CSI Solar Balance Sheet Health
Financial Health criteria checks 6/6
CSI Solar has a total shareholder equity of CN¥22.0B and total debt of CN¥15.0B, which brings its debt-to-equity ratio to 68%. Its total assets and total liabilities are CN¥67.6B and CN¥45.6B respectively. CSI Solar's EBIT is CN¥2.9B making its interest coverage ratio 15.7. It has cash and short-term investments of CN¥18.8B.
Key information
68.0%
Debt to equity ratio
CN¥14.95b
Debt
| Interest coverage ratio | 15.7x |
| Cash | CN¥18.80b |
| Equity | CN¥21.99b |
| Total liabilities | CN¥45.59b |
| Total assets | CN¥67.58b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: 688472's short term assets (CN¥40.1B) exceed its short term liabilities (CN¥36.3B).
Long Term Liabilities: 688472's short term assets (CN¥40.1B) exceed its long term liabilities (CN¥9.3B).
Debt to Equity History and Analysis
Debt Level: 688472 has more cash than its total debt.
Reducing Debt: 688472's debt to equity ratio has reduced from 152.6% to 68% over the past 5 years.
Debt Coverage: 688472's debt is well covered by operating cash flow (55.7%).
Interest Coverage: 688472's interest payments on its debt are well covered by EBIT (15.7x coverage).