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 ratio9.5x
CashUS$1.94b
EquityUS$3.71b
Total liabilitiesUS$8.19b
Total assetsUS$11.90b

Recent financial health updates

No updates

Recent updates

Impressive Earnings May Not Tell The Whole Story For Canadian Solar (NASDAQ:CSIQ)

Mar 21
Impressive Earnings May Not Tell The Whole Story For Canadian Solar (NASDAQ:CSIQ)

At US$19.66, Is Canadian Solar Inc. (NASDAQ:CSIQ) Worth Looking At Closely?

Mar 06
At US$19.66, Is Canadian Solar Inc. (NASDAQ:CSIQ) Worth Looking At Closely?

Canadian Solar: An Undervalued Canadian Company With International Operations

Feb 23

Is Canadian Solar Inc. (NASDAQ:CSIQ) Worth US$22.1 Based On Its Intrinsic Value?

Feb 09
Is Canadian Solar Inc. (NASDAQ:CSIQ) Worth US$22.1 Based On Its Intrinsic Value?

Canadian Solar: Too Cheap To Ignore

Jan 25

Is It Too Late To Consider Buying Canadian Solar Inc. (NASDAQ:CSIQ)?

Oct 04
Is It Too Late To Consider Buying Canadian Solar Inc. (NASDAQ:CSIQ)?

Canadian Solar (NASDAQ:CSIQ) May Have Issues Allocating Its Capital

Aug 12
Canadian Solar (NASDAQ:CSIQ) May Have Issues Allocating Its Capital

An Intrinsic Calculation For Canadian Solar Inc. (NASDAQ:CSIQ) Suggests It's 27% Undervalued

Jul 13
An Intrinsic Calculation For Canadian Solar Inc. (NASDAQ:CSIQ) Suggests It's 27% Undervalued

Is It Too Late To Consider Buying Canadian Solar Inc. (NASDAQ:CSIQ)?

Jun 12
Is It Too Late To Consider Buying Canadian Solar Inc. (NASDAQ:CSIQ)?

Canadian Solar's (NASDAQ:CSIQ) Returns Have Hit A Wall

May 12
Canadian Solar's (NASDAQ:CSIQ) Returns Have Hit A Wall

Why Canadian Solar Inc. (NASDAQ:CSIQ) Could Be Worth Watching

Jan 26
Why Canadian Solar Inc. (NASDAQ:CSIQ) Could Be Worth Watching

Canadian Solar (NASDAQ:CSIQ) Is Looking To Continue Growing Its Returns On Capital

Jan 05
Canadian Solar (NASDAQ:CSIQ) Is Looking To Continue Growing Its Returns On Capital

Is There Now An Opportunity In Canadian Solar Inc. (NASDAQ:CSIQ)?

Oct 16
Is There Now An Opportunity In Canadian Solar Inc. (NASDAQ:CSIQ)?

Canadian Solar (NASDAQ:CSIQ) Might Have The Makings Of A Multi-Bagger

Sep 25
Canadian Solar (NASDAQ:CSIQ) Might Have The Makings Of A Multi-Bagger

Canadian Solar: Outstanding Quarter With A $369 Billion Biden Tailwind

Aug 24

Canadian Solar Q2 2022 Earnings Preview

Aug 17

Canadian Solar: Solid Valuation Ahead Of Q2 Results

Aug 07

At US$29.31, Is Canadian Solar Inc. (NASDAQ:CSIQ) Worth Looking At Closely?

Jul 14
At US$29.31, Is Canadian Solar Inc. (NASDAQ:CSIQ) Worth Looking At Closely?

We Like These Underlying Return On Capital Trends At Canadian Solar (NASDAQ:CSIQ)

Jun 26
We Like These Underlying Return On Capital Trends At Canadian Solar (NASDAQ:CSIQ)

Canadian Solar: Underappreciated Solar Opportunity?

Apr 12

Should You Think About Buying Canadian Solar Inc. (NASDAQ:CSIQ) Now?

Apr 11
Should You Think About Buying Canadian Solar Inc. (NASDAQ:CSIQ) Now?

Canadian Solar (NASDAQ:CSIQ) Shareholders Will Want The ROCE Trajectory To Continue

Mar 21
Canadian Solar (NASDAQ:CSIQ) Shareholders Will Want The ROCE Trajectory To Continue

Estimating The Fair Value Of Canadian Solar Inc. (NASDAQ:CSIQ)

Feb 06
Estimating The Fair Value Of Canadian Solar Inc. (NASDAQ:CSIQ)

Canadian Solar Is Ready To Gain Back Margins

Jan 26

Fading Canadian Solar Hopes To Fire Up Turnaround With STAR Market IPO

Dec 23

Is Now The Time To Look At Buying Canadian Solar Inc. (NASDAQ:CSIQ)?

Dec 21
Is Now The Time To Look At Buying Canadian Solar Inc. (NASDAQ:CSIQ)?

An Intrinsic Calculation For Canadian Solar Inc. (NASDAQ:CSIQ) Suggests It's 43% Undervalued

Nov 07
An Intrinsic Calculation For Canadian Solar Inc. (NASDAQ:CSIQ) Suggests It's 43% Undervalued

Canadian Solar: Overhyped And Too Expensive

Sep 14

Is It Time To Consider Buying Canadian Solar Inc. (NASDAQ:CSIQ)?

Aug 31
Is It Time To Consider Buying Canadian Solar Inc. (NASDAQ:CSIQ)?

Calculating The Fair Value Of Canadian Solar Inc. (NASDAQ:CSIQ)

Jul 01
Calculating The Fair Value Of Canadian Solar Inc. (NASDAQ:CSIQ)

Financial 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).


Balance Sheet


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