CSI Solar Co (SHSE:688472) Debt-to-EBITDA : 82.34 (As of Jun. 2026) — 2582% Above Median

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SHSE:688472 CSI Solar Co Ltd SHSE:688472
79 GF Score
Price ¥8.35
GF Value ¥7.73
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is CSI Solar Co Debt-to-EBITDA?

CSI Solar Co SHSE:688472 -1.42% 79 Debt-to-EBITDA is 82.34 as of Jun. 2026, which is 2582% above its 10-year median of 3.07. GuruFocus rates SHSE:688472 with a GF Score™ of 79/100 and a GF Value™ of ¥7.73 (Fairly Valued). The stock has 8 warning signs investors should review. Among 745 Semiconductors companies, CSI Solar Co ranks worse than 90.2% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

CSI Solar Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ¥11,710 Mil. CSI Solar Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ¥5,575 Mil. CSI Solar Co's annualized EBITDA for the quarter that ended in Jun. 2026 was ¥210 Mil. CSI Solar Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 82.34.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

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

SHSE:688472' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.65   Med: 3.07   Max: 10.58
Current: 10.58

During the past 13 years, the highest Debt-to-EBITDA Ratio of CSI Solar Co was 10.58. The lowest was 1.65. And the median was 3.07.

SHSE:688472's Debt-to-EBITDA is ranked worse than
90.2% of 745 companies
in the Semiconductors industry
Industry Median: 1.27 vs SHSE:688472: 10.58

CSI Solar Co  (SHSE:688472) Debt-to-EBITDA Explanation

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


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


CSI Solar Co Debt-to-EBITDA Related Terms


CSI Solar Co Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for CSI Solar Co's Debt-to-EBITDA 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.

CSI Solar Co Debt-to-EBITDA Chart

CSI Solar Co Annual Data
Trend Dec15 Dec16 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 1.98 2.37 2.78 3.19

CSI Solar Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.90 17.10 9.37 5.68 82.34

SHSE:688472 vs FSLR, NXT, ENPH: Debt-to-EBITDA Comparison

For the Solar subindustry, CSI Solar Co's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.


CSI Solar Co Debt-to-EBITDA vs Semiconductors Industry

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

* The bar in red indicates where CSI Solar Co's Debt-to-EBITDA falls into.


SHSE:688472
79GF Score
CSI Solar Co Ltd SHSE:688472
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CSI Solar Co Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

CSI Solar Co's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(10011.883 + 7914.171) / 5622.729
=3.19

CSI Solar Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(11710.107 + 5575.035) / 209.92
=82.34

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 82.34 mean?
CSI Solar Co (SHSE:688472) has a Debt-to-EBITDA of 82.34 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on CSI Solar Co. This is 2582% above median its historical median of 3.07. Over the past decade, CSI Solar Co's Debt-to-EBITDA has ranged from 1.65 to 10.58. According to the industry distribution chart, CSI Solar Co ranks #672 out of 745 companies in the Semiconductors industry, placing it in the top 90.2%.
Is CSI Solar Co's Debt-to-EBITDA too high?
CSI Solar Co's current Debt-to-EBITDA of 82.34 is 2582% above median its 10-year median of 3.07. Over the past 10 years, this metric has ranged from a low of 1.65 to a high of 10.58. The Semiconductors industry median Debt-to-EBITDA is 1.27. CSI Solar Co's value of 82.34 is 6383.5% above this industry median. Based on the distribution chart, CSI Solar Co ranks #672 out of 745 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, CSI Solar Co has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CSI Solar Co's Debt-to-EBITDA compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, CSI Solar Co ranks #672 out of 745 companies for Debt-to-EBITDA. This places CSI Solar Co in the lower half of its industry. The industry median Debt-to-EBITDA is 1.27. CSI Solar Co's value of 82.34 is 6383.5% above this benchmark. Historically, CSI Solar Co's own Debt-to-EBITDA has ranged from 1.65 to 10.58 over the past decade. While the company's 10-year median is 3.07 vs. the industry median of 1.27, CSI Solar Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Semiconductors company?
The median Debt-to-EBITDA among Semiconductors companies is 1.27, based on 745 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CSI Solar Co's current Debt-to-EBITDA of 82.34 is 6383.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on CSI Solar Co. For the Semiconductors industry, the median Debt-to-EBITDA is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CSI Solar Co's current Debt-to-EBITDA is 82.34, which is 2582% above median its own 10-year median of 3.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CSI Solar Co stock overvalued right now?
Based on GuruFocus' analysis, CSI Solar Co (SHSE:688472) is currently considered Fairly Valued. The stock's GF Value™ is ¥7.73, compared to a current price of ¥8.35 — trading 8% above its estimated fair value. The current Debt-to-EBITDA is 82.34, which is 2582% above median its 10-year median of 3.07 and 6383.5% above the Semiconductors industry median of 1.27. CSI Solar Co's overall GF Score™ is 79/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For CSI Solar Co (SHSE:688472), the current Debt-to-EBITDA is 82.34 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is CSI Solar Co (SHSE:688472) Overvalued in 2026?

Based on GuruFocus' analysis, CSI Solar Co stock appears to be overvalued. The current stock price of ¥8.35 is trading 8% above its estimated GF Value™ of ¥7.73. GuruFocus considers CSI Solar Co to be Fairly Valued.

Key valuation signals for SHSE:688472:

  • Debt-to-EBITDA: 82.34 (2582% above median its 10-year median of 3.07)
  • GF Value™: ¥7.73 vs. price of ¥8.35 (8% above fair value)
  • GF Score™: 79/100 with 8 warning signs
  • Industry Position: 6383.5% above the Semiconductors median (#672 of 745)

No single metric tells the full story. See the SHSE:688472 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CSI Solar Co Business Description

Address No. 199 Lushan Road, Suzhou High-tech Zone, Jiangsu Province, Suzhou, CHN, 215129
CSI Solar is a leading Chinese solar module producer. The company's products are available in over 160 countries and regions. CSI operates a vertically integrated production process, encompassing solar wafers, cells, and module production.
79GF Score

Get the complete analysis for SHSE:688472

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥8.35
Price
¥7.73
GF Value