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 April 27, 2023.

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, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Allowance for credit losses 1,042 664 3,009 1,386 1,362
Accounts receivable trade, gross 325,379 430,100 269,095 476,425 129,644
Financial Ratio
Allowance as a percentage of accounts receivable trade, gross1 0.32% 0.15% 1.12% 0.29% 1.05%

Based on: 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), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Allowance as a percentage of accounts receivable trade, gross = 100 × Allowance for credit losses ÷ Accounts receivable trade, gross
= 100 × 1,042 ÷ 325,379 = 0.32%

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 decreased from 2020 to 2021 but then slightly increased from 2021 to 2022.