Canadian Solar (Canadian Solar) Debt-to-Equity : 1.82 (As of Sep. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Canadian Solar Debt-to-Equity?

Canadian Solar's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $2,990 Mil. Canadian Solar's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1,545 Mil. Canadian Solar's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $2,494 Mil. Canadian Solar's debt to equity for the quarter that ended in Sep. 2023 was 1.82.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Canadian Solar's Debt-to-Equity or its related term are showing as below:

CSIQ' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.51 Med: 2.04 Max: 3.3
Current: 1.82

During the past 13 years, the highest Debt-to-Equity Ratio of Canadian Solar was 3.30. The lowest was 1.51. And the median was 2.04.

CSIQ's Debt-to-Equity is ranked worse than
94.22% of 883 companies
in the Semiconductors industry
Industry Median: 0.26 vs CSIQ: 1.82

Canadian Solar Debt-to-Equity Historical Data

The historical data trend for Canadian Solar's Debt-to-Equity 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.

* Premium members only.

Canadian Solar Debt-to-Equity Chart

Canadian Solar Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

1.78

1.74

1.79

1.81

2.07

Canadian Solar Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															2.23	2.07	2.22	2.01	1.82

Competitive Comparison of Canadian Solar's Debt-to-Equity

For the Solar subindustry, Canadian Solar's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Canadian Solar's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Canadian Solar's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Canadian Solar's Debt-to-Equity falls into.

Canadian Solar Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Canadian Solar's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2947.025	+	1065.097)	/	1941.639
	=	2.07

Canadian Solar's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2989.909	+	1545.034)	/	2494.002
	=	1.82

Canadian Solar (NAS:CSIQ) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Canadian Solar Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Canadian Solar's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Canadian Solar (Canadian Solar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Canadian Solar Inc (NAS:CSIQ) » Definitions » Debt-to-Equity

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.