Canadian Solar (0XGH) Ratios
Canadian Solar Ratios
GB:0XGH's free cash flow for Q2 2026 was $-375.02M. For the 2026 fiscal year, GB:0XGH's free cash flow was decreased by $-194.26M and operating cash flow was $-180.76M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.93 | 0.97 | 1.04 | 1.07 | 1.18 |
| Quick Ratio | 0.70 | 0.76 | 0.84 | 0.78 | 0.89 |
| Cash Ratio | 0.33 | 0.40 | 0.33 | 0.19 | 0.22 |
| Solvency Ratio | 0.04 | 0.06 | 0.07 | 0.07 | 0.07 |
| Operating Cash Flow Ratio | -0.04 | -0.16 | 0.12 | 0.17 | -0.10 |
| Short-Term Operating Cash Flow Coverage | -0.07 | -0.29 | 0.26 | 0.31 | -0.17 |
| Net Current Asset Value | $ -5.47B | $ -3.84B | $ -2.10B | $ -1.09B | $ -490.08M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.51 | 0.44 | 0.38 | 0.45 | 0.44 |
| Debt-to-Equity Ratio | 2.73 | 2.10 | 1.75 | 2.08 | 1.81 |
| Debt-to-Capital Ratio | 0.73 | 0.68 | 0.64 | 0.68 | 0.64 |
| Long-Term Debt-to-Capital Ratio | 0.58 | 0.48 | 0.39 | 0.36 | 0.29 |
| Financial Leverage Ratio | 5.40 | 4.80 | 4.65 | 4.65 | 4.10 |
| Debt Service Coverage Ratio | 0.16 | 0.18 | 0.28 | 0.20 | 0.18 |
| Interest Coverage Ratio | 0.24 | -0.22 | 3.97 | 4.79 | 3.27 |
| Debt to Market Cap | 4.57 | 7.61 | 2.53 | 2.02 | 1.67 |
| Interest Debt Per Share | 116.64 | 90.80 | 70.20 | 64.02 | 53.82 |
| Net Debt to EBITDA | 9.73 | 6.57 | 3.06 | 4.54 | 4.98 |
| Profitability Margins | |||||
| Gross Profit Margin | 18.34% | 16.67% | 16.81% | 16.91% | 17.23% |
| EBIT Margin | 0.67% | 0.92% | 6.86% | 5.77% | 3.73% |
| EBITDA Margin | 10.59% | 9.29% | 10.90% | 9.04% | 9.08% |
| Operating Profit Margin | 0.77% | -0.50% | 5.95% | 4.77% | 3.61% |
| Pretax Profit Margin | -3.03% | -1.58% | 5.56% | 4.98% | 2.76% |
| Net Profit Margin | -1.86% | 0.60% | 3.60% | 3.21% | 1.80% |
| Continuous Operations Profit Margin | -3.28% | -1.30% | 4.78% | 4.00% | 2.08% |
| Net Income Per EBT | 61.39% | -38.17% | 64.80% | 64.52% | 65.36% |
| EBT Per EBIT | -393.03% | 313.95% | 93.34% | 104.45% | 76.54% |
| Return on Assets (ROA) | -0.69% | 0.27% | 2.30% | 2.66% | 1.29% |
| Return on Equity (ROE) | -3.71% | 1.28% | 10.71% | 12.36% | 5.29% |
| Return on Capital Employed (ROCE) | 0.46% | -0.38% | 7.52% | 9.42% | 5.68% |
| Return on Invested Capital (ROIC) | 0.34% | -0.23% | 4.32% | 4.25% | 2.46% |
| Return on Tangible Assets | -0.69% | 0.27% | 2.31% | 2.66% | 1.29% |
| Earnings Yield | -6.50% | 4.87% | 15.99% | 12.07% | 4.94% |
| Efficiency Ratios | |||||
| Receivables Turnover | 4.21 | 4.03 | 6.29 | 6.04 | 5.95 |
| Payables Turnover | 5.20 | 4.70 | 7.78 | 7.71 | 8.68 |
| Inventory Turnover | 3.38 | 4.14 | 5.37 | 4.07 | 3.66 |
| Fixed Asset Turnover | 0.95 | 1.08 | 1.78 | 3.25 | 3.26 |
| Asset Turnover | 0.37 | 0.44 | 0.64 | 0.83 | 0.71 |
| Working Capital Turnover Ratio | -19.86 | 135.54 | 24.68 | 13.34 | 18.09 |
| Cash Conversion Cycle | 124.42 | 101.13 | 79.08 | 102.69 | 119.00 |
| Days of Sales Outstanding | 86.67 | 90.63 | 57.99 | 60.41 | 61.39 |
| Days of Inventory Outstanding | 107.96 | 88.19 | 67.98 | 89.65 | 99.64 |
| Days of Payables Outstanding | 70.21 | 77.68 | 46.89 | 47.37 | 42.03 |
| Operating Cycle | 194.63 | 178.81 | 125.97 | 150.06 | 161.03 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | -3.75 | -13.29 | 10.47 | 14.25 | -6.63 |
| Free Cash Flow Per Share | -24.41 | -41.37 | -12.86 | 4.49 | -13.60 |
| Dividend Paid and CapEx Coverage Ratio | -0.18 | -0.47 | 0.45 | 1.46 | -0.95 |
| Capital Expenditure Coverage Ratio | -0.18 | -0.47 | 0.45 | 1.46 | -0.95 |
| Operating Cash Flow Coverage Ratio | -0.03 | -0.15 | 0.15 | 0.23 | -0.13 |
| Operating Cash Flow to Sales Ratio | -0.05 | -0.15 | 0.09 | 0.12 | -0.08 |
| Free Cash Flow Yield | -102.68% | -372.01% | -49.03% | 14.52% | -43.45% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | -15.34 | 20.55 | 6.25 | 8.28 | 20.24 |
| Price-to-Sales (P/S) Ratio | 0.29 | 0.12 | 0.23 | 0.27 | 0.37 |
| Price-to-Book (P/B) Ratio | 0.57 | 0.26 | 0.67 | 1.02 | 1.07 |
| Price-to-Free Cash Flow (P/FCF) Ratio | -0.97 | -0.27 | -2.04 | 6.89 | -2.30 |
| Price-to-Operating Cash Flow Ratio | -6.34 | -0.84 | 2.50 | 2.17 | -4.72 |
| Price-to-Earnings Growth (PEG) Ratio | 0.04 | -0.24 | 0.43 | 0.06 | -0.55 |
| Enterprise Value Multiple | 12.44 | 7.90 | 5.12 | 7.48 | 9.00 |
| Enterprise Value | 7.37B | 4.40B | 4.25B | 5.05B | 4.32B |
| EV to EBITDA | 12.44 | 7.90 | 5.12 | 7.48 | 9.00 |
| EV to Sales | 1.32 | 0.73 | 0.56 | 0.68 | 0.82 |
| EV to Free Cash Flow | -4.48 | -1.60 | -5.06 | 17.50 | -5.15 |
| EV to Operating Cash Flow | -29.16 | -4.97 | 6.21 | 5.51 | -10.57 |
| Tangible Book Value Per Share | 62.90 | 61.83 | 56.37 | 35.59 | 34.20 |
| Shareholders’ Equity Per Share | 41.68 | 42.26 | 39.15 | 30.19 | 29.23 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | -0.08 | 0.18 | 0.14 | 0.20 | 0.25 |
| Revenue Per Share | 83.05 | 89.97 | 116.46 | 116.11 | 85.65 |
| Net Income Per Share | -1.55 | 0.54 | 4.19 | 3.73 | 1.55 |
| Tax Burden | 0.61 | -0.38 | 0.65 | 0.65 | 0.65 |
| Interest Burden | -4.53 | -1.71 | 0.81 | 0.86 | 0.74 |
| Research & Development to Revenue | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 |
| SG&A to Revenue | 0.17 | 0.17 | 0.06 | 0.05 | 0.06 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 |
| Income Quality | 2.43 | 11.37 | 1.88 | 3.07 | -3.72 |
Currency in USD
