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
CSI Solar (SHSE:688472) Might Be Having Difficulty Using Its Capital Effectively
Dec 12Cautious 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 19:46 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
CSI Solar Co., Ltd. is covered by 11 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Xianfan Chen | China International Capital Corporation Limited |
| Yufei Miao | China International Capital Corporation Limited |
| Pengwei Hua | Citic Securities Co., Ltd. |