Canadian Solar Balance Sheet - Annual (NASDAQ:CSIQ)

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$16.6 $1.11 (7.17%) CSIQ stock closing price Mar 19, 2018 (Closing)

The fundamental analysis of this company requires a thorough look at Canadian Solar balance sheet. Financial strength can be guaged by performing Canadian Solar stock analysis and by analyzing the balance sheet. Annual results are typically accompanied with the company releasing financial statements. Canadian Solar balance sheet indicates an asset turnover ratio of 0.62 and debt to equity ratio of 3.04. Also check Canadian Solar revenue and Canadian Solar operating cash flow for the same period.

View latest 10 year balance sheet data to check Canadian Solar financial performance.
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Fiscal year is Jan - Dec201620152014201320122011201020092008
Marketable Securities12.27M6.25M9.64M7.32M1.35M----
Raw Materials71.65M97.33M95.22M52.61M40.19M----
Work In Progress22.77M18.9M33.2M25.18M16.73M----
Finished Goods200.94M218.25M303.89M153.36M217.51M----
Notes Receivable---------
Other Current Assets2.01B251.35M465.86M486.43M317.47M-116.66M98.62M58.44M
Total Current Assets
Property Plant & Equipment882.73M1.93B820.26M691.49M672.03M----
Accumulated Depreciation420.39M400.1M350.92M283.88M202.39M----
Net Property Plant & Equipment
Investment & Advances437.98M216.94M39.3M34.57M27.2M-5.67M7.1M3M
Other Non-Current Assets---------
Deferred Charges229.98M97.13M66.85M62.95M39.08M-16.72M10.91M6.99M
Deposits & Other Assets357.43M221.03M174.42M223.59M276.85M-19.77M37.03M43.38M
Total Assets
Notes Payable428.09M473.24M388.05M358.57M231.13M-520.48M356.92M110.66M
Accounts Payable440.11M512.51M412.93M280.8M230.49M-113.4M92.27M29.95M
Current Portion Long-Term Debt1.6B1.16B725.51M778.51M858.92M----
Current Portion Capital Leases---------
Accrued Expenses---------
Income Taxes Payable-1.42M94.71M------
Other Current Liabilities1.25B512.56M328.05M360.46M219.69M-111.44M65.75M32.04M
Total Current Liabilities
Deferred Taxes/Income23.34M19.03M10.34M24.04M56.15M----
Convertible Debt125.56M150M150M-----1M
Long-Term Debt493.45M623.93M134.29M151.39M214.56M-99.45M29.29M45.35M
Non-Current Capital Leases---------
Other Long-Term Liabilities143.77M135.45M96.42M87.49M101.59M-42.68M27.6M19.55M
Total Liabilities
Minority Interest--2.51M10.94M45.16M----
Preferred Stock---------
Common Stock Net701.28M677.1M675.23M561.24M502.56M-501.14M500.32M294.7M
Capital Surplus-8.89M-17.13M-25.68M-32.12M-38.29M--57.39M-61.26M35.53M
Retained Earnings284.1M218.86M46.99M-192.5M-224.16M-62.11M11.54M-12.99M
Treasury Stock---------
Other Liabilities-77.1M-46.31M33.02M64.88M61.48M-29.12M15.4M14.91M
Shareholders Equity899.39M832.51M729.57M401.49M301.58M-534.98M466M332.16M
Total Liabilities & Shareholders Equity5.41B4.42B3.07B2.45B2.26B-1.42B1.04B570.73M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Looking at Canadian Solar historical stock prices and the current Canadian Solar stock price can tell you how the stock price has moved, whereas the Canadian Solar PE ratio chart shows if its shares are overpriced in comparison to peers. The important things to look for in a balance sheet are:

  • Assets: CSIQ total assets, which was at $5.41B for 2016 is a balance sheet item representing value of what Canadian Solar owns. Assets are brought to aid a firms operations, or to increase its economic value. It must be noted that tech stocks may not have a lot of assets, as the value for these companies is often derived from future earning potential.
  • Liabilities include short term loans and long term loans availed by the company to fund its business operations. CSIQ stock had total liabilities of $4.51B for the year 2016.

Canadian Solar Balance Sheet - Key Ratios

Current ratio
Debt to equity ratio
Asset turnover ratio
Receivables turnover
Price to book ratio