Canadian Long Term Investments vs Retained Earnings Analysis
CSIQ Stock | USD 18.72 1.15 5.79% |
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 Long Term Investments and its Retained Earnings 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.
Long Term Investments vs Retained Earnings
Long Term Investments vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian Solar Long Term Investments account and Retained Earnings. At this time, the significance of the direction appears to have very week relationship.
The correlation between Canadian Solar's Long Term Investments and Retained Earnings is 0.28. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Retained Earnings 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 Long Term Investments and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Canadian Solar are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Long Term Investments i.e., Canadian Solar's Long Term Investments and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.28 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Long Term Investments
Long Term Investments is an item on the asset side of Canadian Solar balance sheet that represents investments Canadian Solar intends to hold for over a year. Canadian Solar long term investments may include different instruments such as stocks, bonds, real estate and cash.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.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 |
Canadian Solar fundamental ratios Correlations
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Canadian Solar Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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