Canadian Solar Inc.

Canadian Solar Inc.verified

CSIQ

Price:

$13.86

Market Cap:

$917.18M

Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power and battery storage products in Asia, the Americas, Europe, and internationally. The company operates through two segments, Canadian Solar Inc. (CSI) Solar and Global Energy. The CSI Solar segment offers standard solar modules and battery storage solutions, as well as solar system kits that are a ready-to-install packages comprising inverters, racking systems, and other accessories; and engineering, procurement, and construction (EPC) services. The Global Energy segment engages in the development, construction, maintenance, and sale of so...[Read more]

Industry

Solar

IPO Date

2006-11-09

Stock Exchange

NASDAQ

Ticker

CSIQ

The Current Ratio as of September 2024 (TTM) for Canadian Solar Inc. (CSIQ) is 0.94

According to Canadian Solar Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.94. This represents a change of -7.87% compared to the average of 1.02 of the last 4 quarters.

Canadian Solar Inc. (CSIQ) Historical Current Ratio (quarterly & annually)

How has CSIQ Current Ratio performed in the past?

The mean historical Current Ratio of Canadian Solar Inc. over the last ten years is 1.06. The current 0.94 Current Ratio has changed 8.77% with respect to the historical average. Over the past ten years (40 quarters), CSIQ's Current Ratio was at its highest in in the September 2020 quarter at 1.24. The Current Ratio was at its lowest in in the June 2016 quarter at 0.81.

Quarterly (TTM)
Annual

Average

1.06

Median

1.05

Minimum

0.85

Maximum

1.19

Canadian Solar Inc. (CSIQ) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Canadian Solar Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 22.89%

Maximum Annual Current Ratio = 1.19

Minimum Annual Increase = -28.26%

Minimum Annual Current Ratio = 0.85

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.99-7.63%
20221.07-9.17%
20211.181.30%
20201.1710.88%
20191.050.89%
20181.044.85%
20170.99-2.38%
20161.0219.52%
20150.85-28.26%
20141.1922.89%

Canadian Solar Inc. (CSIQ) Average Current Ratio

How has CSIQ Current Ratio performed in the past?

The current Current Ratio of Canadian Solar Inc. (CSIQ) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.08

5-year avg

1.09

10-year avg

1.06

Canadian Solar Inc. (CSIQ) Current Ratio vs. Peers

How is CSIQ’s Current Ratio compared to its peers?

Canadian Solar Inc.’s Current Ratio is less than Maxeon Solar Technologies, Ltd. (1.36), less than SunPower Corporation (0.94), less than SolarEdge Technologies, Inc. (5.10), less than Sunnova Energy International Inc. (0.97), less than Enphase Energy, Inc. (4.23), less than Sunrun Inc. (1.66), less than First Solar, Inc. (2.23),

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Frequently asked questions❓

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