Is Canadian Solar Inc. (CSIQ) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 551.6% / 30% | 158.8% / 30% | 138.9% / 30% | 1.48% / 5% | ✗ NOT HALAL |
| DJIM | 551.6% / 33% | 158.8% / 33% | 138.9% / 33% | 1.48% / 5% | ✗ NOT HALAL |
| MSCI | 43.7% / 33% | 12.6% / 33% | 11.0% / 33% | 1.48% / 5% | ✗ NOT HALAL |
| S&P | 551.6% / 33% | 158.8% / 33% | 138.9% / 33% | 1.48% / 5% | ✗ NOT HALAL |
| FTSE | 43.7% / 33% | 12.6% / 33% | 11.0% / 50% | 1.48% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 18.3% | |
| Operating Margin | -5.3% | |
| Net Margin | -1.9% | |
| Return on Equity (ROE) | -4.4% | |
| Return on Assets (ROA) | 0.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$885M |
| Free Cash Flow | -$2.8B |
| Total Debt | $5.9B |
| Debt-to-Equity | 157.9 |
| Current Ratio | 1.0 |
| Total Assets | $13.5B |
Price & Trading
| Last Close | $13.62 |
| 50-Day MA | $18.72 |
| 200-Day MA | $17.17 |
| Avg Volume | 3.0M |
| Beta | 1.3 |
|
52-Week Range
$6.57
| |
About Canadian Solar Inc. (CSIQ)
Canadian Solar Inc., together with its subsidiaries, provides solar energy and battery energy storage products and solutions in Asia, the Americas, Europe, and internationally. It operates through two segments, CSI Solar and Recurrent Energy. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products. It also offers standard solar modules and battery storage solutions, solar system kits, such as splar modules, inverters, racking systems, and other accessories; power electronic products; and engineering, procurement, and construction (EPC) services, as well as operates battery energy storage projects. The Recurrent Energy segment engages in the development, construction, maintenance, and sale of solar power and battery energy storage projects; operates solar power plants; and sells electricity and related services. This segment provides operation and maintenance (O&M) services, including monitoring, inspections, repair, and replacement of plant equipment, and site management and administrative support services for solar projects, as well as asset management services. It has a fleet of solar and battery energy storage plants in operation with an aggregate capacity of approximately 3929 MWh. It serves distributors, system integrators, project developers, and installers/EPC companies. Additionally, it caters to utility companies, public utilities, licensed suppliers, corporate offtakers, and commercial, industrial, or government end users primarily under its Canadian Solar brand name. Canadian Solar Inc. was incorporated in 2001 and is based in Kitchener, Canada.
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Frequently Asked Questions
Is Canadian Solar Inc. (CSIQ) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Canadian Solar Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Canadian Solar Inc.'s debt ratio?
Canadian Solar Inc.'s debt ratio is 551.6% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 43.7%.
What are Canadian Solar Inc.'s key financial metrics?
Canadian Solar Inc. has a market capitalization of $901M, and revenue of $6.0B. The company maintains a gross margin of 18.3% and a net margin of -1.9%. Return on equity stands at -4.4%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.