53		0.19	0.28	0.45	0.71	0.69	0.81	0.93	0.66	0.85	0.63	0.87	0.28	0.55	0.95	0.51	0.1	0.13	0.78	0.32
Non Currrent Assets Other	0.45	-0.13	0.55	-0.2	-0.45	0.46	0.19		0.81	0.52	-0.12	0.61	-0.19	0.06	0.67	0.02	0.56	-0.24	0.56	0.45	0.25	0.4	0.46	0.59	-0.14	-0.06
Other Assets	0.46	0.15	0.45	-0.15	-0.15	0.27	0.28	0.81		0.24	0.13	0.46	0.05	0.18	0.55	0.21	0.47	-0.19	0.56	0.52	0.19	0.63	0.14	0.51	0.12	0.2
Cash And Short Term Investments	0.74	0.03	0.81	0.34	-0.86	0.92	0.45	0.52	0.24		-0.01	0.87	0.2	0.21	0.84	0.27	0.84	0.25	0.35	0.38	0.58	0.33	0.8	0.55	0.28	0.12
Net Receivables	0.39	0.85	0.22	0.68	-0.08	0.16	0.71	-0.12	0.13	-0.01		0.17	0.92	0.76	0.18	0.91	0.33	0.77	0.29	0.46	0.58	0.28	-0.35	-0.39	0.79	0.56
Common Stock Shares Outstanding	0.91	0.19	0.97	0.5	-0.74	0.84	0.69	0.61	0.46	0.87	0.17		0.3	0.49	0.99	0.42	0.91	0.38	0.42	0.57	0.76	0.49	0.63	0.63	0.33	0.24
Non Current Liabilities Total	0.48	0.8	0.33	0.82	-0.29	0.34	0.81	-0.19	0.05	0.2	0.92	0.3		0.79	0.28	0.95	0.41	0.87	0.19	0.41	0.7	0.34	-0.16	-0.28	0.94	0.52
Inventory	0.6	0.54	0.54	0.87	-0.36	0.32	0.93	0.06	0.18	0.21	0.76	0.49	0.79		0.46	0.84	0.46	0.88	0.26	0.52	0.86	0.42	-0.13	-0.09	0.76	0.2
Other Stockholder Equity	0.92	0.2	0.96	0.43	-0.69	0.82	0.66	0.67	0.55	0.84	0.18	0.99	0.28	0.46		0.43	0.93	0.31	0.53	0.66	0.7	0.56	0.6	0.62	0.32	0.27
Total Liab	0.6	0.77	0.44	0.79	-0.33	0.39	0.85	0.02	0.21	0.27	0.91	0.42	0.95	0.84	0.43		0.55	0.83	0.46	0.66	0.72	0.48	-0.08	-0.17	0.92	0.49
Total Current Assets	0.95	0.3	0.92	0.44	-0.68	0.86	0.63	0.56	0.47	0.84	0.33	0.91	0.41	0.46	0.93	0.55		0.36	0.62	0.74	0.66	0.53	0.54	0.42	0.45	0.36
Property Plant And Equipment Gross	0.48	0.6	0.42	0.97	-0.4	0.35	0.87	-0.24	-0.19	0.25	0.77	0.38	0.87	0.88	0.31	0.83	0.36		0.04	0.3	0.84	0.17	-0.1	-0.25	0.79	0.26
Other Current Liab	0.51	0.15	0.4	0.05	-0.29	0.38	0.28	0.56	0.56	0.35	0.29	0.42	0.19	0.26	0.53	0.46	0.62	0.04		0.89	0.18	0.53	0.2	0.22	0.27	0.13
Total Current Liabilities	0.74	0.37	0.6	0.35	-0.26	0.43	0.55	0.45	0.52	0.38	0.46	0.57	0.41	0.52	0.66	0.66	0.74	0.3	0.89		0.41	0.67	0.19	0.21	0.46	0.34
Retained Earnings	0.74	0.41	0.78	0.87	-0.68	0.63	0.95	0.25	0.19	0.58	0.58	0.76	0.7	0.86	0.7	0.72	0.66	0.84	0.18	0.41		0.37	0.24	0.16	0.66	0.16
Accounts Payable	0.61	0.23	0.52	0.27	-0.12	0.24	0.51	0.4	0.63	0.33	0.28	0.49	0.34	0.42	0.56	0.48	0.53	0.17	0.53	0.67	0.37		0.37	0.5	0.5	0.25
Short Term Investments	0.42	-0.24	0.53	0.04	-0.48	0.5	0.1	0.46	0.14	0.8	-0.35	0.63	-0.16	-0.13	0.6	-0.08	0.54	-0.1	0.2	0.19	0.24	0.37		0.72	-0.04	-0.04
Other Current Assets	0.43	-0.23	0.55	-0.07	-0.27	0.34	0.13	0.59	0.51	0.55	-0.39	0.63	-0.28	-0.09	0.62	-0.17	0.42	-0.25	0.22	0.21	0.16	0.5	0.72		-0.17	0.01
Other Liab	0.51	0.63	0.36	0.76	-0.35	0.37	0.78	-0.14	0.12	0.28	0.79	0.33	0.94	0.76	0.32	0.92	0.45	0.79	0.27	0.46	0.66	0.5	-0.04	-0.17		0.36
Long Term Debt	0.39	0.88	0.24	0.28	0.14	0.21	0.32	-0.06	0.2	0.12	0.56	0.24	0.52	0.2	0.27	0.49	0.36	0.26	0.13	0.34	0.16	0.25	-0.04	0.01	0.36

Click cells to compare fundamentals

First Solar Account Relationship Matchups

First Solar fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.5B	7.1B	7.4B	8.3B	10.4B	5.3B
Short Long Term Debt Total	471.7M	279.2M	239.9M	193.5M	624.4M	655.6M
Total Stockholder Equity	5.1B	5.5B	6.0B	5.8B	6.7B	3.8B
Property Plant And Equipment Net	2.7B	2.6B	2.9B	3.5B	4.5B	4.7B
Net Debt	(881.0M)	(947.8M)	(1.2B)	(1.3B)	(1.3B)	(1.3B)
Cash	1.4B	1.2B	1.5B	1.5B	1.9B	1.0B
Non Current Assets Total	3.9B	4.1B	4.2B	4.5B	5.7B	6.0B
Non Currrent Assets Other	1.0B	940.8M	946.0M	588.3M	545.4M	705.6M
Other Assets	1.0B	1.4B	1.1B	777.9M	894.6M	965.4M
Cash And Short Term Investments	2.2B	1.7B	1.8B	2.6B	2.1B	1.4B
Net Receivables	658.5M	292.5M	454.7M	355.0M	1.4B	1.5B
Common Stock Shares Outstanding	105.3M	106.7M	106.9M	106.6M	107.4M	93.0M
Liabilities And Stockholders Equity	7.5B	7.1B	7.4B	8.3B	10.4B	5.3B
Non Current Liabilities Total	1.1B	740.6M	727.3M	1.4B	2.4B	2.5B
Inventory	497.1M	567.6M	666.3M	621.4M	1.0B	1.1B
Other Stockholder Equity	2.8B	2.9B	2.9B	2.9B	2.9B	2.1B
Total Liab	2.4B	1.6B	1.5B	2.4B	3.7B	3.9B
Total Current Assets	3.6B	3.0B	3.2B	3.8B	4.6B	2.5B
Property Plant And Equipment Gross	2.8B	2.4B	2.9B	3.5B	6.2B	6.5B
Other Current Liab	759.4M	433.7M	327.7M	424.2M	578.8M	419.9M
Total Current Liabilities	1.3B	847.4M	726.9M	1.0B	1.3B	813.0M
Retained Earnings	2.3B	2.7B	3.2B	3.1B	4.0B	4.2B
Accounts Payable	218.1M	183.3M	193.4M	341.4M	207.2M	184.8M
Short Term Investments	811.5M	520.1M	375.4M	1.1B	155.5M	147.7M
Other Current Assets	280.0M	251.7M	244.2M	237.1M	33.0M	31.4M
Accumulated Other Comprehensive Income	(79.3M)	(61.7M)	(96.4M)	(191.8M)	(174.1M)	(165.4M)
Other Liab	526.8M	502.9M	345.4M	1.2B	1.3B	1.4B
Long Term Debt	454.2M	237.7M	236.0M	184.3M	464.1M	290.2M
Short Term Debt	17.5M	41.5M	3.9M	9.2M	106.6M	111.9M
Intangible Assets	64.5M	56.1M	45.5M	31.1M	64.5M	78.6M
Property Plant Equipment	2.3B	2.6B	2.9B	3.6B	4.2B	4.4B
Current Deferred Revenue	323.2M	188.8M	201.9M	263.2M	413.6M	215.6M
Net Tangible Assets	5.0B	5.5B	5.9B	5.8B	6.7B	5.1B
Retained Earnings Total Equity	2.4B	2.3B	2.7B	3.2B	3.7B	2.4B
Long Term Debt Total	461.2M	454.2M	237.7M	236.0M	271.4M	337.2M
Capital Surpluse	2.8B	2.8B	2.9B	2.9B	3.3B	2.8B

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First Net Debt vs Cash And Short Term Investments Analysis

Net Debt vs Cash And Short Term Investments

Net Debt vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Net Debt

Cash And Short Term Investments

First Solar fundamental ratios Correlations

First Solar Account Relationship Matchups

High Positive Relationship

High Negative Relationship

First Solar fundamental ratios Accounts

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Additional Tools for First Stock Analysis

COMMON DESTINATIONS

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Other Stockholder Equity	+ 0.99	Common Stock Shares Outstanding
Common Stock Shares Outstanding	+ 0.97	Total Stockholder Equity
Property Plant And Equipment Gross	+ 0.97	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.96	Total Assets
Other Stockholder Equity	+ 0.96	Total Stockholder Equity
Total Current Assets	+ 0.95	Total Assets

Cash	- 0.9	Net Debt
Cash And Short Term Investments	- 0.86	Net Debt
Common Stock Shares Outstanding	- 0.74	Net Debt
Other Stockholder Equity	- 0.69	Net Debt
Net Debt	- 0.69	Total Stockholder Equity
Retained Earnings	- 0.68	Net Debt