Canadian Solar (CSIQ) Interest Coverage Ratio (2009 - 2026)
Canadian Solar's (CSIQ) quarterly Interest Coverage Ratio came in at 1.12 in Q2 2026, up 139.27% on a YoY basis from 0.47 in Q2 2025, and up 180.27% quarter-over-quarter from 1.39 in Q1 2026.
Powered by 
Analysis
Canadian Solar (CSIQ) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Canadian Solar (CSIQ) has reported Interest Coverage Ratio for 18 consecutive years, with 1.12 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Interest Coverage Ratio rose 139.27% year-over-year to 1.12; the trailing twelve-month figure through Jun 2026 stood at 0.13 (down 62.13% YoY), and the FY2025 full-year result was 0.24, down 210.69% from the prior year.
- Interest Coverage Ratio advanced to 1.12 in Q2 2026 per CSIQ's latest filing, from 1.39 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 3.59 in Q4 2024 and bottomed at 7.36 in Q2 2023.
- Historically, Interest Coverage Ratio has averaged 2.0 across 5 years, with a median of 1.4 in 2024.
- The sharpest annual moves came in 2024 and 2025: Interest Coverage Ratio jumped 20790.45% in 2024, then tumbled 8955.11% in 2025.
- Over 5 years, Interest Coverage Ratio stood at 6.72 in 2022, then soared by 99.74% to 0.02 in 2023, then surged by 20790.45% to 3.59 in 2024, then plunged by 63.18% to 1.32 in 2025, then dropped by 15.52% to 1.12 in 2026.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 1.12, 1.39, and 1.32 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 80.96 |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | 157.55 |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | -1.30 |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | - |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 5.39 |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | -1.12 |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | 6.01 |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | -3.71 |
| 10 | Toyo | 131.54 Mn | 21.49 Mn | 36.97 Mn | 81.10 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.12 |
| Mar 31, 2026 | -1.39 |
| Dec 31, 2025 | 1.32 |
| Sep 30, 2025 | -0.78 |
| Jun 30, 2025 | -2.84 |
| Mar 31, 2025 | 1.35 |
| Dec 31, 2024 | 3.59 |
| Sep 30, 2024 | -0.01 |
| Jun 30, 2024 | -1.44 |
| Mar 31, 2024 | -1.41 |
| Dec 31, 2023 | -0.02 |
| Sep 30, 2023 | -2.77 |
| Jun 30, 2023 | -7.36 |
| Mar 31, 2023 | -7.12 |
| Dec 31, 2022 | -6.72 |
| Sep 30, 2022 | -4.65 |
| Jun 30, 2022 | -5.89 |
| Mar 31, 2022 | -1.01 |
| Dec 31, 2021 | -4.34 |
| Sep 30, 2021 | -4.04 |