Canadian Solar (CSIQ) Interest Expenses (2011 - 2025)
Canadian Solar's (CSIQ) quarterly Interest Expenses came in at -$48.5 million in Q4 2025, down 36.91% YoY from -$76.8 million in Q4 2024, and down 9.11% on a QoQ basis from -$44.4 million in Q3 2025.
Canadian Solar (CSIQ) Interest Expenses (2011 - 2025) Analysis & Trends
Canadian Solar (CSIQ) has 15 years of Interest Expenses data on file, last reported at -$48.5 million in 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, down 10.61% from the prior year.
- Interest Expenses slipped to -$48.5 million in Q4 2025, from -$44.4 million in the prior quarter.
- In the past five years, Interest Expenses ranged from a high of -$13.2 million in Q3 2021 to a low of -$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 tumbled by 30.02% to -$20.2 million in 2022, then slumped by 64.63% to -$33.2 million in 2023, then declined by 6.46% to -$35.4 million in 2024, then slumped by 36.91% to -$48.5 million in 2025.
- The last three Interest Expenses figures came in at -$48.5 million (Q4 2025), -$44.4 million (Q3 2025), and -$44.8 million (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 5.56 Mn |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 327,000.00 |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | - |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 12.38 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 3.47 Mn |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | -48.46 Mn |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | - |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 5.79 Mn |
| 10 | Toyo | 181.99 Mn | 105.35 Mn | 47.76 Mn | -785,260.00 |
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 |