First Net Income vs Capital Expenditures Analysis

FSLR Stock

USD 181.95 2.89 1.56%

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 Income and its Capital Expenditures 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 Income vs Capital Expenditures

Net Income vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Solar Net Income account and Capital Expenditures. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between First Solar's Net Income and Capital Expenditures is 0.48. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Capital Expenditures 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 Income and Capital Expenditures 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 Income of First Solar are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Net Income i.e., First Solar's Net Income and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

0.48

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in First Solar financial statement analysis. It represents the amount of money remaining after all of First Solar operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Capital Expenditures

Capital Expenditures are funds used by First Solar to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of First Solar operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

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 11/22/2024, 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	443.4M	317.5M
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	0.6	0.46	0.74	0.39	0.91	0.48	0.6	0.92	0.6	0.95	0.48	0.48	0.74	0.74	0.61	0.42	0.54	0.51	0.39
Short Long Term Debt Total	0.35		0.19	0.55	0.05	0.15	0.58	-0.03	0.15	0.03	0.85	0.19	0.8	0.54	0.2	0.77	0.3	0.6	0.14	0.37	0.41	0.23	-0.24	-0.04	0.63	0.88
Total Stockholder Equity	0.96	0.19		0.53	-0.69	0.83	0.72	0.67	0.45	0.81	0.22	0.97	0.33	0.54	0.96	0.44	0.92	0.42	0.36	0.6	0.78	0.52	0.53	0.65	0.36	0.24
Property Plant And Equipment Net	0.57	0.55	0.53		-0.43	0.41	0.9	-0.05	-0.15	0.34	0.68	0.5	0.82	0.87	0.43	0.79	0.44	0.97	0.01	0.35	0.87	0.27	0.04	0.24	0.76	0.28
Net Debt	-0.6	0.05	-0.69	-0.43		-0.9	-0.52	-0.52	-0.15	-0.86	-0.08	-0.74	-0.29	-0.36	-0.69	-0.33	-0.68	-0.4	-0.27	-0.26	-0.68	-0.12	-0.48	-0.4	-0.35	0.14
Cash	0.8	0.15	0.83	0.41	-0.9		0.53	0.58	0.27	0.92	0.16	0.84	0.34	0.32	0.82	0.39	0.86	0.35	0.36	0.43	0.63	0.24	0.5	0.42	0.37	0.21
Non Current Assets Total	0.75	0.58	0.72	0.9	-0.52	0.53		0.33	0.28	0.45	0.71	0.69	0.81	0.93	0.66	0.85	0.63	0.87	0.24	0.55	0.95	0.51	0.1	0.43	0.78	0.32
Non Currrent Assets Other	0.6	-0.03	0.67	-0.05	-0.52	0.58	0.33		0.79	0.57	0.04	0.68	-0.03	0.21	0.73	0.17	0.69	-0.07	0.61	0.55	0.39	0.41	0.4	0.49	-0.01	0.01
Other Assets	0.46	0.15	0.45	-0.15	-0.15	0.27	0.28	0.79		0.24	0.13	0.46	0.05	0.18	0.55	0.21	0.47	-0.19	0.57	0.52	0.19	0.63	0.14	0.49	0.12	0.2
Cash And Short Term Investments	0.74	0.03	0.81	0.34	-0.86	0.92	0.45	0.57	0.24		-0.01	0.87	0.2	0.21	0.84	0.27	0.84	0.25	0.33	0.38	0.58	0.33	0.8	0.59	0.28	0.12
Net Receivables	0.39	0.85	0.22	0.68	-0.08	0.16	0.71	0.04	0.13	-0.01		0.17	0.92	0.76	0.18	0.91	0.33	0.77	0.28	0.46	0.58	0.28	-0.35	-0.13	0.79	0.56
Common Stock Shares Outstanding	0.91	0.19	0.97	0.5	-0.74	0.84	0.69	0.68	0.46	0.87	0.17		0.3	0.49	0.99	0.42	0.91	0.38	0.39	0.57	0.76	0.49	0.63	0.74	0.33	0.24
Non Current Liabilities Total	0.48	0.8	0.33	0.82	-0.29	0.34	0.81	-0.03	0.05	0.2	0.92	0.3		0.79	0.28	0.95	0.41	0.87	0.16	0.41	0.7	0.34	-0.16	0.0	0.94	0.52
Inventory	0.6	0.54	0.54	0.87	-0.36	0.32	0.93	0.21	0.18	0.21	0.76	0.49	0.79		0.46	0.84	0.46	0.88	0.22	0.52	0.86	0.42	-0.13	0.22	0.76	0.2
Other Stockholder Equity	0.92	0.2	0.96	0.43	-0.69	0.82	0.66	0.73	0.55	0.84	0.18	0.99	0.28	0.46		0.43	0.93	0.31	0.51	0.66	0.7	0.56	0.6	0.7	0.32	0.27
Total Liab	0.6	0.77	0.44	0.79	-0.33	0.39	0.85	0.17	0.21	0.27	0.91	0.42	0.95	0.84	0.43		0.55	0.83	0.43	0.66	0.72	0.48	-0.08	0.09	0.92	0.49
Total Current Assets	0.95	0.3	0.92	0.44	-0.68	0.86	0.63	0.69	0.47	0.84	0.33	0.91	0.41	0.46	0.93	0.55		0.36	0.59	0.74	0.66	0.53	0.54	0.48	0.45	0.36
Property Plant And Equipment Gross	0.48	0.6	0.42	0.97	-0.4	0.35	0.87	-0.07	-0.19	0.25	0.77	0.38	0.87	0.88	0.31	0.83	0.36		0.0	0.3	0.84	0.17	-0.1	0.09	0.79	0.26
Other Current Liab	0.48	0.14	0.36	0.01	-0.27	0.36	0.24	0.61	0.57	0.33	0.28	0.39	0.16	0.22	0.51	0.43	0.59	0.0		0.87	0.14	0.51	0.2	0.2	0.24	0.13
Total Current Liabilities	0.74	0.37	0.6	0.35	-0.26	0.43	0.55	0.55	0.52	0.38	0.46	0.57	0.41	0.52	0.66	0.66	0.74	0.3	0.87		0.41	0.67	0.19	0.26	0.46	0.34
Retained Earnings	0.74	0.41	0.78	0.87	-0.68	0.63	0.95	0.39	0.19	0.58	0.58	0.76	0.7	0.86	0.7	0.72	0.66	0.84	0.14	0.41		0.37	0.24	0.45	0.66	0.16
Accounts Payable	0.61	0.23	0.52	0.27	-0.12	0.24	0.51	0.41	0.63	0.33	0.28	0.49	0.34	0.42	0.56	0.48	0.53	0.17	0.51	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	0.4	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		0.65	-0.04	-0.04
Other Current Assets	0.54	-0.04	0.65	0.24	-0.4	0.42	0.43	0.49	0.49	0.59	-0.13	0.74	0.0	0.22	0.7	0.09	0.48	0.09	0.2	0.26	0.45	0.5	0.65		0.08	0.04
Other Liab	0.51	0.63	0.36	0.76	-0.35	0.37	0.78	-0.01	0.12	0.28	0.79	0.33	0.94	0.76	0.32	0.92	0.45	0.79	0.24	0.46	0.66	0.5	-0.04	0.08		0.36
Long Term Debt	0.39	0.88	0.24	0.28	0.14	0.21	0.32	0.01	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	0.04	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	994.6M	728.1M
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	405.1M	310.4M	394.8M	529.9M	413.0M
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	308.6M	242.7M	233.9M	112.6M	154.2M
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	55.5M	16.7M	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

Pair Trading with First Solar

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Solar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Solar will appreciate offsetting losses from the drop in the long position's value.

Moving together with First Stock

0.65	VECO	Veeco Instruments	Pair Corr
0.64	ICG	Intchains Group	Pair Corr
0.73	TER	Teradyne	Pair Corr

Moving against First Stock

0.7	CSCO	Cisco Systems	Pair Corr
0.69	CWAN	Clearwater Analytics	Pair Corr
0.67	EHGO	Eshallgo Class A	Pair Corr
0.51	IPGP	IPG Photonics	Pair Corr
0.48	KLIC	Kulicke and Soffa	Pair Corr

The ability to find closely correlated positions to First Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Solar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Solar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Solar to buy it.

The correlation of First Solar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Solar moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for First Solar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for First Stock Analysis

When running First Solar's price analysis, check to measure First Solar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Solar is operating at the current time. Most of First Solar's value examination focuses on studying past and present price action to predict the probability of First Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Solar's price. Additionally, you may evaluate how the addition of First Solar to your portfolios can decrease your overall portfolio volatility.

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