Canadian Solar annual debt-to-equity ratio
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2025
Canadian Solar Debt-to-Equity Ratio Growth & History (CSIQ)
Canadian Solar's debt-to-equity ratio was 2.33 for fiscal 2025.
View full Canadian Solar company overviewCanadian Solar annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 2.33 | 0.52 | +28.84% |
| 2024 | 2024-12-31 | 1.81 | 0.49 | +37.22% |
| 2023 | 2023-12-31 | 1.32 | 0.12 | +10.05% |
| 2022 | 2022-12-31 | 1.20 | −0.03 | −2.19% |
| 2021 | 2021-12-31 | 1.22 | 0.01 | +1.06% |
| 2020 | 2020-12-31 | 1.21 | −0.17 | −12.10% |
| 2019 | 2019-12-31 | 1.38 | −0.06 | −4.12% |
| 2018 | 2018-12-31 | 1.44 | −0.95 | −39.90% |
| 2017 | 2017-12-31 | 2.39 | −0.02 | −0.97% |
| 2016 | 2016-12-31 | 2.41 | 0.23 | +10.37% |
| 2015 | 2015-12-31 | 2.19 | 0.99 | +82.12% |
| 2014 | 2014-12-31 | 1.20 | −1.18 | −49.61% |
| 2013 | 2013-12-31 | 2.38 | −1.31 | −35.47% |
| 2012 | 2012-12-31 | 3.69 | 1.90 | +106.68% |
| 2011 | 2011-12-31 | 1.79 | 0.64 | +56.41% |
| 2010 | 2010-12-31 | 1.14 | — | — |
Canadian Solar quarterly debt-to-equity ratio
Q4.10
Q4.11
Q4.12
Q4.13
Q4.14
Q4.15
Q4.16
Q4.17
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 2.89 | 0.40 | +15.91% |
| Q1 2026 | 2026-03-31 | 2.76 | 0.42 | +17.78% |
| Q4 2025 | 2025-12-31 | 2.33 | 0.52 | +28.84% |
| Q3 2025 | 2025-09-30 | 2.58 | — | — |
| Q2 2025 | 2025-06-30 | 2.50 | — | — |
| Q1 2025 | 2025-03-31 | 2.34 | — | — |
| Q4 2024 | 2024-12-31 | 1.81 | 0.49 | +37.22% |
| Q4 2023 | 2023-12-31 | 1.32 | 0.12 | +10.05% |
| Q4 2022 | 2022-12-31 | 1.20 | −0.03 | −2.19% |
| Q4 2021 | 2021-12-31 | 1.22 | 0.01 | +1.06% |
| Q4 2020 | 2020-12-31 | 1.21 | −0.17 | −12.10% |
| Q4 2019 | 2019-12-31 | 1.38 | −0.06 | −4.12% |
| Q4 2018 | 2018-12-31 | 1.44 | −0.95 | −39.90% |
| Q4 2017 | 2017-12-31 | 2.39 | −0.02 | −0.97% |
| Q4 2016 | 2016-12-31 | 2.41 | 0.23 | +10.37% |
| Q4 2015 | 2015-12-31 | 2.19 | 0.99 | +82.12% |
| Q4 2014 | 2014-12-31 | 1.20 | −1.18 | −49.61% |
| Q4 2013 | 2013-12-31 | 2.38 | −1.31 | −35.47% |
| Q4 2012 | 2012-12-31 | 3.69 | 1.90 | +106.68% |
| Q4 2011 | 2011-12-31 | 1.79 | 0.64 | +56.41% |
| Q4 2010 | 2010-12-31 | 1.14 | — | — |
Canadian Solar debt-to-equity ratio trends
Over the last five fiscal years, Canadian Solar's debt-to-equity ratio increased from 1.21 to 2.33, a change of 1.12. The latest reported quarter, Q2 2026, shows 2.89.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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