Canadian Solar Balance Sheet - Annual (NASDAQ:CSIQ)

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$14.94 $0.06 (0.4%) CSIQ stock closing price Sep 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 0.5 and debt to equity ratio of 2.13. 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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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Cash1.18B998.55M1.09B989.5M679.4M564.32M-476.24M339.5M136.28M
Marketable Securities16.2M12.27M6.25M9.64M7.32M1.35M----
Receivables479.94M478.43M584.2M418.55M315.03M284.59M-169.65M151.54M51.61M
Inventory346.09M295.37M334.48M432.32M231.15M274.45M-272.09M164.31M92.68M
Raw Materials90.29M71.65M97.33M95.22M52.61M40.19M----
Work In Progress59.57M22.77M18.9M33.2M25.18M16.73M----
Finished Goods196.21M200.94M218.25M303.89M153.36M217.51M----
Notes Receivable----------
Other Current Assets2.06B2.01B251.35M465.86M486.43M317.47M-116.66M98.62M58.44M
Total Current Assets
4.09B3.79B2.26B2.32B1.72B1.44B-1.03B753.98M339.02M
Property Plant & Equipment1.22B882.73M1.93B820.26M691.49M672.03M----
Accumulated Depreciation470.06M420.39M400.1M350.92M283.88M202.39M----
Net Property Plant & Equipment
811.19M574.4M1.53B469.34M407.6M469.64M-330.46M217.13M165.54M
Investment & Advances463.45M437.98M216.94M39.3M34.57M27.2M-5.67M7.1M3M
Other Non-Current Assets----------
Deferred Charges131.79M229.98M97.13M66.85M62.95M39.08M-16.72M10.91M6.99M
Intangibles17.23M16.03M86.54M6.6M5.65M4.32M2.26M16.07M12.53M12.78M
Deposits & Other Assets380.64M357.43M221.03M174.42M223.59M276.85M-19.77M37.03M43.38M
Total Assets
5.89B5.41B4.42B3.07B2.45B2.26B2.26M1.42B1.04B570.73M
Notes Payable572.63M428.09M473.24M388.05M358.57M231.13M-520.48M356.92M110.66M
Accounts Payable402.96M440.11M512.51M412.93M280.8M230.49M-113.4M92.27M29.95M
Current Portion Long-Term Debt1.96B1.6B1.16B725.51M778.51M858.92M----
Current Portion Capital Leases----------
Accrued Expenses----------
Income Taxes Payable--1.42M94.71M------
Other Current Liabilities1.17B1.25B512.56M328.05M360.46M219.69M-111.44M65.75M32.04M
Total Current Liabilities
4.11B3.72B2.66B1.95B1.78B1.54B-745.33M514.94M172.66M
Mortgages----------
Deferred Taxes/Income-23.34M19.03M10.34M24.04M56.15M----
Convertible Debt126.47M125.56M150M150M-----1M
Long-Term Debt404.34M493.45M623.93M134.29M151.39M214.56M-99.45M29.29M45.35M
Non-Current Capital Leases----------
Other Long-Term Liabilities190.66M143.77M135.45M96.42M87.49M101.59M-42.68M27.6M19.55M
Total Liabilities
4.83B4.51B3.58B2.34B2.05B1.96B-888.38M572.7M238.57M
Minority Interest---2.51M10.94M45.16M----
Preferred Stock----------
Common Stock Net702.16M701.28M677.1M675.23M561.24M502.56M-501.14M500.32M294.7M
Capital Surplus--8.89M-17.13M-25.68M-32.12M-38.29M--57.39M-61.26M35.53M
Retained Earnings383.68M284.1M218.86M46.99M-192.5M-224.16M-62.11M11.54M-12.99M
Treasury Stock----------
Other Liabilities-26.48M-77.1M-46.31M33.02M64.88M61.48M-29.12M15.4M14.91M
Shareholders Equity1.06B899.39M832.51M729.57M401.49M301.58M-534.98M466M332.16M
Total Liabilities & Shareholders Equity5.89B5.41B4.42B3.07B2.45B2.26B-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 $5.89B for 2017 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 $4.83B for the year 2017.

Canadian Solar Balance Sheet - Key Ratios

Current ratio
0.93
Debt to equity ratio
2.13
Asset turnover ratio
0.5
Receivables turnover
8.2
Price to book ratio
0.84