Canadian Solar Stock Total Debt
| CSIQ Stock | USD 17.45 0.18 1.04% |
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.
As of 05/15/2024, Total Debt To Capitalization is likely to drop to 0.47. Canadian | Total Debt |
Canadian Solar Company Total Debt Analysis
Canadian Solar's Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Current Canadian Solar Total Debt | 4.48 B |
Most of Canadian Solar's fundamental indicators, such as Total Debt, 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 Total Debt 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 Total Debt. 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.
Click cells to compare fundamentals
Canadian Total Debt 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 total debt 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 total debt as a starting point in their analysis.
Canadian Solar Total Debt |
| Timeline |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
| Competition |
Canadian Net Debt
Net Debt |
|
Based on the latest financial disclosure, Canadian Solar has a Total Debt of 4.48 B. This is 177.68% higher than that of the Semiconductors & Semiconductor Equipment sector and significantly higher than that of the Information Technology industry. The total debt for all United States stocks is 15.83% higher than that of the company.
Canadian Total Debt 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 Total Debt 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 total debt category among related companies.
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 | 3.3B | 3.4B |
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 Solar Institutional Holders
Institutional Holdings refers to the ownership stake in Canadian Solar that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Canadian Solar's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Canadian Solar's value.| Shares | Goldman Sachs Group Inc | 2023-12-31 | 484.5 K | Skandinaviska Enskilda Banken Ab | 2023-12-31 | 438 K | Simplex Trading, Llc | 2023-12-31 | 401.4 K | Susquehanna International Group, Llp | 2023-12-31 | 337 K | State Street Corporation | 2023-12-31 | 333.3 K | Creative Planning Inc | 2023-12-31 | 284.4 K | Granahan Investment Management Inc.. | 2023-12-31 | 279.2 K | Hussman Strategic Advisors Inc | 2023-12-31 | 262.5 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 235.3 K | Blackrock Inc | 2023-12-31 | 6 M | Grantham, Mayo, Van Otterloo & Co., Llc | 2023-12-31 | 5.3 M |
Canadian Fundamentals
| Return On Equity | 0.12 | ||||
| Return On Asset | 0.0281 | ||||
| Profit Margin | 0.04 % | ||||
| Operating Margin | 0.01 % | ||||
| Current Valuation | 4.11 B | ||||
| Shares Outstanding | 66.16 M | ||||
| Shares Owned By Insiders | 28.13 % | ||||
| Shares Owned By Institutions | 57.04 % | ||||
| Number Of Shares Shorted | 7.65 M | ||||
| Price To Earning | 14.22 X | ||||
| Price To Book | 0.41 X | ||||
| Price To Sales | 0.13 X | ||||
| Revenue | 7.61 B | ||||
| Gross Profit | 1.26 B | ||||
| EBITDA | 806.88 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 | 38.68 X | ||||
| Cash Flow From Operations | 684.62 M | ||||
| Short Ratio | 3.83 X | ||||
| Earnings Per Share | 3.87 X | ||||
| Price To Earnings To Growth | 0.19 X | ||||
| Target Price | 29.14 | ||||
| Number Of Employees | 22.23 K | ||||
| Beta | 1.29 | ||||
| Market Capitalization | 1.14 B | ||||
| 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.
Canadian Solar Investors Sentiment
The influence of Canadian Solar's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Canadian. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Canadian Solar's public news can be used to forecast risks associated with an investment in Canadian. The trend in average sentiment can be used to explain how an investor holding Canadian can time the market purely based on public headlines and social activities around Canadian Solar. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Canadian Solar's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Canadian Solar's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Canadian Solar's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Canadian Solar.
Canadian Solar Implied Volatility | 95.29 |
Canadian Solar's implied volatility exposes the market's sentiment of Canadian Solar stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Canadian Solar's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Canadian Solar stock will not fluctuate a lot when Canadian Solar's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Canadian Solar in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Canadian Solar's short interest history, or implied volatility extrapolated from Canadian Solar options trading.
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 together with Canadian Stock
| 0.67 | MPWR | Monolithic Power Systems | PairCorr |
| 0.61 | AEIS | Advanced Energy Indu | PairCorr |
| 0.75 | EPAM | EPAM Systems | PairCorr |
Moving against Canadian Stock
| 0.79 | BLIN | Bridgeline Digital Financial Report 20th of May 2024 | PairCorr |
| 0.65 | MSI | Motorola Solutions | PairCorr |
| 0.45 | MRIN | Marin Software | PairCorr |
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.Check out Canadian Solar Piotroski F Score and Canadian Solar Altman Z Score analysis. To learn how to invest in Canadian Stock, please use our How to Invest in Canadian Solar guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary 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.
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Stocks Directory Find actively traded stocks across global markets | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format |
Is Canadian Solar's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canadian Solar. If investors know Canadian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canadian Solar listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.71) | Earnings Share 3.87 | Revenue Per Share 116.461 | Quarterly Revenue Growth (0.14) | Return On Assets 0.0281 |
The market value of Canadian Solar is measured differently than its book value, which is the value of Canadian that is recorded on the company's balance sheet. Investors also form their own opinion of Canadian Solar's value that differs from its market value or its book value, called intrinsic value, which is Canadian Solar's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canadian Solar's market value can be influenced by many factors that don't directly affect Canadian Solar's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Canadian Solar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian Solar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian Solar's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.