CSIQCanadian Solar Inc.

$13.87

Is it safe?

Can CSIQ take a bad year?

Canadian Solar Inc. carries $7.03B of net debt at 11.8× EBITDA: a heavy load to carry through a bad year.

$7.03B

Net debt · as at FY2025 · over four years of earnings before interest, tax and depreciation, heavy

Net debt / EBITDA
11.8×

Net debt / EBITDA · 10.1× a year ago · the load is going up

Cash runway
1.1 years

Cash runway · burning $304M a quarter at the current rate

Annualised volatility
90%

Annualised volatility · three times the market's own swing

Details
Total debtFY2025
$8.40B
Cash and short-term investments
$1.37B
Net debt
$7.03B
EBITDA, trailing twelve months
$598M
Operating profit, trailing twelve months
$43M
Debt / equity
2.99×
Total debt / EBITDA
14.0×
Annualised volatilitytwo years of daily moves
90%
Worst drawdown on file
−89%
Below its 52-week high
−59%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.