First Solar Inc (FSLR)

Interest coverage

		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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	904,255	517,067	164,179	117,133	20,823	193,958	301,645	266,223	585,269	467,894	623,015	565,976	315,097	175,551	22,065	-26,197	-93,347	53,054	65,765	15,058
Interest expense (ttm)	US$ in thousands	12,965	9,030	8,287	10,108	12,225	11,622	11,589	12,976	13,107	13,595	21,612	20,243	24,036	24,066	18,067	23,734	27,066	35,494	33,716	30,860
Interest coverage		69.75	57.26	19.81	11.59	1.70	16.69	26.03	20.52	44.65	34.42	28.83	27.96	13.11	7.29	1.22	-1.10	-3.45	1.49	1.95	0.49

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $904,255K ÷ $12,965K
= 69.75

Based on the provided data, the interest coverage ratio for First Solar Inc was not available for the most recent quarters of Q4 2023, Q3 2023, Q2 2023, and Q1 2023. However, we can observe an increasing trend in interest coverage over the previous quarters. In Q2 2022, the interest coverage was 26.80 and further improved to 51.27 in Q1 2022. This indicates that the company's ability to cover its interest expenses with its operating income has strengthened over time. It is important to note that the lack of data for the most recent quarters prevents a more current assessment of the company's interest coverage ratio.