Canadian Solar (CSIQ) Debt Ratio (2009 - 2025)

Canadian Solar (CSIQ) recorded quarterly Debt Ratio of 0.35 in Q4 2025, down 100.0% on a QoQ basis from 231212.11 in Q3 2025, and up 21.97% year-over-year from 0.29 in Q4 2024.

Canadian Solar (CSIQ) Debt Ratio (2009 - 2025) Analysis & Trends

Canadian Solar has disclosed Debt Ratio across 17 years of filings, most recently posting 0.35 for Q4 2025.

  • Quarterly Debt Ratio rose 21.97% year-over-year to 0.35 in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 0.35 (up 21.97% YoY) and the FY2025 annual result came in at 0.35, up 21.97% from the prior year.
  • Debt Ratio declined to 0.35 in Q4 2025, from 231212.11 in the prior quarter.
  • Over five years, Debt Ratio peaked at 231212.11 in Q3 2025 and troughed at 0.07 in Q1 2021.
  • A 5-year average of 11560.75 and a median of 0.12 in 2022 frame the typical range for Debt Ratio.
  • Annual changes were most pronounced in 2021 — Debt Ratio sank 46.77% — and 2025, when it surged 141735314.44%.
  • Tracing CSIQ's Debt Ratio over 5 years: stood at 0.07 in 2021, then surged by 252.33% to 0.25 in 2022, then advanced by 3.36% to 0.26 in 2023, then rose by 11.88% to 0.29 in 2024, then grew by 21.97% to 0.35 in 2025.
  • Business Quant data shows CSIQ's Debt Ratio at 0.35 in Q4 2025, 231212.11 in Q3 2025, and 0.23 in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 0.03
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn -
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 0.21
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn -
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn 0.02
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 0.18
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 0.45
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn 0.15
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn -
10 Canadian Solar 41,875.00 578.43 Mn 124.40 Mn 0.35

Historic Data

Download Data
DateValue
Dec 31, 2025 0.35
Sep 30, 2025 231,212.11
Jun 30, 2025 0.23
Mar 31, 2025 0.22
Dec 31, 2024 0.29
Sep 30, 2024 0.16
Jun 30, 2024 0.13
Mar 31, 2024 0.13
Dec 31, 2023 0.26
Sep 30, 2023 0.09
Jun 30, 2023 0.09
Mar 31, 2023 0.09
Dec 31, 2022 0.25
Sep 30, 2022 0.11
Jun 30, 2022 0.09
Mar 31, 2022 0.09
Dec 31, 2021 0.07
Sep 30, 2021 0.08
Jun 30, 2021 0.08
Mar 31, 2021 0.07