First Solar Inc (FSLR)
Current ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,634,810 | 3,824,000 | 3,660,730 | 3,619,860 | 3,791,420 | 3,338,750 | 3,383,420 | 2,994,990 | 3,191,240 | 3,046,320 | 3,155,480 | 3,136,890 | 3,014,540 | 2,800,490 | 2,731,180 | 2,747,840 | 3,599,830 | 3,043,490 | 3,412,250 | 3,662,830 |
| Total current liabilities | US$ in thousands | 1,306,160 | 1,199,100 | 1,090,610 | 1,174,170 | 1,038,050 | 816,268 | 803,554 | 734,990 | 726,878 | 715,236 | 660,923 | 669,341 | 847,398 | 731,091 | 747,036 | 732,435 | 1,318,210 | 760,806 | 843,319 | 836,516 |
| Current ratio | 3.55 | 3.19 | 3.36 | 3.08 | 3.65 | 4.09 | 4.21 | 4.07 | 4.39 | 4.26 | 4.77 | 4.69 | 3.56 | 3.83 | 3.66 | 3.75 | 2.73 | 4.00 | 4.05 | 4.38 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,634,810K ÷ $1,306,160K
= 3.55
First Solar Inc's current ratio has exhibited some fluctuations over the past eight quarters. The current ratio measures the company's ability to meet its short-term obligations using its current assets, with a higher ratio indicating a stronger liquidity position.
In Q4 2023, the current ratio was 3.55, increasing from the prior quarter's 3.19. This suggests that the company's liquidity improved during this period, with a higher proportion of current assets available to cover short-term liabilities.
Compared to Q4 2022, where the current ratio was 3.65, the current ratio in Q4 2023 decreased slightly. This could indicate a slight deterioration in liquidity from the previous year's fourth quarter.
Overall, the current ratio has generally remained above 3 in the past eight quarters, indicating that First Solar Inc has maintained a healthy liquidity position during this period. However, it is essential to monitor future trends in the current ratio to assess the company's ongoing ability to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2023