CSI Solar Balance Sheet Health
Financial Health criteria checks 6/6
CSI Solar has a total shareholder equity of CN¥22.8B and total debt of CN¥17.0B, which brings its debt-to-equity ratio to 74.6%. Its total assets and total liabilities are CN¥66.8B and CN¥44.1B respectively. CSI Solar's EBIT is CN¥2.6B making its interest coverage ratio 17.6. It has cash and short-term investments of CN¥16.0B.
Key information
74.6%
Debt to equity ratio
CN¥16.99b
Debt
| Interest coverage ratio | 17.6x |
| Cash | CN¥15.97b |
| Equity | CN¥22.76b |
| Total liabilities | CN¥44.07b |
| Total assets | CN¥66.83b |
Recent financial health updates
CSI Solar (SHSE:688472) Takes On Some Risk With Its Use Of Debt
Oct 27
Does CSI Solar (SHSE:688472) Have A Healthy Balance Sheet?
Jul 03Recent updates
Cautious Investors Not Rewarding CSI Solar Co., Ltd.'s (SHSE:688472) Performance Completely
Nov 21CSI Solar (SHSE:688472) Takes On Some Risk With Its Use Of Debt
Oct 27We Think You Can Look Beyond CSI Solar's (SHSE:688472) Lackluster Earnings
Sep 03CSI Solar (SHSE:688472) Is Reinvesting At Lower Rates Of Return
Aug 26Does CSI Solar (SHSE:688472) Have A Healthy Balance Sheet?
Jul 03Analyst Forecasts Just Became More Bearish On CSI Solar Co., Ltd. (SHSE:688472)
May 01Financial Position Analysis
Short Term Liabilities: 688472's short term assets (CN¥38.1B) exceed its short term liabilities (CN¥34.1B).
Long Term Liabilities: 688472's short term assets (CN¥38.1B) exceed its long term liabilities (CN¥10.0B).
Debt to Equity History and Analysis
Debt Level: 688472's net debt to equity ratio (4.5%) is considered satisfactory.
Reducing Debt: 688472's debt to equity ratio has reduced from 121.6% to 74.6% over the past 5 years.
Debt Coverage: 688472's debt is well covered by operating cash flow (30.1%).
Interest Coverage: 688472's interest payments on its debt are well covered by EBIT (17.6x coverage).