Canadian Solar Financials
Canadian Solar (CSIQ) reported $5.6B in revenue for fiscal year 2025, down 6.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Debt-funded expansion is outrunning cash generation, leaving profits increasingly shaped by financing and asset-carrying costs.
From FY2023 to FY2025, gross margin rose to18.3% from16.8% , so the product-level spread did not collapse with revenue. But FY2025 interest expense of$178M outweighed operating income of$43M , showing that financing and asset-carrying costs—not gross profitability—pushed earnings negative.
Across FY2023-FY2025, the company consumed more than
A current ratio near 1.0x in each of the last three years means short-term obligations are being covered narrowly, not with a large working-capital buffer. With cash down to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Canadian Solar's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Canadian Solar has an operating margin of 0.8%, meaning the company retains $1 of operating profit per $100 of revenue. This results in a moderate score of 42/100, indicating healthy but not exceptional operating efficiency. This is up from -0.5% the prior year.
Canadian Solar's revenue declined 6.6% year-over-year, from $6.0B to $5.6B. This contraction results in a growth score of 7/100.
Canadian Solar has elevated debt relative to equity (D/E of 2.14), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 6/100, reflecting increased financial risk.
Canadian Solar's current ratio of 1.02 is below the typical benchmark, resulting in a score of 20/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Canadian Solar's operations used $252.7M of cash, and capex of $962.3M added to the outflow, for a free cash flow shortfall of $1.2B. This results in a cash flow score of 12/100.
Canadian Solar posts a -3.7% return on equity (ROE), meaning it loses $4 for every $100 of shareholders' equity. This results in a returns score of 40/100. This is down from 1.3% the prior year.
Canadian Solar scores 0.58, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Canadian Solar passes 1 of 9 financial strength tests. No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
Canadian Solar reported a net loss of $104.1M while operations used $252.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Canadian Solar earns $0.24 in operating income for every $1 of interest expense ($43.2M vs $178.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Canadian Solar generated $5.6B in revenue in fiscal year 2025. This represents a decrease of 6.6% from the prior year.
Canadian Solar's EBITDA was $598.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 26.9% from the prior year.
Canadian Solar reported -$104.1M in net income in fiscal year 2025. This represents a decrease of 388.8% from the prior year.
Cash & Balance Sheet
Canadian Solar recorded an outflow of $1.2B in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 39.2% from the prior year.
Canadian Solar held $1.4B in cash against $6.0B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Canadian Solar's gross margin was 18.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.7 percentage points from the prior year.
Canadian Solar's operating margin was 0.8% in fiscal year 2025, reflecting core business profitability. This is up 1.3 percentage points from the prior year.
Canadian Solar's net profit margin was -1.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.5 percentage points from the prior year.
Canadian Solar's ROE was -3.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 5.0 percentage points from the prior year.
Capital Allocation
Canadian Solar invested $90.7M in research and development in fiscal year 2025. This represents a decrease of 24.9% from the prior year.
Canadian Solar spent $70.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 11.9% from the prior year.
Canadian Solar invested $962.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 13.5% from the prior year.
CSIQ Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.6B-6.6% | $6.0B-21.3% | $7.6B+1.9% | $7.5B+41.5% | $5.3B+51.8% | $3.5B+8.6% | $3.2B-14.5% | $3.7B+10.4% | $3.4B+18.8% | $2.9B-17.7% | $3.5B+17.1% | $3.0B+79.0% | $1.7B+27.8% | $1.3B-31.8% | $1.9B |
| Cost of Revenue | $4.6B-8.5% | $5.0B-21.1% | $6.3B+2.1% | $6.2B+42.1% | $4.4B+56.7% | $2.8B+12.3% | $2.5B-16.4% | $3.0B+7.9% | $2.8B+13.0% | $2.4B-15.7% | $2.9B+21.5% | $2.4B+72.6% | $1.4B+14.5% | $1.2B-29.8% | $1.7B |
| Gross Profit | $1.0B+2.7% | $999.3M-21.9% | $1.3B+1.3% | $1.3B+38.9% | $909.3M+31.8% | $689.9M-4.0% | $718.5M-7.3% | $775.1M+21.6% | $637.6M+52.8% | $417.2M-27.7% | $576.8M-0.7% | $581.0M+110.7% | $275.7M+205.1% | $90.4M-50.4% | $182.3M |
| R&D Expenses | $90.7M-24.9% | $120.8M+19.8% | $100.8M+44.4% | $69.8M+19.5% | $58.4M+29.3% | $45.2M-4.0% | $47.0M+6.5% | $44.2M+53.6% | $28.8M+65.3% | $17.4M+2.1% | $17.1M+41.5% | $12.1M+3.2% | $11.7M-10.1% | $13.0M-34.5% | $19.8M |
| SG&A Expenses | $581.8M+12.9% | $515.2M+17.0% | $440.5M+28.7% | $342.1M+10.7% | $308.9M+36.9% | $225.6M-7.1% | $242.8M-1.1% | $245.4M+6.2% | $231.0M+13.4% | $203.8M+21.3% | $168.0M+107.1% | $81.1M+81.3% | $44.8M-65.2% | $128.8M+49.3% | $86.3M |
| Operating Income | $43.2M+243.5% | -$30.1M-106.6% | $453.3M+27.3% | $356.1M+87.0% | $190.4M-13.6% | $220.4M-14.9% | $258.9M-29.0% | $364.7M+35.4% | $269.3M+189.1% | $93.2M-62.3% | $247.4M-32.5% | $366.3M+180.0% | $130.8M+191.8% | -$142.5M-2185.7% | $6.8M |
| Interest Expense | $178.2M+29.6% | $137.5M+20.5% | $114.1M+53.6% | $74.3M+27.7% | $58.2M-19.1% | $71.9M-11.6% | $81.3M-23.3% | $106.0M-10.1% | $118.0M+69.2% | $69.7M+28.8% | $54.1M+10.7% | $48.9M+5.8% | $46.2M-13.2% | $53.3M+21.6% | $43.8M |
| Income Tax | $14.1M+185.4% | -$16.6M-127.9% | $59.5M-18.9% | $73.4M+104.6% | $35.8M+1907.6% | -$2.0M-104.7% | $42.1M-32.1% | $62.0M+51.3% | $41.0M+127.8% | $18.0M-63.7% | $49.5M-36.1% | $77.4M+913.6% | $7.6M+240.6% | -$5.4M-132.9% | $16.5M |
| Net Income | -$104.1M-388.8% | $36.1M-86.9% | $274.2M-8.2% | $298.6M+171.7% | $109.9M-25.4% | $147.2M-11.6% | $166.6M-31.3% | $242.4M+135.4% | $103.0M+57.8% | $65.3M-62.3% | $173.3M-28.9% | $243.9M+435.3% | $45.6M+123.3% | -$195.2M-114.7% | -$90.9M |
| EPS (Diluted) | -$2.50 | $0.54-86.0% | $3.87+12.5% | $3.44+135.6% | $1.46-38.7% | $2.38-15.9% | $2.83-27.1% | $3.88+129.6% | $1.69+50.9% | $1.12-61.8% | $2.93-28.7% | $4.11+552.4% | $0.63 | -$4.53-114.7% | -$2.11 |
CSIQ Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $15.2B+12.3% | $13.5B+13.6% | $11.9B+31.6% | $9.0B+22.3% | $7.4B+13.0% | $6.5B+19.6% | $5.5B+11.7% | $4.9B-16.9% | $5.9B+8.9% | $5.4B+22.5% | $4.4B+43.7% | $3.1B+25.2% | $2.5B+8.6% | $2.3B+20.2% | $1.9B |
| Current Assets | $6.0B+1.0% | $5.9B-2.9% | $6.1B+8.0% | $5.6B+18.3% | $4.8B+14.0% | $4.2B+28.7% | $3.3B+5.8% | $3.1B-24.7% | $4.1B+7.8% | $3.8B+67.4% | $2.3B-2.2% | $2.3B+34.7% | $1.7B+19.2% | $1.4B+11.3% | $1.3B |
| Cash & Equivalents | $1.4B-19.5% | $1.7B-12.2% | $1.9B+97.5% | $981.4M+12.8% | $869.8M-26.2% | $1.2B+76.3% | $668.8M+50.5% | $444.3M-20.9% | $561.7M+9.9% | $511.0M-7.6% | $553.1M+0.6% | $549.5M+140.8% | $228.3M+60.8% | $142.0M-58.7% | $344.0M |
| Inventory | $1.1B-6.1% | $1.2B+2.3% | $1.2B-22.6% | $1.5B+27.8% | $1.2B+71.3% | $696.0M+25.6% | $554.1M+111.5% | $262.0M-24.3% | $346.1M+17.2% | $295.4M-11.7% | $334.5M-22.6% | $432.3M+87.0% | $231.2M-15.8% | $274.5M-7.5% | $296.6M |
| Accounts Receivable | $830.0M-25.8% | $1.1B+23.6% | $904.9M-6.8% | $971.0M+49.1% | $651.4M+59.3% | $409.0M-6.4% | $436.8M-12.3% | $498.2M+39.1% | $358.1M-10.5% | $400.3M-6.2% | $426.8M+16.3% | $366.9M+30.7% | $280.7M+10.1% | $254.9M-12.8% | $292.2M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $1.0M-83.9% | $6.2M-18.0% | $7.6M+0.1% | $7.6M | N/A | N/A | N/A | $2.3M |
| Total Liabilities | $10.9B+16.5% | $9.4B+14.3% | $8.2B+21.7% | $6.7B+27.9% | $5.3B+13.3% | $4.6B+14.9% | $4.0B+11.7% | $3.6B-25.1% | $4.8B+7.2% | $4.5B+25.9% | $3.6B+53.0% | $2.3B+14.7% | $2.0B+6.7% | $1.9B+35.4% | $1.4B |
| Current Liabilities | $5.9B+8.0% | $5.4B-7.6% | $5.9B+11.5% | $5.3B+30.2% | $4.0B+12.5% | $3.6B+16.1% | $3.1B+4.9% | $2.9B-28.2% | $4.1B+10.4% | $3.7B+40.1% | $2.7B+36.3% | $1.9B+9.6% | $1.8B+15.5% | $1.5B+24.6% | $1.2B |
| Long-Term Debt | $6.0B+30.5% | $4.6B+49.9% | $3.1B+36.1% | $2.3B+120.4% | $1.0B+9.6% | $934.6M-8.3% | $1.0B+159.1% | $393.6M-2.7% | $404.3M-18.1% | $493.5M-18.6% | $606.6M+351.7% | $134.3M-11.3% | $151.4M-29.4% | $214.6M+143.1% | $88.2M |
| Total Equity | $2.8B-0.3% | $2.8B+10.0% | $2.6B+31.8% | $1.9B+7.8% | $1.8B+14.7% | $1.6B+12.7% | $1.4B+13.7% | $1.2B+18.7% | $1.0B+16.7% | $884.7M+8.0% | $819.0M+14.3% | $716.6M+83.5% | $390.5M+34.2% | $290.9M-37.6% | $465.9M |
| Retained Earnings | $1.5B-6.6% | $1.6B+2.3% | $1.5B+21.5% | $1.3B+23.2% | $1.0B+10.1% | $940.3M+18.5% | $793.6M+27.6% | $622.0M+62.1% | $383.7M+35.0% | $284.1M+29.8% | $218.9M+365.7% | $47.0M+124.4% | -$192.5M+14.1% | -$224.2M-681.2% | -$28.7M |
CSIQ Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$252.7M+71.5% | -$885.3M-229.3% | $684.6M-25.3% | $916.6M+324.5% | -$408.3M-238.7% | -$120.5M-120.1% | $600.1M+177.5% | $216.3M+6.1% | $203.9M+173.3% | -$278.1M-167.2% | $413.7M+56.0% | $265.1M+15.5% | $229.5M+255.4% | -$147.8M-345.8% | $60.1M |
| Capital Expenditures | $962.3M-13.5% | $1.1B-0.3% | $1.1B+78.0% | $627.1M+46.3% | $428.7M | N/A | N/A | $316.3M+14.2% | $277.0M-3.4% | $286.7M+215.4% | $90.9M+83.1% | $49.7M+114.7% | $23.1M-61.8% | $60.5M-70.6% | $205.4M |
| Free Cash Flow | -$1.2B+39.2% | -$2.0B-362.7% | -$431.8M-249.2% | $289.5M+134.6% | -$837.0M | N/A | N/A | -$100.0M-36.9% | -$73.1M+87.1% | -$564.8M-275.0% | $322.8M+49.8% | $215.4M+4.4% | $206.4M+199.1% | -$208.2M-43.3% | -$145.3M |
| Investing Cash Flow | -$1.5B+23.4% | -$2.0B-17.4% | -$1.7B-165.1% | -$630.5M-46.8% | -$429.6M-34.4% | -$319.7M-8.7% | -$294.1M-1111.7% | $29.1M+112.2% | -$239.2M+78.1% | -$1.1B-9.4% | -$999.1M | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $1.3B-41.9% | $2.3B+13.0% | $2.1B+378.9% | $428.6M-30.2% | $614.1M-25.4% | $823.5M+2479.1% | -$34.6M+92.5% | -$463.6M-380.5% | $165.3M-87.3% | $1.3B+109.8% | $619.5M | N/A | N/A | N/A | N/A |
| Share Buybacks | $70.1M-11.9% | $79.6M | N/A | N/A | N/A | $6.0M-49.7% | $11.8M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
CSIQ Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.3%+1.7pp | 16.7%-0.1pp | 16.8%-0.1pp | 16.9%-0.3pp | 17.2%-2.6pp | 19.9%-2.6pp | 22.4%+1.8pp | 20.7%+1.9pp | 18.8%+4.2pp | 14.6%-2.0pp | 16.6%-3.0pp | 19.6%+3.0pp | 16.7%+9.7pp | 7.0%-2.6pp | 9.6% |
| Operating Margin | 0.8%+1.3pp | -0.5%-6.5pp | 5.9%+1.2pp | 4.8%+1.2pp | 3.6%-2.7pp | 6.3%-1.8pp | 8.1%-1.7pp | 9.7%+1.8pp | 7.9%+4.7pp | 3.3%-3.9pp | 7.1%-5.2pp | 12.4%+4.5pp | 7.9%+18.9pp | -11.0%-11.4pp | 0.4% |
| Net Margin | -1.9%-2.5pp | 0.6%-3.0pp | 3.6%-0.4pp | 4.0%+1.9pp | 2.1%-2.2pp | 4.2%-1.0pp | 5.2%-1.3pp | 6.5%+3.4pp | 3.0%+0.8pp | 2.3%-2.7pp | 5.0%-3.2pp | 8.2%+5.5pp | 2.8%+17.8pp | -15.1%-10.3pp | -4.8% |
| Return on Equity | -3.7%-5.0pp | 1.3%-9.4pp | 10.7%-4.7pp | 15.4%+9.3pp | 6.1%-3.3pp | 9.4%-2.6pp | 12.0%-7.8pp | 19.8%+9.8pp | 10.0%+2.6pp | 7.4%-13.8pp | 21.2%-12.9pp | 34.0%+22.4pp | 11.7%+78.8pp | -67.1%-47.6pp | -19.5% |
| Return on Assets | -0.7%-1.0pp | 0.3%-2.0pp | 2.3%-1.0pp | 3.3%+1.8pp | 1.5%-0.8pp | 2.3%-0.8pp | 3.0%-1.9pp | 5.0%+3.2pp | 1.8%+0.5pp | 1.2%-2.7pp | 3.9%-4.0pp | 7.9%+6.1pp | 1.9%+10.5pp | -8.6%-3.8pp | -4.8% |
| Current Ratio | 1.02-0.1x | 1.09+0.1x | 1.040.0x | 1.07-0.1x | 1.180.0x | 1.17+0.1x | 1.050.0x | 1.040.0x | 0.990.0x | 1.02+0.2x | 0.85-0.3x | 1.19+0.2x | 0.970.0x | 0.94-0.1x | 1.05 |
| Debt-to-Equity | 2.14+0.5x | 1.64+0.4x | 1.200.0x | 1.16+0.6x | 0.570.0x | 0.60-0.1x | 0.73+0.4x | 0.32-0.1x | 0.39-0.2x | 0.56-0.2x | 0.74+0.6x | 0.19-0.2x | 0.39-0.3x | 0.74+0.5x | 0.19 |
| FCF Margin | -21.7%+11.6pp | -33.3%-27.7pp | -5.7%-9.6pp | 3.9%+19.7pp | -15.9% | N/A | N/A | -2.7%-0.5pp | -2.1%+17.7pp | -19.8%-29.1pp | 9.3%+2.0pp | 7.3%-5.2pp | 12.5%+28.6pp | -16.1%-8.4pp | -7.6% |
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Where Canadian Solar Ranks
Frequently Asked Questions
What is Canadian Solar's annual revenue?
Canadian Solar (CSIQ) reported $5.6B in total revenue for fiscal year 2025. This represents a -6.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Canadian Solar's revenue growing?
Canadian Solar (CSIQ) revenue declined by 6.6% year-over-year, from $6.0B to $5.6B in fiscal year 2025.
Is Canadian Solar profitable?
No, Canadian Solar (CSIQ) reported a net income of -$104.1M in fiscal year 2025, with a net profit margin of -1.9%.
What is Canadian Solar's EBITDA?
Canadian Solar (CSIQ) had EBITDA of $598.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Canadian Solar have?
As of fiscal year 2025, Canadian Solar (CSIQ) had $1.4B in cash and equivalents against $6.0B in long-term debt.
What is Canadian Solar's gross margin?
Canadian Solar (CSIQ) had a gross margin of 18.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Canadian Solar's operating margin?
Canadian Solar (CSIQ) had an operating margin of 0.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Canadian Solar's net profit margin?
Canadian Solar (CSIQ) had a net profit margin of -1.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Canadian Solar's return on equity (ROE)?
Canadian Solar (CSIQ) has a return on equity of -3.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Canadian Solar's free cash flow?
Canadian Solar (CSIQ) recorded an outflow of $1.2B in free cash flow during fiscal year 2025. This represents a 39.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Canadian Solar's operating cash flow?
Canadian Solar (CSIQ) recorded an outflow of $252.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Canadian Solar's total assets?
Canadian Solar (CSIQ) had $15.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Canadian Solar's capital expenditures?
Canadian Solar (CSIQ) invested $962.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Canadian Solar spend on research and development?
Canadian Solar (CSIQ) invested $90.7M in research and development during fiscal year 2025.
What is Canadian Solar's current ratio?
Canadian Solar (CSIQ) had a current ratio of 1.02 as of fiscal year 2025, which is considered adequate.
What is Canadian Solar's debt-to-equity ratio?
Canadian Solar (CSIQ) had a debt-to-equity ratio of 2.14 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Canadian Solar's return on assets (ROA)?
Canadian Solar (CSIQ) had a return on assets of -0.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Canadian Solar's cash runway?
Based on fiscal year 2025 data, Canadian Solar (CSIQ) had $1.4B in cash against an annual operating cash burn of $252.7M. This gives an estimated cash runway of approximately 65 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Canadian Solar's Altman Z-Score?
Canadian Solar (CSIQ) has an Altman Z-Score of 0.58, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Canadian Solar's Piotroski F-Score?
Canadian Solar (CSIQ) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Canadian Solar's earnings high quality?
Canadian Solar (CSIQ) reported a net loss of $104.1M while operations used $252.7M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Canadian Solar cover its interest payments?
Canadian Solar (CSIQ) has an interest coverage ratio of 0.24x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Canadian Solar?
Canadian Solar (CSIQ) scores 21 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.