Stock Analysis on Net
Stock Analysis on Net

First Solar Inc. (NASDAQ:FSLR)

This company has been moved to the archive! The financial data has not been updated since October 29, 2024.

Analysis of Bad Debts

Microsoft Excel

Allowance for doubtful accounts receivable (bad debts) is a contra account which reduce the balance of the company gross accounts receivable. The relationship between the allowance and the balance in receivables should be relatively constant unless there is a change in the economy overall or a change in customer base.

Allowance for Doubtful Accounts Receivable

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in thousands)
Allowance for credit losses 1,614 1,042 664 3,009 1,386
Accounts receivable trade, gross 662,390 325,379 430,100 269,095 476,425
Financial Ratio
Allowance as a percentage of accounts receivable trade, gross1 0.24% 0.32% 0.15% 1.12% 0.29%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Allowance as a percentage of accounts receivable trade, gross = 100 × Allowance for credit losses ÷ Accounts receivable trade, gross
= 100 × 1,614 ÷ 662,390 = 0.24%

Financial ratio Description The company
Allowance as a percentage of accounts receivable trade, gross Allowance for doubtful accounts divided by the gross accounts receivable. First Solar Inc. allowance as a percentage of accounts receivable trade, gross increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.