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 $453.3M making its interest coverage ratio 9.5. It has cash and short-term investments of $1.9B.
Key information
93.4%
Debt to equity ratio
US$3.46b
Debt
Interest coverage ratio | 9.5x |
Cash | US$1.94b |
Equity | US$3.71b |
Total liabilities | US$8.19b |
Total assets | US$11.90b |
Recent financial health updates
No updates
Recent updates
Impressive Earnings May Not Tell The Whole Story For Canadian Solar (NASDAQ:CSIQ)
Mar 21At US$19.66, Is Canadian Solar Inc. (NASDAQ:CSIQ) Worth Looking At Closely?
Mar 06Canadian Solar: An Undervalued Canadian Company With International Operations
Feb 23Is Canadian Solar Inc. (NASDAQ:CSIQ) Worth US$22.1 Based On Its Intrinsic Value?
Feb 09Canadian Solar: Too Cheap To Ignore
Jan 25Is It Too Late To Consider Buying Canadian Solar Inc. (NASDAQ:CSIQ)?
Oct 04Canadian Solar (NASDAQ:CSIQ) May Have Issues Allocating Its Capital
Aug 12An Intrinsic Calculation For Canadian Solar Inc. (NASDAQ:CSIQ) Suggests It's 27% Undervalued
Jul 13Is It Too Late To Consider Buying Canadian Solar Inc. (NASDAQ:CSIQ)?
Jun 12Canadian Solar's (NASDAQ:CSIQ) Returns Have Hit A Wall
May 12Why Canadian Solar Inc. (NASDAQ:CSIQ) Could Be Worth Watching
Jan 26Canadian Solar (NASDAQ:CSIQ) Is Looking To Continue Growing Its Returns On Capital
Jan 05Is There Now An Opportunity In Canadian Solar Inc. (NASDAQ:CSIQ)?
Oct 16Canadian Solar (NASDAQ:CSIQ) Might Have The Makings Of A Multi-Bagger
Sep 25Canadian Solar: Outstanding Quarter With A $369 Billion Biden Tailwind
Aug 24Canadian Solar Q2 2022 Earnings Preview
Aug 17Canadian Solar: Solid Valuation Ahead Of Q2 Results
Aug 07At US$29.31, Is Canadian Solar Inc. (NASDAQ:CSIQ) Worth Looking At Closely?
Jul 14We Like These Underlying Return On Capital Trends At Canadian Solar (NASDAQ:CSIQ)
Jun 26Canadian Solar: Underappreciated Solar Opportunity?
Apr 12Should You Think About Buying Canadian Solar Inc. (NASDAQ:CSIQ) Now?
Apr 11Canadian Solar (NASDAQ:CSIQ) Shareholders Will Want The ROCE Trajectory To Continue
Mar 21Estimating The Fair Value Of Canadian Solar Inc. (NASDAQ:CSIQ)
Feb 06Canadian Solar Is Ready To Gain Back Margins
Jan 26Fading Canadian Solar Hopes To Fire Up Turnaround With STAR Market IPO
Dec 23Is Now The Time To Look At Buying Canadian Solar Inc. (NASDAQ:CSIQ)?
Dec 21An Intrinsic Calculation For Canadian Solar Inc. (NASDAQ:CSIQ) Suggests It's 43% Undervalued
Nov 07Canadian Solar: Overhyped And Too Expensive
Sep 14Is It Time To Consider Buying Canadian Solar Inc. (NASDAQ:CSIQ)?
Aug 31Calculating The Fair Value Of Canadian Solar Inc. (NASDAQ:CSIQ)
Jul 01Financial Position Analysis
Short Term Liabilities: CSIQ's short term assets ($6.1B) exceed its short term liabilities ($5.9B).
Long Term Liabilities: CSIQ's short term assets ($6.1B) exceed its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: CSIQ's net debt to equity ratio (41.1%) is considered high.
Reducing Debt: CSIQ's debt to equity ratio has reduced from 142.6% to 93.4% over the past 5 years.
Debt Coverage: CSIQ's debt is not well covered by operating cash flow (19.8%).
Interest Coverage: CSIQ's interest payments on its debt are well covered by EBIT (9.5x coverage).