Canadian Solar Stock Debt To Equity

CSIQ Stock

USD 12.76 0.33 2.65%

Canadian Solar fundamentals help investors to digest information that contributes to Canadian Solar's financial success or failures. It also enables traders to predict the movement of Canadian Stock. The fundamental analysis module provides a way to measure Canadian Solar's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Canadian Solar stock.

		Last Reported	Projected for Next Year
	Debt To Equity	1.70	1.48

As of 11/28/2024, Debt To Equity is likely to drop to 1.48.

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Canadian Solar Company Debt To Equity Analysis

Canadian Solar's Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.

D/E

Total Debt

Total Equity

More About Debt To Equity | All Equity Analysis

Current Canadian Solar Debt To Equity

1.21 %

Most of Canadian Solar's fundamental indicators, such as Debt To Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Canadian Solar is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Canadian Debt To Equity Driver Correlations

Understanding the fundamental principles of building solid financial models for Canadian Solar is extremely important. It helps to project a fair market value of Canadian Stock properly, considering its historical fundamentals such as Debt To Equity. Since Canadian Solar's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Canadian Solar's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Canadian Solar's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Net Receivables	Total Liab	Total Current Assets	Retained Earnings	Accounts Payable	Short Term Investments	Common Stock	Property Plant Equipment	Current Deferred Revenue	Long Term Debt	Short Term Debt	Intangible Assets	Net Tangible Assets	Long Term Investments	Short Long Term Debt	Long Term Debt Total	Deferred Long Term Liab	Capital Surpluse	Net Invested Capital	Net Working Capital	Capital Stock	Treasury Stock
Total Assets		0.98	0.91	0.95	0.99	0.98	0.94	0.37	-0.47	0.69	0.95	0.91	0.97	0.94	0.19	0.84	0.44	0.71	0.73	-0.41	0.84	0.76	0.61	0.81	0.71
Total Stockholder Equity	0.98		0.88	0.95	0.96	0.96	0.98	0.27	-0.51	0.68	0.94	0.9	0.94	0.93	0.22	0.88	0.32	0.7	0.71	-0.51	0.9	0.73	0.7	0.8	0.68
Net Debt	0.91	0.88		0.9	0.93	0.94	0.87	0.42	-0.53	0.78	0.85	0.73	0.83	0.98	0.47	0.85	0.52	0.83	0.78	-0.34	0.84	0.63	0.64	0.68	0.44
Net Receivables	0.95	0.95	0.9		0.95	0.93	0.92	0.36	-0.36	0.72	0.96	0.9	0.92	0.92	0.23	0.84	0.28	0.65	0.68	-0.42	0.8	0.79	0.62	0.84	0.63
Total Liab	0.99	0.96	0.93	0.95		0.98	0.92	0.44	-0.45	0.72	0.93	0.88	0.96	0.95	0.25	0.83	0.51	0.72	0.76	-0.36	0.82	0.74	0.58	0.78	0.67
Total Current Assets	0.98	0.96	0.94	0.93	0.98		0.92	0.43	-0.51	0.77	0.88	0.85	0.9	0.98	0.3	0.86	0.49	0.78	0.73	-0.41	0.85	0.71	0.66	0.75	0.59
Retained Earnings	0.94	0.98	0.87	0.92	0.92	0.92		0.16	-0.62	0.58	0.92	0.88	0.9	0.91	0.23	0.91	0.28	0.74	0.72	-0.55	0.94	0.73	0.74	0.79	0.64
Accounts Payable	0.37	0.27	0.42	0.36	0.44	0.43	0.16		0.27	0.68	0.33	0.22	0.36	0.38	0.48	0.3	0.58	0.14	0.53	0.19	0.08	0.25	-0.07	0.17	0.13
Short Term Investments	-0.47	-0.51	-0.53	-0.36	-0.45	-0.51	-0.62	0.27		-0.11	-0.32	-0.34	-0.36	-0.57	-0.14	-0.57	-0.39	-0.81	-0.35	0.42	-0.7	-0.28	-0.48	-0.34	-0.23
Common Stock	0.69	0.68	0.78	0.72	0.72	0.77	0.58	0.68	-0.11		0.62	0.49	0.58	0.79	0.58	0.66	0.39	0.5	0.63	-0.19	0.6	0.35	0.49	0.4	0.2
Property Plant Equipment	0.95	0.94	0.85	0.96	0.93	0.88	0.92	0.33	-0.32	0.62		0.92	0.96	0.87	0.22	0.81	0.26	0.57	0.74	-0.41	0.77	0.79	0.61	0.82	0.69
Current Deferred Revenue	0.91	0.9	0.73	0.9	0.88	0.85	0.88	0.22	-0.34	0.49	0.92		0.92	0.78	-0.09	0.72	0.17	0.53	0.55	-0.41	0.71	0.83	0.54	0.82	0.75
Long Term Debt	0.97	0.94	0.83	0.92	0.96	0.9	0.9	0.36	-0.36	0.58	0.96	0.92		0.85	0.11	0.76	0.42	0.57	0.75	-0.3	0.73	0.78	0.5	0.82	0.79
Short Term Debt	0.94	0.93	0.98	0.92	0.95	0.98	0.91	0.38	-0.57	0.79	0.87	0.78	0.85		0.42	0.89	0.46	0.84	0.75	-0.44	0.9	0.65	0.72	0.7	0.48
Intangible Assets	0.19	0.22	0.47	0.23	0.25	0.3	0.23	0.48	-0.14	0.58	0.22	-0.09	0.11	0.42		0.37	0.37	0.32	0.63	0.01	0.36	-0.14	0.36	-0.13	-0.37
Net Tangible Assets	0.84	0.88	0.85	0.84	0.83	0.86	0.91	0.3	-0.57	0.66	0.81	0.72	0.76	0.89	0.37		0.27	0.79	0.74	-0.52	0.9	0.74	0.75	0.77	0.53
Long Term Investments	0.44	0.32	0.52	0.28	0.51	0.49	0.28	0.58	-0.39	0.39	0.26	0.17	0.42	0.46	0.37	0.27		0.49	0.57	0.21	0.25	0.14	-0.11	0.16	0.24
Short Long Term Debt	0.71	0.7	0.83	0.65	0.72	0.78	0.74	0.14	-0.81	0.5	0.57	0.53	0.57	0.84	0.32	0.79	0.49		0.55	-0.48	0.82	0.57	0.62	0.58	0.35
Long Term Debt Total	0.73	0.71	0.78	0.68	0.76	0.73	0.72	0.53	-0.35	0.63	0.74	0.55	0.75	0.75	0.63	0.74	0.57	0.55		0.0	0.65	0.5	0.52	0.49	0.38
Deferred Long Term Liab	-0.41	-0.51	-0.34	-0.42	-0.36	-0.41	-0.55	0.19	0.42	-0.19	-0.41	-0.41	-0.3	-0.44	0.01	-0.52	0.21	-0.48	0.0		-0.67	-0.34	-0.54	-0.41	-0.3
Capital Surpluse	0.84	0.9	0.84	0.8	0.82	0.85	0.94	0.08	-0.7	0.6	0.77	0.71	0.73	0.9	0.36	0.9	0.25	0.82	0.65	-0.67		0.54	0.79	0.62	0.45
Net Invested Capital	0.76	0.73	0.63	0.79	0.74	0.71	0.73	0.25	-0.28	0.35	0.79	0.83	0.78	0.65	-0.14	0.74	0.14	0.57	0.5	-0.34	0.54		0.48	0.95	0.77
Net Working Capital	0.61	0.7	0.64	0.62	0.58	0.66	0.74	-0.07	-0.48	0.49	0.61	0.54	0.5	0.72	0.36	0.75	-0.11	0.62	0.52	-0.54	0.79	0.48		0.51	0.17
Capital Stock	0.81	0.8	0.68	0.84	0.78	0.75	0.79	0.17	-0.34	0.4	0.82	0.82	0.82	0.7	-0.13	0.77	0.16	0.58	0.49	-0.41	0.62	0.95	0.51		0.82
Treasury Stock	0.71	0.68	0.44	0.63	0.67	0.59	0.64	0.13	-0.23	0.2	0.69	0.75	0.79	0.48	-0.37	0.53	0.24	0.35	0.38	-0.3	0.45	0.77	0.17	0.82

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Canadian Debt To Equity Historical Pattern

Today, most investors in Canadian Solar Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Canadian Solar's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's debt to equity growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Canadian Solar debt to equity as a starting point in their analysis.

Canadian Solar Debt To Equity

Timeline

High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.

Competition

Predict Canadian Solar

Debt To Equity Over Time

Canadian Total Stockholder Equity

Total Stockholder Equity

2.69 Billion

At this time, Canadian Solar's Total Stockholder Equity is relatively stable compared to the past year.

According to the company disclosure, Canadian Solar has a Debt To Equity of 1.211%. This is 97.95% lower than that of the Semiconductors & Semiconductor Equipment sector and 98.55% lower than that of the Information Technology industry. The debt to equity for all United States stocks is 97.51% higher than that of the company.

Canadian Debt To Equity Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Canadian Solar's direct or indirect competition against its Debt To Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Canadian Solar could also be used in its relative valuation, which is a method of valuing Canadian Solar by comparing valuation metrics of similar companies.

Canadian Solar is currently under evaluation in debt to equity category among its peers.

Canadian Solar Current Valuation Drivers

We derive many important indicators used in calculating different scores of Canadian Solar from analyzing Canadian Solar's financial statements. These drivers represent accounts that assess Canadian Solar's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Canadian Solar's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	1.3B	3.1B	1.9B	2.0B	1.7B	1.8B
Enterprise Value	3.1B	4.7B	4.3B	5.0B	4.3B	4.5B

Canadian Solar ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Canadian Solar's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Canadian Solar's managers, analysts, and investors.

Environmental

Governance

Social

Canadian Fundamentals

	Return On Equity	0.0337
	Return On Asset	0.0106
	Profit Margin	0.01 %
	Operating Margin	0.03 %
	Current Valuation	4.13 B
	Shares Outstanding	66.17 M
	Shares Owned By Insiders	28.53 %
	Shares Owned By Institutions	54.46 %
	Number Of Shares Shorted	10.36 M
	Price To Earning	14.22 X
	Price To Book	0.31 X
	Price To Sales	0.13 X
	Revenue	7.61 B
	Gross Profit	1.26 B
	EBITDA	829.66 M
	Net Income	274.19 M
	Cash And Equivalents	1.05 B
	Cash Per Share	16.40 X
	Total Debt	4.48 B
	Debt To Equity	1.21 %
	Current Ratio	1.20 X
	Book Value Per Share	40.00 X
	Cash Flow From Operations	684.62 M
	Short Ratio	3.80 X
	Earnings Per Share	0.48 X
	Price To Earnings To Growth	0.14 X
	Target Price	18.95
	Number Of Employees	22.23 K
	Beta	1.34
	Market Capitalization	844.39 M
	Total Asset	11.9 B
	Retained Earnings	1.55 B
	Working Capital	231.06 M
	Current Asset	2.26 B
	Current Liabilities	2.66 B
	Net Asset	11.9 B

About Canadian Solar Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Canadian Solar's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canadian Solar using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canadian Solar based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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

0.47	KSCP	Knightscope	Pair Corr
0.39	EBON	Ebang International	Pair Corr

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 Correlation Correlation 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.

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