Canadian Solar (LTS:0XGH) Debt-to-Asset : 0.43 (As of Sep. 2024)

View and export this data going back to 2014. Start your Free Trial

What is Canadian Solar Debt-to-Asset?

Canadian Solar's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $3,134 Mil. Canadian Solar's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2,839 Mil. Canadian Solar's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $13,780 Mil. Canadian Solar's debt to asset for the quarter that ended in Sep. 2024 was 0.43.

Canadian Solar Debt-to-Asset Historical Data

The historical data trend for Canadian Solar's Debt-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 Debt-to-Asset Chart

Canadian Solar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

Get a 7-Day Free Trial

0.44

0.43

0.44

0.45

0.38

Canadian Solar Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.40	0.38	0.42	0.41	0.43

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

For the Solar subindustry, Canadian Solar's Debt-to-Asset, along with its competitors' market caps and Debt-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's Debt-to-Asset Distribution in the Semiconductors Industry

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

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

Canadian Solar Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Canadian Solar's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2703.687	+	1771.844)	/	11895.76
	=	0.38

Canadian Solar's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(3133.885	+	2838.744)	/	13779.988
	=	0.43

Canadian Solar (LTS:0XGH) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Canadian Solar Debt-to-Asset Related Terms

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

Canadian Solar Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Canadian Solar Inc (LTS:0XGH) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

CSIQ:USA 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 Recurrent Energy segment. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products. Its Recurrent 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.

Canadian Solar Headlines

No Headlines