Canadian Solar (Canadian Solar) Cash And Cash Equivalents : $1,939 Mil (As of Dec. 2023)

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What is Canadian Solar Cash And Cash Equivalents?

Canadian Solar's quarterly cash and cash equivalents declined from Jun. 2023 ($2,011.43 Mil) to Sep. 2023 ($1,921.07 Mil) but then increased from Sep. 2023 ($1,921.07 Mil) to Dec. 2023 ($1,938.69 Mil).

Canadian Solar's annual cash and cash equivalents increased from Dec. 2021 ($869.83 Mil) to Dec. 2022 ($981.43 Mil) and increased from Dec. 2022 ($981.43 Mil) to Dec. 2023 ($1,938.69 Mil).

Canadian Solar Cash And Cash Equivalents Historical Data

The historical data trend for Canadian Solar's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Canadian Solar Cash And Cash Equivalents Chart

Canadian Solar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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668.77

1,178.75

869.83

981.43

1,938.69

Canadian Solar Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															981.43	848.04	2,011.43	1,921.07	1,938.69

Canadian Solar Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Canadian Solar (NAS:CSIQ) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Canadian Solar Cash And Cash Equivalents Related Terms

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Canadian Solar (Canadian Solar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Canadian Solar Inc (NAS:CSIQ) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

CSIQ:Mexico L5A:Germany L5A:Germany

Address

545 Speedvale Avenue West, Guelph, ON, CAN, N1K 1E6

Website

https://www.canadiansolar.com

Canadian Solar Inc is a Canadian solar power company. It is an integrated provider of solar power products, services, and system solutions. The company engages in designing, developing and manufacturing solar ingots, wafers, cells, modules and other solar power products. It operates through two business segments CSI Solar and Global Energy segment. The CSI Solar segment design, develop and manufacture solar ingots, wafers, cells, modules and other solar power and battery storage products. Its Energy segment primarily comprises solar and battery storage project development and sale, O&M and asset management services for operational projects, sale of electricity, and investment in retained assets.