Canadian Deferred Long Term Liab vs Long Term Debt Analysis

CSIQ Stock

USD 12.76 0.33 2.65%

Canadian Solar financial indicator trend analysis is way more than just evaluating Canadian Solar prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canadian Solar is a good investment. Please check the relationship between Canadian Solar Deferred Long Term Liab and its Long Term Debt accounts. 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.

Deferred Long Term Liab vs Long Term Debt

Deferred Long Term Liab vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian Solar Deferred Long Term Liab account and Long Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Canadian Solar's Deferred Long Term Liab and Long Term Debt is -0.3. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Canadian Solar, assuming nothing else is changed. The correlation between historical values of Canadian Solar's Deferred Long Term Liab and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Deferred Long Term Liab of Canadian Solar are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Deferred Long Term Liab i.e., Canadian Solar's Deferred Long Term Liab and Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.3

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.

Long Term Debt

Long-term debt is a debt that Canadian Solar has held for over one year. Long-term debt appears on Canadian Solar balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Canadian Solar balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from Canadian Solar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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 Issuance Of Capital Stock is relatively stable compared to the past year. As of 11/28/2024, Enterprise Value is likely to grow to about 4.5 B, while Selling General Administrative is likely to drop slightly above 318.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	909.3M	1.3B	1.3B	1.3B
Total Revenue	5.3B	7.5B	7.6B	8.0B

Gross Profit Total Revenue

Canadian Solar fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Current Liab	Total Current Liabilities	Retained Earnings	Accounts Payable	Non Current Liabilities Total	Other Current Assets	Other Liab	Short Term Investments	Common Stock	Property Plant Equipment
Total Assets		0.98	0.93	0.91	0.95	0.97	0.96	-0.04	0.95	0.95	0.64	0.87	0.79	0.99	0.91	0.98	0.96	0.98	0.94	0.37	0.98	0.84	0.9	-0.47	0.69	0.95
Total Stockholder Equity	0.98		0.91	0.88	0.95	0.95	0.96	0.01	0.95	0.95	0.64	0.89	0.76	0.96	0.88	0.96	0.91	0.94	0.98	0.27	0.96	0.82	0.95	-0.51	0.68	0.94
Property Plant And Equipment Net	0.93	0.91		0.74	0.96	0.99	0.92	-0.34	0.96	0.9	0.42	0.79	0.91	0.9	1.0	0.83	0.89	0.85	0.88	0.23	0.97	0.6	0.78	-0.31	0.47	0.95
Net Debt	0.91	0.88	0.74		0.74	0.81	0.84	0.3	0.74	0.9	0.73	0.83	0.53	0.93	0.69	0.94	0.86	0.95	0.87	0.42	0.85	0.9	0.89	-0.53	0.78	0.85
Cash	0.95	0.95	0.96	0.74		0.96	0.93	-0.24	1.0	0.87	0.5	0.8	0.86	0.92	0.95	0.88	0.9	0.88	0.91	0.25	0.96	0.7	0.84	-0.39	0.54	0.92
Non Current Assets Total	0.97	0.95	0.99	0.81	0.96		0.96	-0.24	0.96	0.92	0.5	0.81	0.9	0.95	0.98	0.89	0.93	0.91	0.91	0.27	0.99	0.69	0.83	-0.39	0.55	0.96
Non Currrent Assets Other	0.96	0.96	0.92	0.84	0.93	0.96		-0.07	0.93	0.89	0.53	0.81	0.83	0.93	0.91	0.9	0.91	0.9	0.94	0.18	0.96	0.76	0.9	-0.5	0.58	0.9
Other Assets	-0.04	0.01	-0.34	0.3	-0.24	-0.24	-0.07		-0.24	0.02	0.46	0.12	-0.59	0.0	-0.42	0.12	-0.16	0.07	0.07	0.17	-0.15	0.32	0.25	-0.23	0.42	-0.08
Cash And Short Term Investments	0.95	0.95	0.96	0.74	1.0	0.96	0.93	-0.24		0.87	0.5	0.8	0.86	0.92	0.95	0.88	0.9	0.88	0.91	0.25	0.96	0.7	0.84	-0.39	0.54	0.92
Net Receivables	0.95	0.95	0.9	0.9	0.87	0.92	0.89	0.02	0.87		0.67	0.93	0.7	0.95	0.86	0.93	0.87	0.93	0.92	0.36	0.94	0.75	0.88	-0.36	0.72	0.96
Common Stock Shares Outstanding	0.64	0.64	0.42	0.73	0.5	0.5	0.53	0.46	0.5	0.67		0.6	0.16	0.67	0.36	0.72	0.53	0.71	0.56	0.73	0.55	0.67	0.68	-0.13	0.95	0.58
Inventory	0.87	0.89	0.79	0.83	0.8	0.81	0.81	0.12	0.8	0.93	0.6		0.55	0.85	0.75	0.87	0.73	0.84	0.88	0.25	0.85	0.72	0.88	-0.38	0.64	0.89
Other Stockholder Equity	0.79	0.76	0.91	0.53	0.86	0.9	0.83	-0.59	0.86	0.7	0.16	0.55		0.75	0.95	0.66	0.84	0.69	0.73	0.07	0.85	0.45	0.56	-0.33	0.21	0.75
Total Liab	0.99	0.96	0.9	0.93	0.92	0.95	0.93	0.0	0.92	0.95	0.67	0.85	0.75		0.87	0.98	0.96	0.99	0.92	0.44	0.97	0.86	0.89	-0.45	0.72	0.93
Property Plant And Equipment Gross	0.91	0.88	1.0	0.69	0.95	0.98	0.91	-0.42	0.95	0.86	0.36	0.75	0.95	0.87		0.8	0.88	0.82	0.85	0.19	0.96	0.56	0.74	-0.3	0.42	0.92
Total Current Assets	0.98	0.96	0.83	0.94	0.88	0.89	0.9	0.12	0.88	0.93	0.72	0.87	0.66	0.98	0.8		0.94	0.99	0.92	0.43	0.92	0.92	0.91	-0.51	0.77	0.88
Other Current Liab	0.96	0.91	0.89	0.86	0.9	0.93	0.91	-0.16	0.9	0.87	0.53	0.73	0.84	0.96	0.88	0.94		0.96	0.86	0.35	0.93	0.84	0.79	-0.52	0.59	0.85
Total Current Liabilities	0.98	0.94	0.85	0.95	0.88	0.91	0.9	0.07	0.88	0.93	0.71	0.84	0.69	0.99	0.82	0.99	0.96		0.9	0.48	0.93	0.89	0.88	-0.47	0.76	0.9
Retained Earnings	0.94	0.98	0.88	0.87	0.91	0.91	0.94	0.07	0.91	0.92	0.56	0.88	0.73	0.92	0.85	0.92	0.86	0.9		0.16	0.93	0.81	0.94	-0.62	0.58	0.92
Accounts Payable	0.37	0.27	0.23	0.42	0.25	0.27	0.18	0.17	0.25	0.36	0.73	0.25	0.07	0.44	0.19	0.43	0.35	0.48	0.16		0.31	0.34	0.2	0.27	0.68	0.33
Non Current Liabilities Total	0.98	0.96	0.97	0.85	0.96	0.99	0.96	-0.15	0.96	0.94	0.55	0.85	0.85	0.97	0.96	0.92	0.93	0.93	0.93	0.31		0.73	0.87	-0.39	0.6	0.97
Other Current Assets	0.84	0.82	0.6	0.9	0.7	0.69	0.76	0.32	0.7	0.75	0.67	0.72	0.45	0.86	0.56	0.92	0.84	0.89	0.81	0.34	0.73		0.84	-0.67	0.69	0.67
Other Liab	0.9	0.95	0.78	0.89	0.84	0.83	0.9	0.25	0.84	0.88	0.68	0.88	0.56	0.89	0.74	0.91	0.79	0.88	0.94	0.2	0.87	0.84		-0.54	0.72	0.87
Short Term Investments	-0.47	-0.51	-0.31	-0.53	-0.39	-0.39	-0.5	-0.23	-0.39	-0.36	-0.13	-0.38	-0.33	-0.45	-0.3	-0.51	-0.52	-0.47	-0.62	0.27	-0.39	-0.67	-0.54		-0.11	-0.32
Common Stock	0.69	0.68	0.47	0.78	0.54	0.55	0.58	0.42	0.54	0.72	0.95	0.64	0.21	0.72	0.42	0.77	0.59	0.76	0.58	0.68	0.6	0.69	0.72	-0.11		0.62
Property Plant Equipment	0.95	0.94	0.95	0.85	0.92	0.96	0.9	-0.08	0.92	0.96	0.58	0.89	0.75	0.93	0.92	0.88	0.85	0.9	0.92	0.33	0.97	0.67	0.87	-0.32	0.62

Click cells to compare fundamentals

Canadian Solar Account Relationship Matchups

Canadian Solar fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.5B	6.5B	7.4B	9.0B	11.9B	12.5B
Total Stockholder Equity	1.4B	1.6B	1.8B	1.9B	2.6B	2.7B
Property Plant And Equipment Net	1.1B	1.3B	1.5B	2.2B	4.3B	4.5B
Net Debt	1.8B	1.6B	2.4B	3.0B	2.5B	2.7B
Cash	668.8M	1.2B	869.8M	981.4M	1.9B	2.0B
Non Current Assets Total	2.2B	2.4B	2.6B	3.4B	6.1B	6.4B
Non Currrent Assets Other	687.1M	674.5M	645.8M	734.9M	1.2B	1.3B
Other Assets	841.1M	845.1M	882.3M	963.0M	(280.8M)	(266.8M)
Cash And Short Term Investments	668.8M	1.2B	869.8M	981.4M	1.9B	2.0B
Net Receivables	592.2M	545.7M	887.5M	1.2B	1.2B	1.3B
Common Stock Shares Outstanding	60.8M	62.3M	68.9M	71.2M	72.2M	49.4M
Liabilities And Stockholders Equity	5.5B	6.5B	7.4B	9.0B	11.9B	12.5B
Inventory	554.1M	696.0M	1.2B	1.5B	1.2B	1.2B
Other Stockholder Equity	5.3M	(28.2M)	(19.4M)	1.1M	292.7M	307.4M
Total Liab	4.0B	4.6B	5.3B	6.7B	8.2B	8.6B
Property Plant And Equipment Gross	1.1B	1.3B	1.5B	2.2B	5.4B	5.6B
Total Current Assets	3.3B	4.2B	4.8B	5.6B	6.1B	6.4B
Other Current Liab	588.5M	757.2M	913.4M	1.2B	2.0B	2.1B
Total Current Liabilities	3.1B	3.6B	4.0B	5.3B	5.9B	6.2B
Retained Earnings	793.6M	940.3M	1.0B	1.3B	1.5B	1.6B
Accounts Payable	585.6M	514.7M	503.0M	805.3M	813.7M	458.0M
Non Current Liabilities Total	950.2M	1.1B	1.2B	1.5B	2.3B	2.4B
Other Current Assets	857.6M	1.8B	1.8B	1.9B	1.8B	1.9B
Accumulated Other Comprehensive Income	(109.6M)	(28.7M)	(50.6M)	(170.6M)	(118.7M)	(112.8M)
Other Liab	295.0M	370.8M	452.2M	360.6M	414.6M	435.4M
Common Stock	702.9M	703.8M	687.0M	835.5M	752.0M	714.4M
Property Plant Equipment	1.1B	1.3B	1.5B	2.3B	2.6B	2.8B
Short Long Term Debt Total	2.4B	2.8B	3.3B	4.0B	4.5B	4.7B
Current Deferred Revenue	134.8M	189.5M	135.5M	334.9M	392.3M	465.7M
Long Term Debt	619.5M	669.3M	748.3M	1.0B	1.7B	1.7B
Short Term Debt	1.8B	2.1B	2.5B	3.0B	2.7B	2.8B
Intangible Assets	83.6M	84.8M	90.0M	85.6M	19.7M	18.7M
Common Stock Total Equity	702.2M	702.9M	703.8M	687.0M	790.1M	705.7M
Net Tangible Assets	1.3B	1.5B	1.7B	1.9B	2.2B	1.2B
Long Term Investments	152.8M	78.3M	98.8M	115.8M	236.9M	185.1M
Short Long Term Debt	1.8B	2.1B	2.5B	2.9B	2.7B	1.9B

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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