CSI Solar Co (SHSE:688472) Interest Coverage: 8.43 (As of Mar. 2026) — Near Median

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SHSE:688472 CSI Solar Co Ltd SHSE:688472
83 GF Score
Price ¥9.30
GF Value ¥9.09
Valuation Fairly Valued
! 7 Warning Signs
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What is CSI Solar Co Interest Coverage?

CSI Solar Co SHSE:688472 -5.30% 83 Interest Coverage is 8.43 as of Mar. 2026, which is 4% above its 10-year median of 8.09. GuruFocus rates SHSE:688472 with a GF Score™ of 83/100 and a GF Value™ of ¥9.09 (Fairly Valued). The stock has 7 warning signs investors should review. Among 639 Semiconductors companies, CSI Solar Co ranks worse than 78.72% 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. CSI Solar Co's Operating Income for the three months ended in Mar. 2026 was ¥867 Mil. CSI Solar Co's Interest Expense for the three months ended in Mar. 2026 was ¥-103 Mil. CSI Solar Co's interest coverage for the quarter that ended in Mar. 2026 was 8.43. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for CSI Solar Co's Interest Coverage or its related term are showing as below:

SHSE:688472' s Interest Coverage Range Over the Past 10 Years
Min: 3.43   Med: 8.09   Max: 107.43
Current: 4.67


SHSE:688472's Interest Coverage is ranked worse than
78.72% of 639 companies
in the Semiconductors industry
Industry Median: 20.32 vs SHSE:688472: 4.67

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


CSI Solar Co  (SHSE:688472) 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 .


CSI Solar Co Interest Coverage Related Terms


CSI Solar Co Interest Coverage Historical Data

* Premium members only.

The historical data trend for CSI Solar Co'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.

CSI Solar Co Interest Coverage Chart

CSI Solar Co Annual Data
Trend Dec15 Dec16 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 107.43 8.09 9.53 8.89 3.43

CSI Solar Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Coverage 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 0.94 10.82 4.31 1.39 8.43

SHSE:688472 vs FSLR, NXT, ENPH: Interest Coverage Comparison

For the Solar subindustry, CSI Solar Co'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.


CSI Solar Co Interest Coverage vs Semiconductors Industry

For the Semiconductors industry and Technology sector, CSI Solar Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where CSI Solar Co's Interest Coverage falls into.


SHSE:688472
83GF Score
CSI Solar Co Ltd SHSE:688472
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CSI Solar Co Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

CSI Solar Co's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, CSI Solar Co's Interest Expense was ¥-800 Mil. Its Operating Income was ¥2,742 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥7,914 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*2741.951/-800.055
=3.43

CSI Solar Co's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, CSI Solar Co's Interest Expense was ¥-103 Mil. Its Operating Income was ¥867 Mil. And its Long-Term Debt & Capital Lease Obligation was ¥8,689 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*867.047/-102.846
=8.43

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 8.43 mean?
CSI Solar Co (SHSE:688472) has a Interest Coverage of 8.43 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on CSI Solar Co and its competitors. This is near median its historical median of 8.09. Over the past decade, CSI Solar Co's Interest Coverage has ranged from 3.43 to 107.43. According to the industry distribution chart, CSI Solar Co ranks #503 out of 639 companies in the Semiconductors industry, placing it in the top 78.7%.
Is CSI Solar Co's Interest Coverage too high?
CSI Solar Co's current Interest Coverage of 8.43 is near median its 10-year median of 8.09. Over the past 10 years, this metric has ranged from a low of 3.43 to a high of 107.43. The Semiconductors industry median Interest Coverage is 20.32. CSI Solar Co's value of 8.43 is 58.5% below this industry median. Based on the distribution chart, CSI Solar Co ranks #503 out of 639 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, CSI Solar Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CSI Solar Co's Interest Coverage compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, CSI Solar Co ranks #503 out of 639 companies for Interest Coverage. This places CSI Solar Co in the lower half of its industry. The industry median Interest Coverage is 20.32. CSI Solar Co's value of 8.43 is 58.5% below this benchmark. Historically, CSI Solar Co's own Interest Coverage has ranged from 3.43 to 107.43 over the past decade. While the company's 10-year median is 8.09 vs. the industry median of 20.32, CSI Solar Co 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 20.32, based on 639 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. CSI Solar Co's current Interest Coverage of 8.43 is 58.5% 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 CSI Solar Co and its competitors. For the Semiconductors industry, the median Interest Coverage is 20.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CSI Solar Co's current Interest Coverage is 8.43, which is near median its own 10-year median of 8.09. 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 ¥9.09, compared to a current price of ¥9.30 — trading 2.3% above its estimated fair value. The current Interest Coverage is 8.43, which is near median its 10-year median of 8.09 and 58.5% below the Semiconductors industry median of 20.32. CSI Solar Co's overall GF Score™ is 83/100 with 7 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 CSI Solar Co (SHSE:688472), the current Interest Coverage is 8.43 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 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 ¥9.30 is trading 2.3% above its estimated GF Value™ of ¥9.09. GuruFocus considers CSI Solar Co to be Fairly Valued.

Key valuation signals for SHSE:688472:

  • Interest Coverage: 8.43 (near median its 10-year median of 8.09)
  • GF Value™: ¥9.09 vs. price of ¥9.30 (2.3% above fair value)
  • GF Score™: 83/100 with 7 warning signs
  • Industry Position: 58.5% below the Semiconductors median (#503 of 639)

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.
83GF Score

Get the complete analysis for SHSE:688472

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

¥9.30
Price
¥9.09
GF Value