Canadian Solar (CSIQ) Interest Expenses (2012 - 2025)
Canadian Solar (CSIQ) recorded quarterly Interest Expenses of -$48.5 million in Q4 2025, down 9.11% on a QoQ basis from -$44.4 million in Q3 2025, and down 36.91% year-over-year from -$76.8 million in Q4 2024.
Canadian Solar (CSIQ) Interest Expenses (2012 - 2025) Analysis & Trends
Canadian Solar has disclosed Interest Expenses across 14 years of filings, most recently posting -$48.5 million for Q4 2025.
- Quarterly Interest Expenses fell 36.91% year-over-year to -$48.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$178.2 million (down 29.61% YoY) and the FY2025 annual result came in at $178.2 million, up 29.61% from the prior year.
- Interest Expenses fell to -$48.5 million in Q4 2025, from -$44.4 million in the prior quarter.
- Over five years, Interest Expenses peaked at -$13.2 million in Q3 2021 and troughed at -$48.5 million in Q4 2025.
- A 5-year average of -$28.1 million and a median of -$30.2 million in 2023 frame the typical range for Interest Expenses.
- Annual changes were most pronounced in 2021 — Interest Expenses increased 26.59% — and 2024, when it slumped 70.52%.
- Tracing CSIQ's Interest Expenses over 5 years: stood at -$15.5 million in 2021, then sank by 30.02% to -$20.2 million in 2022, then plunged by 64.63% to -$33.2 million in 2023, then retreated by 6.46% to -$35.4 million in 2024, then plunged by 36.91% to -$48.5 million in 2025.
- Business Quant data shows CSIQ's Interest Expenses at -$48.5 million in Q4 2025, -$44.4 million in Q3 2025, and -$44.8 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 7.62 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | - |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 633,000.00 |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | - |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | - |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 2.90 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 5.56 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | - |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 1,000.00 |
| 10 | Canadian Solar | 41,875.00 | 578.43 Mn | 124.40 Mn | -48.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -48.46 Mn |
| Dec 31, 2025 | -48.46 Mn |
| Sep 30, 2025 | -44.41 Mn |
| Sep 30, 2025 | -44.41 Mn |
| Jun 30, 2025 | -44.81 Mn |
| Jun 30, 2025 | -44.81 Mn |
| Mar 31, 2025 | -40.49 Mn |
| Mar 31, 2025 | -40.49 Mn |
| Dec 31, 2024 | -35.40 Mn |
| Dec 31, 2024 | -35.40 Mn |
| Sep 30, 2024 | -34.18 Mn |
| Sep 30, 2024 | -34.18 Mn |
| Jun 30, 2024 | -33.02 Mn |
| Jun 30, 2024 | -33.02 Mn |
| Mar 31, 2024 | -34.87 Mn |
| Mar 31, 2024 | -34.87 Mn |
| Dec 31, 2023 | -33.25 Mn |
| Dec 31, 2023 | -33.25 Mn |
| Sep 30, 2023 | -29.95 Mn |
| Sep 30, 2023 | -29.95 Mn |