JinkoSolar Holding Balance Sheet Health
Financial Health criteria checks 4/6
JinkoSolar Holding has a total shareholder equity of CN¥33.5B and total debt of CN¥30.4B, which brings its debt-to-equity ratio to 90.6%. Its total assets and total liabilities are CN¥135.8B and CN¥102.3B respectively. JinkoSolar Holding's EBIT is CN¥6.7B making its interest coverage ratio 10.9. It has cash and short-term investments of CN¥16.6B.
Key information
90.6%
Debt to equity ratio
CN¥30.39b
Debt
Interest coverage ratio | 10.9x |
Cash | CN¥16.60b |
Equity | CN¥33.53b |
Total liabilities | CN¥102.30b |
Total assets | CN¥135.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JKS's short term assets (CN¥83.0B) exceed its short term liabilities (CN¥79.6B).
Long Term Liabilities: JKS's short term assets (CN¥83.0B) exceed its long term liabilities (CN¥22.7B).
Debt to Equity History and Analysis
Debt Level: JKS's net debt to equity ratio (41.1%) is considered high.
Reducing Debt: JKS's debt to equity ratio has reduced from 182.7% to 90.6% over the past 5 years.
Debt Coverage: JKS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: JKS's interest payments on its debt are well covered by EBIT (10.9x coverage).