Canadian SolarMEX:CSIQN 70 Interest Coverage is 1.39 as of Mar. 2026, which is 55% below its 10-year median of 3.12. GuruFocus rates MEX:CSIQN with a GF Score™ of 70/100 and a GF Value™ of MXN260.83 (Fairly Valued). The stock has 9 warning signs investors should review. Among 638 Semiconductors companies, Canadian Solar ranks worse than 94.98% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Canadian Solar's
Operating Income
for the
three
months ended in Mar. 2026 was MXN1,314 Mil. Canadian Solar's Interest Expense for the
three
months ended in Mar. 2026 was MXN-944 Mil.
Canadian Solar's interest coverage for the quarter that ended in Mar. 2026 was 1.39.
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Canadian Solar Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.
The historical rank and industry rank for Canadian Solar's Interest Coverage or its related term are showing as below:
MEX:CSIQN'
s Interest Coverage Range Over the Past 10 Years
Min: 0.24 Med: 3.12 Max: 4.79
Current: 0.9
MEX:CSIQN's Interest Coverage is ranked worse than 94.98% of 638
companies
in the Semiconductors industry
Industry Median: 20.225
vs MEX:CSIQN: 0.90
Canadian Solar (MEX:CSIQN) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Canadian Solar Interest Coverage Related Terms
Canadian Solar Interest Coverage Historical Data
* Premium members only.
The historical data trend for Canadian Solar's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
MEX:CSIQN vs JKS, ARRY, TOYO: Interest Coverage Comparison
For the Solar subindustry, Canadian Solar's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Canadian Solar's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Canadian Solar's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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.
Canadian Solar (MEX:CSIQN) has a Interest Coverage of 1.39 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Canadian Solar and its competitors. This is 55% below median its historical median of 3.12. Over the past decade, Canadian Solar's Interest Coverage has ranged from 0.24 to 4.79. According to the industry distribution chart, Canadian Solar ranks #606 out of 638 companies in the Semiconductors industry, placing it in the top 95%.
Is Canadian Solar's Interest Coverage too high?
Canadian Solar's current Interest Coverage of 1.39 is 55% below median its 10-year median of 3.12. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 4.79. The Semiconductors industry median Interest Coverage is 20.23. Canadian Solar's value of 1.39 is 93.1% below this industry median. Based on the distribution chart, Canadian Solar ranks #606 out of 638 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Canadian Solar has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Canadian Solar's Interest Coverage compare to JKS and ARRY?
According to the Semiconductors industry distribution chart, Canadian Solar ranks #606 out of 638 companies for Interest Coverage. This places Canadian Solar in the lower half of its industry. The industry median Interest Coverage is 20.23. Canadian Solar's value of 1.39 is 93.1% below this benchmark. Historically, Canadian Solar's own Interest Coverage has ranged from 0.24 to 4.79 over the past decade. While the company's 10-year median is 3.12 vs. the industry median of 20.23, Canadian Solar has consistently been below 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 Interest Coverage for a Semiconductors company?
The median Interest Coverage among Semiconductors companies is 20.23, based on 638 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Canadian Solar's current Interest Coverage of 1.39 is 93.1% below 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Canadian Solar and its competitors. For the Semiconductors industry, the median Interest Coverage is 20.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Solar's current Interest Coverage is 1.39, which is 55% below median its own 10-year median of 3.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Solar stock overvalued right now?
Based on GuruFocus' analysis, Canadian Solar (MEX:CSIQN) is currently considered Fairly Valued. The stock's GF Value™ is MXN260.83, compared to a current price of MXN276.50 — trading 6% above its estimated fair value. The current Interest Coverage is 1.39, which is 55% below median its 10-year median of 3.12 and 93.1% below the Semiconductors industry median of 20.23. Canadian Solar's overall GF Score™ is 70/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Canadian Solar (MEX:CSIQN), the current Interest Coverage is 1.39 as of Mar. 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 Canadian Solar (MEX:CSIQN) Overvalued in 2026?
Based on GuruFocus' analysis, Canadian Solar stock appears to be overvalued.
The current stock price of MXN276.50 is trading 6% above its estimated GF Value™ of MXN260.83.
GuruFocus considers Canadian Solar to be Fairly Valued.
Key valuation signals for MEX:CSIQN:
Interest Coverage: 1.39 (55% below median its 10-year median of 3.12)
GF Value™: MXN260.83 vs. price of MXN276.50 (6% above fair value)
Industry Position: 93.1% below the Semiconductors median (#606 of 638)
No single metric tells the full story. See the MEX:CSIQN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Canadian Solar Inc is a Canadian solar technology and renewable energy company. It is a manufacturer of solar photovoltaic modules, a provider of battery energy storage solutions, and a developer of utility-scale solar power and battery energy storage projects. The company is organized in two segments: Manufacturing segment, comprising CS PowerTech, which focuses on manufacturing and sales of solar products, battery energy storage products, and other power technology products for the U.S. market and CSI Solar, which serves all other world-wide markets; and Recurrent Energy segment, which focuses on solar power and battery storage project development, asset sales, power services, and electricity revenue from its operating portfolio. It derives maximum revenue from Manufacturing segment.
70GF Score
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