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 $4.1B, which brings its debt-to-equity ratio to 112.4%. Its total assets and total liabilities are $12.4B and $8.7B respectively. Canadian Solar's EBIT is $373.9M making its interest coverage ratio 8.5. It has cash and short-term investments of $2.1B.
Key information
112.4%
Debt to equity ratio
US$4.15b
Debt
Interest coverage ratio | 8.5x |
Cash | US$2.08b |
Equity | US$3.69b |
Total liabilities | US$8.68b |
Total assets | US$12.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0XGH's short term assets ($6.2B) exceed its short term liabilities ($6.0B).
Long Term Liabilities: 0XGH's short term assets ($6.2B) exceed its long term liabilities ($2.6B).
Debt to Equity History and Analysis
Debt Level: 0XGH's net debt to equity ratio (56.1%) is considered high.
Reducing Debt: 0XGH's debt to equity ratio has reduced from 140.3% to 112.4% over the past 5 years.
Debt Coverage: 0XGH's debt is not well covered by operating cash flow (8.3%).
Interest Coverage: 0XGH's interest payments on its debt are well covered by EBIT (8.5x coverage).