Switched-mode power converters are inherently nonlinear and piecewise smooth systems that may exhibit a series of undesirable operations that can greatly reduce the converter's efficiency and lifetime. This paper presents a nonlinear analysis technique to investigate the influence of system parameters on the stability of interleaved boost converters. In this approach, Monodromy matrix that contains all the comprehensive information of converter parameters and control loop can be employed to fully reveal and understand the inherent nonlinear dynamics of interleaved boost converters, including the interaction effect of switching operation. Thereby not only the boundary conditions but also the relationship between stability margin and the parameters given can be intuitively studied by the eigenvalues of this matrix. Furthermore, by employing the knowledge gained from this analysis, a real-Time cycle to cycle variable slope compensation method is proposed to guarantee a satisfactory performance of the converter with an extended range of stable operation. Outcomes show that systems can regain stability by applying the proposed method within a few time periods of switching cycles. The numerical and analytical results validate the theoretical analysis, and experimental results verify the effectiveness of the proposed approach.