Canadian Solar Quarterly Balance Sheet
NASDAQ: CSIQTechnologySemiconductorsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Canadian Solar financial position
As of Dec 31, 2025, Canadian Solar reported total assets of $15.17 billion, up 105.3% from a year earlier against total liabilities of $10.90 billion. Shareholders' equity stood at $2.81 billion, or 18.5% of assets. The company held $1.37 billion in cash and equivalents against $8.40 billion of debt, a net debt position of $7.03 billion.
The current ratio (current assets divided by current liabilities) was 1.02, meaning short-term assets cover obligations due within a year. Debt-to-equity was 2.99.
Summary generated from market data by MetaCap's automated system. Methodology
Canadian Solar balance sheet (quarterly)
| Quarter (USD) | Q4 20252025-12-31 | Q4 20242024-12-31 | Q4 20232023-12-31 | Q4 20222022-12-31 | Q4 20212021-12-31 | Q4 20202020-12-31 | Q4 20192019-12-31 | Q4 20182018-12-31 | Q4 20172017-12-31 | Q4 20162016-12-31 | Q4 20152015-12-31 | Q4 20142014-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.37B | 1.70B | 1.94B | 981.43M | 869.83M | 1.18B | 668.77M | 444.30M | 561.68M | 511.04M | 553.08M | 549.54M |
| Short-Term Investments | — | 10.72M | 15.19M | 18.34M | — | — | — | — | — | — | — | — |
| Receivables | 829.96M | 1.12B | 904.94M | 970.95M | 651.37M | 408.96M | 436.81M | 498.23M | 358.09M | 400.25M | 426.80M | 366.94M |
| Inventory | 1.13B | 1.21B | 1.18B | 1.52B | 1.19B | 695.98M | 554.07M | 262.02M | 346.09M | 295.37M | 334.49M | 432.32M |
| Total Current Assets | 5.98B | 5.92B | 6.10B | 5.64B | 4.77B | 4.19B | 3.25B | 3.07B | 4.09B | 3.79B | 2.26B | 2.32B |
| Property, Plant & Equipment | 3.38B | 3.17B | 3.09B | 1.83B | 1.40B | 1.16B | 1.05B | 884.99M | 747.24M | 462.35M | 331.05M | 372.48M |
| Goodwill | — | — | — | — | — | — | — | 1.00M | 6.25M | 7.62M | 7.61M | — |
| Intangible Assets | 31.98M | 31.03M | 19.73M | 17.53M | 18.99M | 22.43M | 22.79M | 14.90M | 10.99M | 8.42M | 78.94M | 6.61M |
| Total Assets | 15.17B | 13.51B | 11.90B | 9.04B | 7.39B | 6.54B | 5.47B | 4.89B | 5.89B | 5.41B | 4.41B | 3.07B |
| Accounts Payable | 878.83M | 1.06B | 813.68M | 805.30M | 503.00M | 514.74M | 585.60M | 379.46M | 402.96M | 440.12M | 512.51M | 412.94M |
| Short-Term Debt | 2.39B | 1.87B | 1.81B | 1.44B | 1.59B | 1.40B | 1.05B | 1.20B | 2.33B | 1.60B | 1.16B | 725.51M |
| Total Current Liabilities | 5.85B | 5.42B | 5.86B | 5.26B | 4.04B | 3.59B | 3.09B | 2.95B | 4.11B | 3.72B | 2.66B | 1.95B |
| Long-Term Debt | 6.01B | 4.60B | 3.07B | 2.26B | 1.02B | 934.62M | 1.02B | 393.61M | 404.34M | 493.45M | 606.58M | 134.30M |
| Total Liabilities | 10.90B | 9.36B | 8.19B | 6.73B | 5.26B | 4.64B | 4.04B | 3.62B | 4.83B | 4.51B | 3.58B | 2.34B |
| Shareholders' Equity | 2.81B | 2.82B | 2.56B | 1.94B | 1.80B | 1.57B | 1.39B | 1.23B | 1.03B | 884.68M | 818.97M | 716.61M |
| Retained Earnings | 1.48B | 1.59B | 1.55B | 1.28B | 1.04B | 940.30M | 793.60M | 622.02M | 383.68M | 284.11M | 218.86M | 47.00M |
| Total Debt | 8.40B | 6.48B | 4.88B | 3.70B | 2.62B | 2.34B | 2.07B | 1.59B | 2.73B | 2.09B | 1.76B | 859.81M |
| Net Cash (Debt) | -7.03B | -4.77B | -2.92B | -2.70B | -1.75B | -1.16B | -1.40B | -1.15B | -2.17B | -1.58B | -1.21B | -310.27M |
| Shares Outstanding | 67.81M | 66.95M | 66.16M | 64.51M | 64.02M | 59.82M | 59.37M | 59.18M | 58.50M | 57.83M | 55.97M | 55.16M |
This table shows 12 quarterly periods of Canadian Solar's balance sheet, from Q4 2025 back to Q4 2014, across 19 line items including cash & equivalents, short-term investments, receivables. Values in USD; B = billions, M = millions. Fiscal periods follow CSIQ's reporting calendar. What is a balance sheet?