Canadian Historical Cash Flow
| CSIQ Stock | USD 9.94 0.18 1.84% |
Analysis of Canadian Solar cash flow over time is an excellent tool to project Canadian Solar future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Change In Cash of 1.2 B or Begin Period Cash Flow of 2.4 B as it is a great indicator of Canadian Solar ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Canadian Solar latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Canadian Solar is a good buy for the upcoming year.
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About Canadian Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Canadian balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Canadian's non-liquid assets can be easily converted into cash.
Canadian Solar Cash Flow Chart
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Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Capital Expenditures
Capital Expenditures are funds used by Canadian Solar to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Canadian Solar operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Most accounts from Canadian Solar's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Canadian Solar current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Solar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Canadian Stock, please use our How to Invest in Canadian Solar guide.At this time, Canadian Solar's Net Income is relatively stable compared to the past year. As of 03/27/2025, End Period Cash Flow is likely to grow to about 3.6 B, while Other Cashflows From Financing Activities is likely to drop slightly above 880.1 M.
Canadian Solar cash flow statement Correlations
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Canadian Solar Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canadian Solar cash flow statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Change To Inventory | (181.0M) | (518.7M) | (406.3M) | 182.8M | 164.5M | 172.7M | |
| Change In Cash | 434.3M | (205.4M) | 535.2M | 976.9M | 1.1B | 1.2B | |
| Free Cash Flow | (455.5M) | (837.8M) | 288.6M | (840.8M) | (756.8M) | (718.9M) | |
| Change In Working Capital | (560.4M) | (886.7M) | 285.1M | (262.2M) | (236.0M) | (224.2M) | |
| Begin Period Cash Flow | 1.2B | 1.6B | 1.4B | 2.0B | 2.3B | 2.4B | |
| Other Cashflows From Financing Activities | 305.1M | (7.3M) | (14.5M) | 863.0M | 992.5M | 880.1M | |
| Depreciation | 209.1M | 282.8M | 234.6M | 307.0M | 353.1M | 370.8M | |
| Other Non Cash Items | 52.6M | 83.6M | 72.1M | 310.3M | 356.8M | 374.6M | |
| Capital Expenditures | 334.9M | 429.5M | 628.0M | 1.5B | 1.8B | 1.8B | |
| Total Cash From Operating Activities | (120.5M) | (408.3M) | 916.6M | 684.6M | 787.3M | 826.7M | |
| Net Income | 147.2M | 109.9M | 298.6M | 274.2M | 315.3M | 331.1M | |
| End Period Cash Flow | 1.6B | 1.4B | 2.0B | 2.9B | 3.4B | 3.6B | |
| Change To Netincome | 60.9M | 42.6M | 67.1M | 193.0M | 222.0M | 233.1M | |
| Change To Liabilities | 292.8M | (58.9M) | (110.4M) | 561.4M | 645.6M | 677.9M | |
| Total Cash From Financing Activities | 823.5M | 614.1M | 428.6M | 2.1B | 2.4B | 2.5B | |
| Stock Based Compensation | 12.4M | 8.8M | 9.4M | 55.3M | 49.8M | 47.3M | |
| Change To Account Receivables | 65.4M | (284.8M) | (357.3M) | 15.4M | 17.7M | 18.6M | |
| Investments | 15.3M | (37.0M) | (630.5M) | (1.4B) | (1.3B) | (1.2B) | |
| Net Borrowings | (22.8M) | 560.7M | 472.9M | 443.1M | 509.6M | 271.5M | |
| Total Cashflows From Investing Activities | (294.1M) | (319.7M) | (429.6M) | (630.5M) | (567.4M) | (595.8M) | |
| Change To Operating Activities | 204.4M | (201.2M) | 105.5M | 516.6M | 594.1M | 623.8M | |
| Other Cashflows From Investing Activities | (15.3M) | 76.6M | 9.8M | (136.1M) | (156.5M) | (148.7M) |
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 against Canadian Stock
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| 0.6 | ZS | Zscaler | PairCorr |
| 0.58 | JG | Aurora Mobile | PairCorr |
| 0.45 | MQ | Marqeta | PairCorr |
| 0.39 | DOCN | DigitalOcean Holdings | PairCorr |
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.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.