Canadian Solar (CSIQ) Debt to Equity (2009 - 2025)
Canadian Solar (CSIQ) recorded quarterly Debt to Equity of $1.36 in Q4 2025, up 10.94% on a QoQ basis from $1.22 in Q3 2025, and down 2.21% year-over-year from $1.39 in Q4 2024.
Canadian Solar (CSIQ) Debt to Equity (2009 - 2025) Analysis & Trends
Canadian Solar has disclosed Debt to Equity across 17 years of filings, most recently posting $1.36 for Q4 2025.
- Quarterly Debt to Equity fell 2.21% year-over-year to $1.36 in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $1.36 (down 2.21% YoY) and the FY2025 annual result came in at $1.36, down 2.21% from the prior year.
- Debt to Equity climbed to $1.36 in Q4 2025, from $1.22 in the prior quarter.
- Over five years, Debt to Equity peaked at $1.39 in Q4 2024 and troughed at $0.25 in Q4 2021.
- A 5-year average of $0.7 and a median of $0.57 in 2024 frame the typical range for Debt to Equity.
- Annual changes were most pronounced in 2021 — Debt to Equity plunged 36.66% — and 2022, when it jumped 297.27%.
- Tracing CSIQ's Debt to Equity over 5 years: stood at $0.25 in 2021, then surged by 297.27% to $0.98 in 2022, then declined by 15.3% to $0.83 in 2023, then jumped by 67.24% to $1.39 in 2024, then slipped by 2.21% to $1.36 in 2025.
- Business Quant data shows CSIQ's Debt to Equity at $1.36 in Q4 2025, $1.22 in Q3 2025, and $1.21 in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 0.04 |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | - |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 0.52 |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | - |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 0.13 |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 0.30 |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | -3.11 |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | - |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | - |
| 10 | Canadian Solar | 41,875.00 | 578.43 Mn | 124.40 Mn | 1.36 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 1.36 |
| Sep 30, 2025 | 1.22 |
| Jun 30, 2025 | 1.21 |
| Mar 31, 2025 | 1.09 |
| Dec 31, 2024 | 1.39 |
| Sep 30, 2024 | 0.78 |
| Jun 30, 2024 | 0.61 |
| Mar 31, 2024 | 0.63 |
| Dec 31, 2023 | 0.83 |
| Sep 30, 2023 | 0.43 |
| Jun 30, 2023 | 0.42 |
| Mar 31, 2023 | 0.43 |
| Dec 31, 2022 | 0.98 |
| Sep 30, 2022 | 0.53 |
| Jun 30, 2022 | 0.44 |
| Mar 31, 2022 | 0.42 |
| Dec 31, 2021 | 0.25 |
| Sep 30, 2021 | 0.34 |
| Jun 30, 2021 | 0.33 |
| Mar 31, 2021 | 0.30 |