Canadian Solar Inc (CSIQ) — Tangible Net Worth Ratio
Canadian Solar Inc (CSIQ) has a Tangible Net Worth Ratio of 99.3% as of September 2025. This metric is calculated by deducting intangible assets ($31.99 Million) from net assets ($4.36 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore Canadian Solar Inc equity growth rate to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Canadian Solar Inc Tangible Net Worth Ratio (2002–2024)
This chart shows how Canadian Solar Inc's Tangible Net Worth Ratio has changed across 23 annual periods from 2002 to 2024. As of September 2025, the ratio stands at 99.3%, reflecting net assets of $4.36 Billion with intangible assets of $31.99 Million USD. For live market cap and overall valuation, see CSIQ market cap.
Annual Tangible Net Worth Ratio for Canadian Solar Inc (2002–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Canadian Solar Inc from 2002 to 2024, covering 23 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore CSIQ capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 99.3% | $4.15 Billion | $31.03 Million | $13.51 Billion | ▼ -0.2 pp |
| 2023 | 99.5% | $3.71 Billion | $19.73 Million | $11.90 Billion | ▲ +0.2 pp |
| 2022 | 99.2% | $2.31 Billion | $17.53 Million | $9.04 Billion | ▲ +0.1 pp |
| 2021 | 99.1% | $2.13 Billion | $18.99 Million | $7.39 Billion | ▲ +0.3 pp |
| 2020 | 98.8% | $1.89 Billion | $22.43 Million | $6.54 Billion | ▲ +0.4 pp |
| 2019 | 98.4% | $1.43 Billion | $22.79 Million | $5.47 Billion | ▲ +4.7 pp |
| 2018 | 93.7% | $1.27 Billion | $80.62 Million | $4.89 Billion | ▲ +2.1 pp |
| 2017 | 91.5% | $1.06 Billion | $89.64 Million | $5.89 Billion | ▼ -2.1 pp |
| 2016 | 93.7% | $899.39 Million | $57.07 Million | $5.41 Billion | ▲ +7.2 pp |
| 2015 | 86.4% | $832.51 Million | $113.03 Million | $4.42 Billion | ▼ -10.9 pp |
| 2014 | 97.3% | $729.57 Million | $19.89 Million | $3.07 Billion | ▲ +3.4 pp |
| 2013 | 93.9% | $401.50 Million | $24.43 Million | $2.45 Billion | ▲ +1.5 pp |
| 2012 | 92.4% | $301.58 Million | $22.96 Million | $2.26 Billion | ▼ -2.8 pp |
| 2011 | 95.2% | $466.98 Million | $22.32 Million | $1.88 Billion | ▼ -1.8 pp |
| 2010 | 97.0% | $534.99 Million | $16.07 Million | $1.42 Billion | ▼ -0.3 pp |
| 2009 | 97.3% | $466.00 Million | $12.54 Million | $1.04 Billion | ▲ +18.1 pp |
| 2008 | 79.2% | $332.16 Million | $69.10 Million | $570.73 Million | ▼ -20.8 pp |
| 2007 | 100.0% | $126.27 Million | $0.00 | $284.50 Million | ▲ +0.0 pp |
| 2006 | 100.0% | $112.90 Million | $38.95K | $129.63 Million | ▼ 0.0 pp |
| 2005 | 100.0% | $6.97 Million | $0.00 | $27.43 Million | ▲ +0.0 pp |
| 2004 | 100.0% | $2.96 Million | $0.00 | $6.14 Million | ▲ +0.0 pp |
| 2003 | 100.0% | $1.51 Million | $0.00 | $3.05 Million | ▲ +0.0 pp |
| 2002 | 100.0% | $779.00K | $0.00 | $2.48 Million | — |