Canadian Common Stock vs Net Tangible Assets 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 Common Stock and its Net Tangible Assets 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.

Common Stock vs Net Tangible Assets

Common Stock vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian Solar Common Stock account and Net Tangible Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between Canadian Solar's Common Stock and Net Tangible Assets is 0.66. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Net Tangible Assets 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 Common Stock and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Canadian Solar are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Common Stock i.e., Canadian Solar's Common Stock and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.66

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Common Stock

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

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

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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 Common Stock vs Net Tangible Assets Analysis

Common Stock vs Net Tangible Assets

Common Stock vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Common Stock

Net Tangible Assets

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