Canadian Solar Balance Sheet Health
Financial Health criteria checks 4/6
Canadian Solar has a total shareholder equity of $3.7B and total debt of $3.5B, which brings its debt-to-equity ratio to 93.4%. Its total assets and total liabilities are $11.9B and $8.2B respectively. Canadian Solar's EBIT is $470.4M making its interest coverage ratio 9.8. It has cash and short-term investments of $2.0B.
Key information
93.4%
Debt to equity ratio
US$3.46b
Debt
Interest coverage ratio | 9.8x |
Cash | US$1.96b |
Equity | US$3.71b |
Total liabilities | US$8.19b |
Total assets | US$11.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: L5A's short term assets ($6.1B) exceed its short term liabilities ($5.9B).
Long Term Liabilities: L5A's short term assets ($6.1B) exceed its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: L5A's net debt to equity ratio (40.6%) is considered high.
Reducing Debt: L5A's debt to equity ratio has reduced from 142.6% to 93.4% over the past 5 years.
Debt Coverage: L5A's debt is not well covered by operating cash flow (19.8%).
Interest Coverage: L5A's interest payments on its debt are well covered by EBIT (9.8x coverage).