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Asset logo for symbol CSIQ
Canadian Solar
CSIQ55
$11.91arrow_drop_down4.79%-$0.60
Asset logo for symbol CSIQ
CSIQ55

$11.91

arrow_drop_down4.79%

Income Statement (CSIQ)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
EBIT-$23.91M$35.36M-$399.42M$224.12M
EBITDA-$145.91M$145.36M$11.11M$233.57M
gross Profit$282.09M$282.09M$252.75M$213.40M$440.57M
NET Income$3.82M$3.82M$12.35M-$1.38M$169.97M
total Revenue$1.63B$1.63B$1.32B$1.70B$2.36B

Balance Sheet (CSIQ)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
cash Equivalents-----
net Debt$3.18B$2.74B$2.28B$1.53B$2.91B
stockholders Equity$2.65B$2.65B$2.53B$2.55B$2.44B
total Assets$12.13B$12.13B$12.36B$11.89B$11.19B
total Debt-$4.93B$5.17B$4.47B$4.92B
total Liabilities$8.34B$8.27B$8.67B$8.19B$7.75B

Cash Flow (CSIQ)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
financing Cash Flow$187.59M$184.24M$723.41M$235.79M$1.35B
free Cash Flow-$830.52M-$824.78M-$731.29M-$288.06M-$29.83M
investing Cash Flow----$484.74M-$337.32M
operating Cash Flow-$429.33M-$426.68M-$291.48M$191.08M$289.55M

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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