Canadian Financial Statements From 2010 to 2025

CSIQ Stock  USD 9.78  0.18  1.81%   
Canadian Solar financial statements provide useful quarterly and yearly information to potential Canadian Solar investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Canadian Solar financial statements helps investors assess Canadian Solar's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Canadian Solar's valuation are summarized below:
Gross Profit
B
Profit Margin
0.0001
Market Capitalization
659.1 M
Enterprise Value Revenue
0.7172
Revenue
6.2 B
There are currently one hundred twenty fundamental signals for Canadian Solar that can be evaluated and compared over time across rivals. Investors and active traders are advised to validate Canadian Solar's prevailing fundamental performance against the performance between 2010 and 2025 to make sure the trends are evolving in the right direction. As of 03/19/2025, Enterprise Value is likely to grow to about 4 B, while Market Cap is likely to drop slightly above 790 M.

Canadian Solar Total Revenue

9.19 Billion

Check Canadian Solar financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Canadian Solar's main balance sheet or income statement drivers, such as Depreciation And Amortization of 370.8 M, Interest Expense of 137.8 M or Selling General Administrative of 318.8 M, as well as many indicators such as Price To Sales Ratio of 0.25, Dividend Yield of 9.0E-4 or PTB Ratio of 0.73. Canadian financial statements analysis is a perfect complement when working with Canadian Solar Valuation or Volatility modules.
  
Check out the analysis of Canadian Solar Correlation against competitors.
To learn how to invest in Canadian Stock, please use our How to Invest in Canadian Solar guide.

Canadian Solar Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets14.4 B13.7 B6.2 B
Slightly volatile
Total Stockholder Equity3.1 B2.9 B1.3 B
Slightly volatile
Property Plant And Equipment Net5.2 B4.9 B1.6 B
Slightly volatile
Cash2.3 B2.2 B846.4 M
Slightly volatile
Non Current Assets Total7.3 BB2.6 B
Slightly volatile
Cash And Short Term Investments2.3 B2.2 B846.4 M
Slightly volatile
Net Receivables1.5 B1.4 B677.3 M
Slightly volatile
Common Stock Shares Outstanding49.4 M83 M57.6 M
Slightly volatile
Liabilities And Stockholders Equity14.4 B13.7 B6.2 B
Slightly volatile
Inventory1.4 B1.4 B650 M
Slightly volatile
Total Liabilities9.9 B9.4 B4.5 B
Slightly volatile
Property Plant And Equipment Gross6.5 B6.2 B1.9 B
Slightly volatile
Total Current Assets7.4 BB3.6 B
Slightly volatile
Other Current Liabilities2.4 B2.2 B893.6 M
Slightly volatile
Total Current Liabilities7.1 B6.7 B3.5 B
Slightly volatile
Accounts Payable982.5 M935.7 M651.7 M
Slightly volatile
Non Current Liabilities Total2.8 B2.7 B1.1 B
Slightly volatile
Other Current Assets2.1 BB1.1 B
Slightly volatile
Other Liabilities435.4 M414.6 M238.9 M
Slightly volatile
Common Stock714.4 M752 M649.3 M
Slightly volatile
Property Plant Equipment2.8 B2.6 B1.2 B
Slightly volatile
Short and Long Term Debt Total5.4 B5.1 B2.5 B
Slightly volatile
Current Deferred Revenue465.7 M353.1 M158.4 M
Slightly volatile
Long Term DebtB1.9 B729.5 M
Slightly volatile
Short Term Debt3.3 B3.1 B1.8 B
Slightly volatile
Intangible Assets21.6 M22.7 M52.5 M
Pretty Stable
Common Stock Total Equity705.7 M790.1 M654.7 M
Slightly volatile
Net Tangible Assets1.2 B2.2 B1.1 B
Slightly volatile
Long Term Investments185.1 M272.5 M150.7 M
Slightly volatile
Short and Long Term Debt1.9 B3.1 B1.7 B
Slightly volatile
Long Term Debt Total589.2 M727.4 M512.3 M
Slightly volatile
Deferred Long Term Liabilities4.8 MM8.9 M
Slightly volatile
Capital Lease Obligations165.5 M157.6 M79 M
Pretty Stable
Non Current Liabilities Other569.3 M542.2 M209.1 M
Slightly volatile
Net Invested Capital5.3 B7.9 B4.7 B
Slightly volatile
Capital Stock843.4 M960.9 M751.8 M
Slightly volatile

Canadian Solar Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization370.8 M353.1 M166.8 M
Slightly volatile
Selling General Administrative318.8 M396.4 M215.9 M
Slightly volatile
Selling And Marketing Expenses222.8 M332.7 M204.9 M
Slightly volatile
Total Revenue9.2 B8.8 B4.1 B
Slightly volatile
Gross Profit1.5 B1.5 B713.5 M
Slightly volatile
Other Operating Expenses8.6 B8.2 B3.9 B
Slightly volatile
Cost Of Revenue7.6 B7.3 B3.4 B
Slightly volatile
Total Operating Expenses996.5 M949 M470.4 M
Slightly volatile
Research Development121.8 M116 M45.2 M
Slightly volatile
Net Income Applicable To Common Shares289.8 M276 M148.1 M
Slightly volatile
Net Income From Continuing Ops562.3 M535.5 M206 M
Slightly volatile
Interest Income54.7 M52.1 M25.2 M
Slightly volatile
Reconciled Depreciation223.4 M353.1 M168.3 M
Slightly volatile

Canadian Solar Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow2.4 B2.3 B977.5 M
Slightly volatile
Depreciation370.8 M353.1 M164.8 M
Slightly volatile
Capital Expenditures1.8 B1.8 B596.3 M
Slightly volatile
End Period Cash Flow3.6 B3.4 B1.2 B
Slightly volatile
Stock Based Compensation47.3 M49.8 M399.5 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio0.250.264.0629
Slightly volatile
Dividend Yield9.0E-40.0010.0054
Slightly volatile
PTB Ratio0.730.7720.4544
Slightly volatile
Days Sales Outstanding69.6466.6965.0552
Slightly volatile
Book Value Per Share53.5651.0124.8048
Slightly volatile
Average Payables191.3 M182.2 M187.9 M
Slightly volatile
Stock Based Compensation To Revenue0.00790.00845.6337
Slightly volatile
Capex To Depreciation5.485.713.4672
Pretty Stable
PB Ratio0.730.7720.4544
Slightly volatile
EV To Sales0.610.644.4665
Slightly volatile
Inventory Turnover4.364.836.0639
Slightly volatile
Days Of Inventory On Hand10378.1868.3106
Slightly volatile
Payables Turnover9.558.956.8412
Slightly volatile
Sales General And Administrative To Revenue0.06320.06650.0602
Very volatile
Average Inventory109.4 M104.1 M107.5 M
Slightly volatile
Research And Ddevelopement To Revenue0.01250.01190.0096
Slightly volatile
Capex To Revenue0.190.180.1178
Slightly volatile
Cash Per Share28.0226.6913.0188
Slightly volatile
Payout Ratio0.00710.00750.0519
Slightly volatile
Days Payables Outstanding61.9353.9259.1652
Pretty Stable
Intangibles To Total Assets0.00180.00190.0105
Pretty Stable
Current Ratio1.871.21.1848
Very volatile
Tangible Book Value Per Share53.2750.7423.8829
Slightly volatile
Receivables Turnover7.337.245.9737
Slightly volatile
Graham Number57.4454.732.6558
Slightly volatile
Shareholders Equity Per Share36.9935.2320.475
Slightly volatile
Debt To Equity1.371.571.9999
Slightly volatile
Capex Per Share22.0521.08.9294
Slightly volatile
Average Receivables346.6 M330.1 M336 M
Slightly volatile
Revenue Per Share11010565.0633
Slightly volatile
Interest Debt Per Share66.3463.1841.0114
Slightly volatile
Debt To Assets0.310.340.4067
Pretty Stable
Operating Cycle173145133
Slightly volatile
Price Book Value Ratio0.730.7720.4544
Slightly volatile
Days Of Payables Outstanding61.9353.9259.1652
Pretty Stable
Dividend Payout Ratio0.00710.00750.0519
Slightly volatile
Company Equity Multiplier3.144.184.7228
Slightly volatile
Long Term Debt To Capitalization0.250.350.3347
Very volatile
Total Debt To Capitalization0.470.570.6465
Slightly volatile
Debt Equity Ratio1.371.571.9999
Slightly volatile
Quick Ratio1.390.960.9793
Pretty Stable
Net Income Per E B T0.630.60.7972
Slightly volatile
Cash Ratio0.530.380.3228
Pretty Stable
Cash Conversion Cycle11490.9578.4778
Pretty Stable
Days Of Inventory Outstanding10378.1868.3106
Slightly volatile
Days Of Sales Outstanding69.6466.6965.0552
Slightly volatile
Price To Book Ratio0.730.7720.4544
Slightly volatile
Fixed Asset Turnover1.942.054.0051
Slightly volatile
Debt Ratio0.310.340.4067
Pretty Stable
Price Sales Ratio0.250.264.0629
Slightly volatile
Asset Turnover0.950.740.781
Slightly volatile
Gross Profit Margin0.220.190.183
Very volatile
Price Fair Value0.730.7720.4544
Slightly volatile

Canadian Solar Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap790 M1.5 B1.3 B
Slightly volatile
Enterprise ValueB3.8 B2.9 B
Slightly volatile

Canadian Fundamental Market Drivers

Forward Price Earnings3.8183
Cash And Short Term Investments1.9 B

Canadian Upcoming Events

19th of March 2024
Upcoming Quarterly Report
View
16th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
19th of March 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Canadian Solar Financial Statements

Canadian Solar shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Canadian Solar investors may analyze each financial statement separately, they are all interrelated. The changes in Canadian Solar's assets and liabilities, for example, are also reflected in the revenues and expenses on on Canadian Solar's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue353.1 M465.7 M
Total Revenue8.8 B9.2 B
Cost Of Revenue7.3 B7.6 B
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.07  0.06 
Research And Ddevelopement To Revenue 0.01  0.01 
Capex To Revenue 0.18  0.19 
Revenue Per Share 104.81  110.06 
Ebit Per Revenue 0.07  0.08 

Pair Trading with Canadian Solar

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canadian Solar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canadian Solar will appreciate offsetting losses from the drop in the long position's value.

Moving together with Canadian Stock

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  0.69NA Nano LabsPairCorr
The ability to find closely correlated positions to Canadian Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Solar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canadian Solar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canadian Solar to buy it.
The correlation of Canadian Solar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canadian Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Solar moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Canadian Solar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Canadian Stock Analysis

When running Canadian Solar's price analysis, check to measure Canadian Solar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canadian Solar is operating at the current time. Most of Canadian Solar's value examination focuses on studying past and present price action to predict the probability of Canadian Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Solar's price. Additionally, you may evaluate how the addition of Canadian Solar to your portfolios can decrease your overall portfolio volatility.