Canadian Solar Inc
Canadian Solar Inc., together with its subsidiaries, provides solar energy and battery energy storage products and solutions in Asia, the Americas, Europe, and internationally. It operates through two segments, CSI Solar and Recurrent Energy. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products. It also … Read more
Canadian Solar Inc (CSIQ) - Net Assets
Latest net assets as of September 2025: $4.36 Billion USD
Based on the latest financial reports, Canadian Solar Inc (CSIQ) has net assets worth $4.36 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($15.16 Billion) and total liabilities ($10.80 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.36 Billion |
| % of Total Assets | 28.76% |
| Annual Growth Rate | 47.7% |
| 5-Year Change | 119.24% |
| 10-Year Change | 398.47% |
| Growth Volatility | 312.13 |
Canadian Solar Inc - Net Assets Trend (2002–2024)
This chart illustrates how Canadian Solar Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Canadian Solar Inc (2002–2024)
The table below shows the annual net assets of Canadian Solar Inc from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $4.15 Billion | +12.00% |
| 2023-12-31 | $3.71 Billion | +60.63% |
| 2022-12-31 | $2.31 Billion | +8.48% |
| 2021-12-31 | $2.13 Billion | +12.34% |
| 2020-12-31 | $1.89 Billion | +32.82% |
| 2019-12-31 | $1.43 Billion | +11.96% |
| 2018-12-31 | $1.27 Billion | +20.11% |
| 2017-12-31 | $1.06 Billion | +17.83% |
| 2016-12-31 | $899.39 Million | +8.03% |
| 2015-12-31 | $832.51 Million | +14.11% |
| 2014-12-31 | $729.57 Million | +81.71% |
| 2013-12-31 | $401.50 Million | +33.13% |
| 2012-12-31 | $301.58 Million | -35.42% |
| 2011-12-31 | $466.98 Million | -12.71% |
| 2010-12-31 | $534.99 Million | +14.80% |
| 2009-12-31 | $466.00 Million | +40.29% |
| 2008-12-31 | $332.16 Million | +163.07% |
| 2007-12-31 | $126.27 Million | +11.83% |
| 2006-12-31 | $112.90 Million | +1520.53% |
| 2005-12-31 | $6.97 Million | +135.26% |
| 2004-12-31 | $2.96 Million | +95.80% |
| 2003-12-31 | $1.51 Million | +94.15% |
| 2002-12-31 | $779.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Canadian Solar Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 158575800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.59 Billion | 56.32% |
| Common Stock | $835.54 Million | 29.68% |
| Other Comprehensive Income | $-196.38 Million | -6.97% |
| Other Components | $590.58 Million | 20.98% |
| Total Equity | $2.82 Billion | 100.00% |
Canadian Solar Inc Competitors by Market Cap
The table below lists competitors of Canadian Solar Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Originaldow Advanced
SHG:603991
|
$868.78 Million |
|
Geron Corporation
NASDAQ:GERN
|
$868.81 Million |
|
Fujian Longma Envi Sanitation
SHG:603686
|
$869.10 Million |
|
Elders Limited
F:FTZ
|
$869.15 Million |
|
MasterBrand Inc.
NYSE:MBC
|
$868.53 Million |
|
Via Transportation, Inc.
NASDAQ:VIA
|
$868.44 Million |
|
Bank of Qingdao Co. Ltd
F:4BQ
|
$867.69 Million |
|
Changchun UP Optotech Co Ltd
SHE:002338
|
$867.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Canadian Solar Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,559,243,000 to 2,815,500,000, a change of 256,257,000 (10.0%).
- Net income of 36,051,000 contributed positively to equity growth.
- Share repurchases of 79,582,000 reduced equity.
- New share issuances of 482,244,000 increased equity.
- Other comprehensive income decreased equity by 77,635,000.
- Other factors decreased equity by 104,821,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $36.05 Million | +1.28% |
| Share Repurchases | $79.58 Million | -2.83% |
| Share Issuances | $482.24 Million | +17.13% |
| Other Comprehensive Income | $-77.64 Million | -2.76% |
| Other Changes | $-104.82 Million | -3.72% |
| Total Change | $- | 10.01% |
Book Value vs Market Value Analysis
This analysis compares Canadian Solar Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.44x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 364.21x to 0.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $0.05 | $18.39 | x |
| 2003-12-31 | $0.10 | $18.39 | x |
| 2004-12-31 | $0.11 | $18.39 | x |
| 2005-12-31 | $0.45 | $18.39 | x |
| 2006-12-31 | $5.95 | $18.39 | x |
| 2007-12-31 | $4.63 | $18.39 | x |
| 2008-12-31 | $10.52 | $18.39 | x |
| 2009-12-31 | $12.34 | $18.39 | x |
| 2010-12-31 | $12.23 | $18.39 | x |
| 2011-12-31 | $10.82 | $18.39 | x |
| 2012-12-31 | $6.74 | $18.39 | x |
| 2013-12-31 | $7.75 | $18.39 | x |
| 2014-12-31 | $12.07 | $18.39 | x |
| 2015-12-31 | $13.55 | $18.39 | x |
| 2016-12-31 | $15.24 | $18.39 | x |
| 2017-12-31 | $16.77 | $18.39 | x |
| 2018-12-31 | $19.67 | $18.39 | x |
| 2019-12-31 | $22.92 | $18.39 | x |
| 2020-12-31 | $25.20 | $18.39 | x |
| 2021-12-31 | $26.15 | $18.39 | x |
| 2022-12-31 | $27.28 | $18.39 | x |
| 2023-12-31 | $35.45 | $18.39 | x |
| 2024-12-31 | $42.06 | $18.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Canadian Solar Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.28%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.60%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 4.80x
- Recent ROE (1.28%) is below the historical average (13.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 80.23% | 15.46% | 1.63x | 3.18x | $547.10K |
| 2003 | 50.33% | 18.51% | 1.35x | 2.02x | $610.00K |
| 2004 | 49.19% | 15.04% | 1.58x | 2.08x | $1.16 Million |
| 2005 | 54.60% | 20.76% | 0.67x | 3.94x | $3.11 Million |
| 2006 | -8.35% | -13.82% | 0.53x | 1.15x | $-20.72 Million |
| 2007 | -0.17% | -0.07% | 1.06x | 2.25x | $-12.84 Million |
| 2008 | -2.83% | -1.33% | 1.24x | 1.72x | $-42.60 Million |
| 2009 | 4.86% | 3.59% | 0.61x | 2.23x | $-23.93 Million |
| 2010 | 9.46% | 3.38% | 1.05x | 2.66x | $-2.86 Million |
| 2011 | -19.49% | -4.78% | 1.01x | 4.03x | $-137.40 Million |
| 2012 | -67.19% | -15.10% | 0.57x | 7.77x | $-224.56 Million |
| 2013 | 8.11% | 1.91% | 0.67x | 6.28x | $-7.39 Million |
| 2014 | 33.42% | 8.09% | 0.96x | 4.29x | $167.84 Million |
| 2015 | 20.99% | 4.96% | 0.79x | 5.39x | $89.96 Million |
| 2016 | 7.38% | 2.29% | 0.53x | 6.11x | $-23.22 Million |
| 2017 | 9.65% | 2.94% | 0.58x | 5.71x | $-3.65 Million |
| 2018 | 19.35% | 6.33% | 0.77x | 3.99x | $114.52 Million |
| 2019 | 12.32% | 5.36% | 0.59x | 3.92x | $32.27 Million |
| 2020 | 9.34% | 4.22% | 0.53x | 4.16x | $-10.34 Million |
| 2021 | 5.29% | 1.80% | 0.71x | 4.10x | $-84.86 Million |
| 2022 | 12.36% | 3.21% | 0.83x | 4.65x | $45.80 Million |
| 2023 | 10.71% | 3.60% | 0.64x | 4.65x | $18.26 Million |
| 2024 | 1.28% | 0.60% | 0.44x | 4.80x | $-245.50 Million |
Industry Comparison
This section compares Canadian Solar Inc's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $10,735,907
- Average return on equity (ROE) among peers: 1.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Canadian Solar Inc (CSIQ) | $4.36 Billion | 80.23% | 2.48x | $868.69 Million |
| ABCO Energy Inc (ABCE) | $-190.65K | 0.00% | 0.00x | $11.90K |
| Advantagewon Oil Corporation (ANTGF) | $-1.30 Million | 0.00% | 0.00x | $547.13K |
| Advanced Powerline Technologies Inc (APWL) | $6.31 Million | -45.47% | 0.40x | $1.82 |
| Array Technologies Inc (ARRY) | $-25.72 Million | 0.00% | 0.00x | $972.65 Million |
| Ascent Solar Technologies, Inc. Common Stock (ASTI) | $139.62 Million | -9.47% | 0.10x | $18.06 Million |
| Beam Global (BEEM) | $-1.41 Million | 0.00% | 0.00x | $26.89 Million |
| Clear Blue Technologies International Inc (CBUTF) | $-215.24K | 0.00% | 0.00x | $834.08K |
| China Changjiang Mining & New Energy Co Ltd (CHJI) | $924.23K | 64.84% | 0.83x | $2.91K |
| Complete Solaria, Inc. Common Stock (CSLR) | $-21.39 Million | 0.00% | 0.00x | $89.72 Million |