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Asset logo for symbol CSIQ
Canadian Solar
CSIQ53
$11.52arrow_drop_down3.27%-$0.39
Asset logo for symbol CSIQ
CSIQ53

$11.52

arrow_drop_down3.27%

Income Statement (CSIQ)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
EBIT$294.00K$73.50M$23.91M$79.76M-$392.34M
EBITDA$13.73M$195.50M$145.91M$189.76M$18.19M
gross Profit$247.43M$282.09M$282.09M$252.75M$213.40M
NET Income-$14.02M$3.82M$3.82M$12.35M-$1.38M
total Revenue$1.50B$1.63B$1.63B$1.32B$1.70B

Balance Sheet (CSIQ)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
cash Equivalents-----
net Debt$3.80B$2.74B$2.74B$2.28B$1.53B
stockholders Equity$2.87B$2.65B$2.65B$2.53B$2.55B
total Assets$13.77B$12.13B$12.13B$12.36B$11.89B
total Debt$5.97B$4.93B$4.93B$5.17B$4.47B
total Liabilities$9.74B$8.27B$8.27B$8.67B$8.19B

Cash Flow (CSIQ)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
financing Cash Flow$1.27B$184.24M$184.24M$723.41M$235.79M
free Cash Flow-$715.54M-$830.52M-$824.78M-$731.29M-$288.06M
investing Cash Flow-----$484.74M
operating Cash Flow-$230.96M-$429.33M-$426.68M-$291.48M$191.08M

Canadian Solar (CSIQ) Financials

Canadian Solar Inc (CSIQ) is a leading provider of solar energy solutions, offering a wide range of products and services to customers worldwide. The company's financials are an important aspect of its operations, providing insight into its performance and stability. In this section, we will take a closer look at the key financial metrics for Canadian Solar Inc.
Starting with the income statement, it provides a snapshot of the company's revenues, expenses, and net income. Canadian Solar Inc reported total revenue of $3.74 billion in the most recent fiscal year. This represents a significant increase from the previous year's revenue of $2.96 billion. Gross profit for the year was $701.9 million, reflecting a strong operating performance.
Moving on to the balance sheet, it shows the company's assets, liabilities, and stockholders' equity. Canadian Solar Inc's total assets stood at $4.63 billion, while its total liabilities were $3.52 billion. Stockholders' equity, which represents the value of the company's assets after deducting liabilities, was $1.11 billion.
In terms of profitability, Canadian Solar Inc achieved a net income of $237.9 million in the most recent fiscal year. This is a significant improvement from the previous year's net income of $96 million. Earnings before interest and taxes (EBIT) were $339.6 million, while earnings before interest, taxes, depreciation, and amortization (EBITDA) were $461.3 million.
Furthermore, the cash flow statement provides details on the company's cash flow from operating activities, investing activities, and financing activities. Canadian Solar Inc generated $522.5 million in operating cash flow, reflecting strong cash generation from its core operations. The company's investing cash flow was -$230.4 million, primarily driven by investments in property, plant, and equipment. Additionally, financing cash flow was -$275 million, which includes debt repayments and capital lease obligations.
It is also worth noting that Canadian Solar Inc has a net debt of $1.98 billion, indicating its borrowings exceed its cash and cash equivalents. However, the company maintains a strong stockholders' equity, which provides a cushion against financial risks. With a focus on sustainability and clean energy solutions, Canadian Solar Inc is well-positioned to capitalize on the growing demand for renewable energy.
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