First Total Current Assets vs Long Term Debt 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 Total Current Assets and its Long Term Debt 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.
Total Current Assets vs Long Term Debt
Total Current Assets vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Solar Total Current Assets account and Long Term Debt. At this time, the significance of the direction appears to have weak relationship.
The correlation between First Solar's Total Current Assets and Long Term Debt is 0.36. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Long Term Debt 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 Total Current Assets and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of First Solar are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Total Current Assets i.e., First Solar's Total Current Assets and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.36 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Long Term Debt
Long-term debt is a debt that First Solar has held for over one year. Long-term debt appears on First Solar balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on First Solar balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.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 06/10/2024, 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 |
First Solar fundamental ratios Correlations
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First Solar Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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