Canadian Solar Inc (CSIQ) — Working Capital to Net Assets Ratio
Canadian Solar Inc (CSIQ) has a Working Capital to Net Assets ratio of 9.6% as of September 2025. Working capital of $417.29 Million (current assets of $6.39 Billion minus current liabilities of $5.97 Billion) is measured against net assets of $4.36 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Canadian Solar Inc balance sheet independence to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Canadian Solar Inc Working Capital to Net Assets (2003–2024)
This chart shows how Canadian Solar Inc's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2003 to 2024. As of September 2025, the ratio stands at 9.6%, reflecting working capital of $417.29 Million against net assets of $4.36 Billion USD. Check Canadian Solar Inc tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Canadian Solar Inc (2003–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Canadian Solar Inc from 2003 to 2024, covering 22 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Canadian Solar Inc market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -3.4% | $-142.63 Million | $4.15 Billion | $5.52 Billion | $5.67 Billion | ▼ -9.7 pp |
| 2023 | 6.2% | $231.06 Million | $3.71 Billion | $6.10 Billion | $5.86 Billion | ▼ -10.5 pp |
| 2022 | 16.7% | $385.89 Million | $2.31 Billion | $5.64 Billion | $5.26 Billion | ▼ -17.8 pp |
| 2021 | 34.5% | $733.68 Million | $2.13 Billion | $4.77 Billion | $4.04 Billion | ▲ +42.4 pp |
| 2020 | -7.9% | $-150.30 Million | $1.89 Billion | $3.44 Billion | $3.59 Billion | ▲ +23.2 pp |
| 2019 | -31.1% | $-443.14 Million | $1.43 Billion | $2.65 Billion | $3.09 Billion | ▼ -41.0 pp |
| 2018 | 9.9% | $125.96 Million | $1.27 Billion | $3.07 Billion | $2.95 Billion | ▲ +12.0 pp |
| 2017 | -2.1% | $-22.71 Million | $1.06 Billion | $4.09 Billion | $4.11 Billion | ▼ -9.9 pp |
| 2016 | 7.7% | $69.70 Million | $899.39 Million | $3.79 Billion | $3.72 Billion | ▲ +54.9 pp |
| 2015 | -47.1% | $-392.23 Million | $832.51 Million | $2.26 Billion | $2.66 Billion | ▼ -97.4 pp |
| 2014 | 50.3% | $366.62 Million | $729.57 Million | $2.32 Billion | $1.95 Billion | ▲ +64.9 pp |
| 2013 | -14.7% | $-59.00 Million | $401.50 Million | $1.72 Billion | $1.78 Billion | ▲ +17.8 pp |
| 2012 | -32.5% | $-98.05 Million | $301.58 Million | $1.44 Billion | $1.54 Billion | ▼ -45.2 pp |
| 2011 | 12.7% | $59.13 Million | $466.98 Million | $1.30 Billion | $1.24 Billion | ▼ -41.4 pp |
| 2010 | 54.1% | $289.33 Million | $534.99 Million | $1.03 Billion | $745.33 Million | ▲ +2.8 pp |
| 2009 | 51.3% | $239.05 Million | $466.00 Million | $753.99 Million | $514.94 Million | ▲ +1.2 pp |
| 2008 | 50.1% | $166.36 Million | $332.16 Million | $339.02 Million | $172.66 Million | ▼ -77.2 pp |
| 2007 | 127.3% | $160.69 Million | $126.27 Million | $219.90 Million | $59.21 Million | ▲ +37.7 pp |
| 2006 | 89.5% | $101.09 Million | $112.90 Million | $116.94 Million | $15.86 Million | ▼ -69.3 pp |
| 2005 | 158.8% | $11.07 Million | $6.97 Million | $26.43 Million | $15.37 Million | ▲ +60.7 pp |
| 2004 | 98.1% | $2.90 Million | $2.96 Million | $5.66 Million | $2.76 Million | ▼ -7.3 pp |
| 2003 | 105.4% | $1.59 Million | $1.51 Million | $2.79 Million | $1.20 Million | — |