Canadian Solar Balance Sheet Health
Financial Health criteria checks 4/6
Canadian Solar has a total shareholder equity of $3.9B and total debt of $4.0B, which brings its debt-to-equity ratio to 104.5%. Its total assets and total liabilities are $12.1B and $8.3B respectively. Canadian Solar's EBIT is $197.4M making its interest coverage ratio 4.5. It has cash and short-term investments of $1.6B.
Key information
104.5%
Debt to equity ratio
US$4.03b
Debt
| Interest coverage ratio | 4.5x |
| Cash | US$1.62b |
| Equity | US$3.86b |
| Total liabilities | US$8.28b |
| Total assets | US$12.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0XGH's short term assets ($5.8B) exceed its short term liabilities ($5.6B).
Long Term Liabilities: 0XGH's short term assets ($5.8B) exceed its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: 0XGH's net debt to equity ratio (62.6%) is considered high.
Reducing Debt: 0XGH's debt to equity ratio has reduced from 130.2% to 104.5% over the past 5 years.
Debt Coverage: 0XGH's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 0XGH's interest payments on its debt are well covered by EBIT (4.5x coverage).