Canadian Solar (Canadian Solar) Equity-to-Asset

: 0.22 (As of Sep. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Canadian Solar's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $2,494 Mil. Canadian Solar's Total Assets for the quarter that ended in Sep. 2023 was $11,400 Mil. Therefore, Canadian Solar's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.22.

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

CSIQ' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.16 Med: 0.22 Max: 0.29
Current: 0.22

During the past 13 years, the highest Equity to Asset Ratio of Canadian Solar was 0.29. The lowest was 0.16. And the median was 0.22.

CSIQ's Equity-to-Asset is ranked worse than
92.02% of 1002 companies
in the Semiconductors industry
Industry Median: 0.63 vs CSIQ: 0.22

Canadian Solar Equity-to-Asset Historical Data

The historical data trend for Canadian Solar's Equity-to-Asset 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 Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

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0.25

0.26

0.24

0.22

Canadian Solar Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial															0.21	0.22	0.21	0.22	0.22

Competitive Comparison

For the Solar subindustry, Canadian Solar's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset Distribution

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

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

Canadian Solar Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

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

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	1941.639	/	9037.128
	=	0.21

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

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	2494.002	/	11400.23
	=	0.22

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

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Canadian Solar Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Canadian Solar's Equity-to-Asset 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 » Equity-to-Asset

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.