Canadian Solar Financials

CSIQ Stock  USD 22.15  0.28  1.25%   
Based on the analysis of Canadian Solar's profitability, liquidity, and operating efficiency, Canadian Solar may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, Canadian Solar's Cash And Short Term Investments are relatively stable compared to the past year. As of 01/27/2026, Net Receivables is likely to grow to about 1.8 B, though Accumulated Other Comprehensive Income is likely to grow to (167.9 M).
 
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Canadian Solar Balance Sheet Chart

At this time, Canadian Solar's Cash And Short Term Investments are relatively stable compared to the past year. As of 01/27/2026, Net Receivables is likely to grow to about 1.8 B, though Accumulated Other Comprehensive Income is likely to grow to (167.9 M).
Key indicators impacting Canadian Solar's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio1.391.89
Way Down
Slightly volatile
Current Ratio1.821.12
Way Up
Very volatile
Investors should never underestimate Canadian Solar's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Canadian Solar's cash flow, debt, and profitability to make informed and accurate decisions about investing in Canadian Solar.

Net Income

75.72 Million

  
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Understanding current and past Canadian Solar Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Canadian Solar's financial statements are interrelated, with each one affecting the others. For example, an increase in Canadian Solar's assets may result in an increase in income on the income statement.

Canadian Solar Stock Summary

Canadian Solar competes with Terrestrial Energy, Array Technologies, SolarEdge Technologies, Ramaco Resources, and Shoals Technologies. Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power and battery storage products in Asia, the Americas, Europe, and internationally. The company was incorporated in 2001 and is headquartered in Guelph, Canada. Canadian Solar operates under Solar classification in the United States and is traded on NASDAQ Exchange. It employs 13535 people.
Specialization
Information Technology, Semiconductors & Semiconductor Equipment
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINCA1366351098
Business Address4273 King Street
SectorSemiconductors & Semiconductor Equipment
IndustryInformation Technology
BenchmarkDow Jones Industrial
Websitewww.canadiansolar.com
Phone519 837 1881
CurrencyUSD - US Dollar

Canadian Solar Key Financial Ratios

Canadian Solar Key Balance Sheet Accounts

202120222023202420252026 (projected)
Total Assets7.4B9.0B11.9B13.5B15.5B16.3B
Net Debt2.4B3.1B2.5B3.7B4.2B4.4B
Cash869.8M981.4M1.9B2.3B2.6B2.7B
Other Assets882.3M963.0M(280.8M)1.01.151.09
Net Receivables887.5M1.2B1.2B1.5B1.7B1.8B
Inventory1.2B1.5B1.2B1.2B1.4B1.5B
Other Current Assets1.8B1.9B1.8B575.1M661.4M754.1M
Total Liab5.3B6.7B8.2B9.4B10.8B11.3B
Total Current Assets4.8B5.6B6.1B5.5B6.4B6.7B
Other Current Liab913.4M1.2B2.0B1.4B1.6B1.7B
Retained Earnings1.0B1.3B1.5B1.6B1.8B1.9B
Accounts Payable503.0M805.3M813.7M1.1B1.2B1.3B
Other Liab295.0M370.8M452.2M360.6M414.6M435.4M
Long Term Debt748.3M1.0B1.7B2.9B3.3B3.5B
Short Term Debt2.5B2.9B2.7B3.0B3.5B3.6B
Intangible Assets19.0M17.5M19.7M31.0M35.7M40.3M
Net Tangible Assets1.3B1.5B1.7B1.9B2.2B1.2B
Short Long Term Debt2.5B2.9B2.7B2.7B3.2B2.0B

Canadian Solar Key Income Statement Accounts

The reason investors look at the income statement is to determine what Canadian Solar's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
202120222023202420252026 (projected)
Interest Expense58.2M74.3M114.1M137.5M158.1M166.0M
Total Revenue5.3B7.5B7.6B6.0B6.9B7.2B
Gross Profit909.3M1.3B1.3B999.3M1.1B1.2B
Operating Income190.4M356.1M453.3M(30.1M)(34.6M)(32.9M)
Ebit196.6M430.7M522.6M55.2M63.4M60.3M
Ebitda479.4M675.2M829.7M556.6M640.1M672.1M
Cost Of Revenue4.4B6.2B6.3B5.0B5.7B6.0B
Income Before Tax145.7M371.9M423.1M(94.4M)(108.6M)(103.2M)
Net Income95.2M240.0M274.2M36.1M41.5M75.7M
Income Tax Expense35.8M73.4M59.5M(16.6M)(19.1M)(18.1M)
Research Development58.4M69.8M100.8M120.8M138.9M145.9M
Minority Interest(14.6M)(58.6M)(112.3M)113.9M131.0M137.5M
Tax Provision35.8M73.4M86.0M(16.6M)(14.9M)(14.2M)
Interest Income11.1M40.6M45.3M88.5M101.7M106.8M
Net Interest Income(47.1M)(33.7M)(55.8M)(49.0M)(56.3M)(59.2M)

Canadian Solar Key Cash Accounts

202120222023202420252026 (projected)
Change To Inventory(518.7M)(406.3M)182.8M(312.5M)(281.3M)(267.2M)
Change In Cash(205.4M)535.2M976.9M(682.4M)(784.8M)(745.5M)
Free Cash Flow(837.8M)288.6M(840.8M)(2.8B)(2.5B)(2.4B)
Depreciation282.8M234.6M307.0M501.4M576.7M605.5M
Other Non Cash Items83.6M72.1M166.3M419.9M482.9M507.0M
Capital Expenditures429.5M628.0M1.5B1.9B2.2B2.3B
Net Income109.9M298.6M363.6M(77.9M)(89.5M)(85.1M)
End Period Cash Flow1.4B2.0B2.9B2.3B2.6B2.7B
Change To Netincome60.9M42.6M67.1M193.0M222.0M233.1M
Investments(37.0M)(630.5M)(1.4B)(2.0B)(1.8B)(1.7B)
Net Borrowings472.9M443.1M1.0B1.7B1.9B2.0B

Canadian Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Canadian Solar's current stock value. Our valuation model uses many indicators to compare Canadian Solar value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Canadian Solar competition to find correlations between indicators driving Canadian Solar's intrinsic value. More Info.
Canadian Solar is number one stock in return on equity category among its peers. It also is number one stock in return on asset category among its peers . At this time, Canadian Solar's Return On Equity is relatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Canadian Solar by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.
Most indicators from Canadian Solar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canadian Solar current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Solar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
To learn how to invest in Canadian Stock, please use our How to Invest in Canadian Solar guide.As of 01/27/2026, Enterprise Value is likely to grow to about 4 B, while Selling General Administrative is likely to drop slightly above 323.7 M.
 2023 2024 2025 2026 (projected)
Gross Profit1.3B999.3M1.1B1.2B
Total Revenue7.6B6.0B6.9B7.2B

Canadian Solar fundamental ratios Correlations

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Click cells to compare fundamentals

Canadian Solar Account Relationship Matchups

Canadian Solar fundamental ratios Accounts

202120222023202420252026 (projected)
Total Assets7.4B9.0B11.9B13.5B15.5B16.3B
Net Debt2.4B3.1B2.5B3.7B4.2B4.4B
Cash869.8M981.4M1.9B2.3B2.6B2.7B
Other Assets882.3M963.0M(280.8M)1.01.151.09
Net Receivables887.5M1.2B1.2B1.5B1.7B1.8B
Inventory1.2B1.5B1.2B1.2B1.4B1.5B
Other Current Assets1.8B1.9B1.8B575.1M661.4M754.1M
Total Liab5.3B6.7B8.2B9.4B10.8B11.3B
Total Current Assets4.8B5.6B6.1B5.5B6.4B6.7B
Other Current Liab913.4M1.2B2.0B1.4B1.6B1.7B
Retained Earnings1.0B1.3B1.5B1.6B1.8B1.9B
Accounts Payable503.0M805.3M813.7M1.1B1.2B1.3B
Other Liab295.0M370.8M452.2M360.6M414.6M435.4M
Long Term Debt748.3M1.0B1.7B2.9B3.3B3.5B
Short Term Debt2.5B2.9B2.7B3.0B3.5B3.6B
Intangible Assets19.0M17.5M19.7M31.0M35.7M40.3M
Net Tangible Assets1.3B1.5B1.7B1.9B2.2B1.2B
Short Long Term Debt2.5B2.9B2.7B2.7B3.2B2.0B
Today, most investors in Canadian Solar Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Canadian Solar's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Canadian Solar growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.26)

At this time, Canadian Solar's Price Earnings To Growth Ratio is relatively stable compared to the past year.

Canadian Solar January 27, 2026 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Canadian Solar help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Canadian Solar. We use our internally-developed statistical techniques to arrive at the intrinsic value of Canadian Solar based on widely used predictive technical indicators. In general, we focus on analyzing Canadian Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Canadian Solar's daily price indicators and compare them against related drivers.

Additional Tools for Canadian Stock Analysis

When running Canadian Solar's price analysis, check to measure Canadian Solar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canadian Solar is operating at the current time. Most of Canadian Solar's value examination focuses on studying past and present price action to predict the probability of Canadian Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Solar's price. Additionally, you may evaluate how the addition of Canadian Solar to your portfolios can decrease your overall portfolio volatility.