Canadian Capital Surpluse vs Short Term Investments Analysis

CSIQ Stock

USD 19.87 0.23 1.17%

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 Capital Surpluse and its Short Term Investments 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 tightly coupled 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.

Capital Surpluse vs Short Term Investments

Capital Surpluse vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian Solar Capital Surpluse account and Short Term Investments. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Canadian Solar's Capital Surpluse and Short Term Investments is -0.7. Overlapping area represents the amount of variation of Capital Surpluse that can explain the historical movement of Short Term Investments 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 Capital Surpluse and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Surpluse of Canadian Solar are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Capital Surpluse i.e., Canadian Solar's Capital Surpluse and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.7

Relationship Direction	Negative
Relationship Strength	Weak

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Capital Surpluse

Short Term Investments

Short Term Investments is an item under the current assets section of Canadian Solar balance sheet. It contains any investments Canadian Solar undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Canadian Solar can easily liquidate in the marketplace.

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 tightly coupled 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 06/04/2024, Enterprise Value is likely to grow to about 3.4 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	0.57	0.91	0.97	0.96	0.94	0.91	0.95	0.64	0.9	0.79	0.99	0.91	0.97	0.96	0.98	0.94	0.37	0.98	0.24	0.9	-0.47	0.69	0.95
Total Stockholder Equity	0.98		0.91	0.57	0.89	0.95	0.96	0.95	0.89	0.95	0.64	0.91	0.76	0.96	0.88	0.95	0.91	0.94	0.98	0.27	0.96	0.21	0.95	-0.51	0.68	0.94
Property Plant And Equipment Net	0.93	0.91		0.3	0.97	0.99	0.92	0.81	0.97	0.9	0.42	0.86	0.91	0.9	1.0	0.81	0.89	0.85	0.88	0.23	0.97	-0.1	0.78	-0.31	0.47	0.95
Net Debt	0.57	0.57	0.3		0.18	0.4	0.47	0.69	0.18	0.62	0.79	0.56	0.01	0.63	0.22	0.72	0.5	0.68	0.58	0.48	0.47	0.62	0.68	-0.45	0.76	0.52
Cash	0.91	0.89	0.97	0.18		0.96	0.91	0.78	1.0	0.83	0.37	0.8	0.94	0.87	0.98	0.79	0.89	0.82	0.85	0.18	0.94	-0.05	0.75	-0.35	0.43	0.88
Non Current Assets Total	0.97	0.95	0.99	0.4	0.96		0.96	0.88	0.96	0.92	0.5	0.86	0.9	0.95	0.98	0.87	0.93	0.91	0.91	0.27	0.99	0.04	0.83	-0.39	0.55	0.96
Non Currrent Assets Other	0.96	0.96	0.92	0.47	0.91	0.96		0.95	0.91	0.89	0.53	0.85	0.83	0.93	0.91	0.89	0.91	0.9	0.94	0.18	0.96	0.16	0.9	-0.5	0.58	0.9
Other Assets	0.94	0.95	0.81	0.69	0.78	0.88	0.95		0.78	0.89	0.66	0.85	0.64	0.93	0.77	0.94	0.86	0.92	0.95	0.25	0.91	0.35	0.96	-0.56	0.7	0.87
Cash And Short Term Investments	0.91	0.89	0.97	0.18	1.0	0.96	0.91	0.78		0.83	0.37	0.8	0.94	0.87	0.98	0.79	0.89	0.82	0.85	0.18	0.94	-0.05	0.75	-0.35	0.43	0.88
Net Receivables	0.95	0.95	0.9	0.62	0.83	0.92	0.89	0.89	0.83		0.67	0.95	0.7	0.95	0.86	0.92	0.87	0.93	0.92	0.36	0.94	0.1	0.88	-0.36	0.72	0.96
Common Stock Shares Outstanding	0.64	0.64	0.42	0.79	0.37	0.5	0.53	0.66	0.37	0.67		0.57	0.16	0.67	0.36	0.74	0.54	0.71	0.56	0.73	0.55	0.48	0.68	-0.13	0.95	0.58
Inventory	0.9	0.91	0.86	0.56	0.8	0.86	0.85	0.85	0.8	0.95	0.57		0.64	0.88	0.82	0.88	0.79	0.86	0.9	0.24	0.89	0.0	0.88	-0.38	0.61	0.92
Other Stockholder Equity	0.79	0.76	0.91	0.01	0.94	0.9	0.83	0.64	0.94	0.7	0.16	0.64		0.75	0.95	0.63	0.84	0.69	0.73	0.07	0.85	-0.14	0.56	-0.33	0.21	0.75
Total Liab	0.99	0.96	0.9	0.63	0.87	0.95	0.93	0.93	0.87	0.95	0.67	0.88	0.75		0.87	0.98	0.96	0.99	0.92	0.44	0.97	0.3	0.89	-0.45	0.72	0.93
Property Plant And Equipment Gross	0.91	0.88	1.0	0.22	0.98	0.98	0.91	0.77	0.98	0.86	0.36	0.82	0.95	0.87		0.77	0.88	0.82	0.85	0.19	0.96	-0.13	0.74	-0.3	0.42	0.92
Total Current Assets	0.97	0.95	0.81	0.72	0.79	0.87	0.89	0.94	0.79	0.92	0.74	0.88	0.63	0.98	0.77		0.92	0.99	0.91	0.44	0.91	0.42	0.91	-0.52	0.79	0.87
Other Current Liab	0.96	0.91	0.89	0.5	0.89	0.93	0.91	0.86	0.89	0.87	0.54	0.79	0.84	0.96	0.88	0.92		0.96	0.87	0.36	0.93	0.33	0.79	-0.52	0.59	0.85
Total Current Liabilities	0.98	0.94	0.85	0.68	0.82	0.91	0.9	0.92	0.82	0.93	0.71	0.86	0.69	0.99	0.82	0.99	0.96		0.9	0.48	0.93	0.39	0.88	-0.47	0.76	0.9
Retained Earnings	0.94	0.98	0.88	0.58	0.85	0.91	0.94	0.95	0.85	0.92	0.56	0.9	0.73	0.92	0.85	0.91	0.87	0.9		0.16	0.93	0.19	0.94	-0.62	0.58	0.92
Accounts Payable	0.37	0.27	0.23	0.48	0.18	0.27	0.18	0.25	0.18	0.36	0.73	0.24	0.07	0.44	0.19	0.44	0.36	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	0.47	0.94	0.99	0.96	0.91	0.94	0.94	0.55	0.89	0.85	0.97	0.96	0.91	0.93	0.93	0.93	0.31		0.08	0.87	-0.39	0.6	0.97
Other Current Assets	0.24	0.21	-0.1	0.62	-0.05	0.04	0.16	0.35	-0.05	0.1	0.48	0.0	-0.14	0.3	-0.13	0.42	0.33	0.39	0.19	0.34	0.08		0.3	-0.49	0.49	-0.01
Other Liab	0.9	0.95	0.78	0.68	0.75	0.83	0.9	0.96	0.75	0.88	0.68	0.88	0.56	0.89	0.74	0.91	0.79	0.88	0.94	0.2	0.87	0.3		-0.54	0.72	0.87
Short Term Investments	-0.47	-0.51	-0.31	-0.45	-0.35	-0.39	-0.5	-0.56	-0.35	-0.36	-0.13	-0.38	-0.33	-0.45	-0.3	-0.52	-0.52	-0.47	-0.62	0.27	-0.39	-0.49	-0.54		-0.11	-0.32
Common Stock	0.69	0.68	0.47	0.76	0.43	0.55	0.58	0.7	0.43	0.72	0.95	0.61	0.21	0.72	0.42	0.79	0.59	0.76	0.58	0.68	0.6	0.49	0.72	-0.11		0.62
Property Plant Equipment	0.95	0.94	0.95	0.52	0.88	0.96	0.9	0.87	0.88	0.96	0.58	0.92	0.75	0.93	0.92	0.87	0.85	0.9	0.92	0.33	0.97	-0.01	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	1.5B	1.0B
Cash	668.8M	1.2B	869.8M	981.4M	2.9B	3.1B
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	1.1B	1.2B
Cash And Short Term Investments	668.8M	1.2B	869.8M	981.4M	2.9B	3.1B
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	1.4B	1.4B
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	5.8B	6.1B
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	1.1B	1.0B	653.9M	292.9M	533.7M
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	2.9B	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

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Canadian Capital Surpluse vs Short Term Investments Analysis

Capital Surpluse vs Short Term Investments

Capital Surpluse vs Short Term Investments Correlation Analysis

Correlation Coefficient

Capital Surpluse

Short Term Investments

Canadian Solar fundamental ratios Correlations

Canadian Solar Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canadian Solar fundamental ratios Accounts

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Additional Tools for Canadian Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Non Current Liabilities Total	+ 0.99	Non Current Assets Total
Total Current Liabilities	+ 0.99	Total Liab

Short Term Investments	- 0.62	Retained Earnings
Short Term Investments	- 0.56	Other Assets
Short Term Investments	- 0.54	Other Liab
Short Term Investments	- 0.52	Other Current Liab
Short Term Investments	- 0.52	Total Current Assets
Short Term Investments	- 0.51	Total Stockholder Equity