Jinko Solar Balance Sheet Health
Financial Health criteria checks 6/6
Jinko Solar has a total shareholder equity of CN¥35.5B and total debt of CN¥27.5B, which brings its debt-to-equity ratio to 77.6%. Its total assets and total liabilities are CN¥126.2B and CN¥90.7B respectively. Jinko Solar's EBIT is CN¥3.3B making its interest coverage ratio 40.3. It has cash and short-term investments of CN¥26.7B.
Key information
77.6%
Debt to equity ratio
CN¥27.52b
Debt
| Interest coverage ratio | 40.3x |
| Cash | CN¥26.67b |
| Equity | CN¥35.48b |
| Total liabilities | CN¥90.72b |
| Total assets | CN¥126.20b |
Recent financial health updates
Recent updates
A Look At The Fair Value Of Jinko Solar Co., Ltd. (SHSE:688223)
Oct 21
Here's What's Concerning About Jinko Solar's (SHSE:688223) Returns On Capital
Sep 30Jinko Solar's (SHSE:688223) Problems Go Beyond Weak Profit
Sep 06CN¥8.06: That's What Analysts Think Jinko Solar Co., Ltd. (SHSE:688223) Is Worth After Its Latest Results
Sep 03We Think Jinko Solar (SHSE:688223) Can Stay On Top Of Its Debt
Aug 14Jinko Solar (SHSE:688223) Is Doing The Right Things To Multiply Its Share Price
May 26Jinko Solar Co., Ltd. (SHSE:688223) Analysts Just Slashed This Year's Revenue Estimates By 14%
Apr 29It's A Story Of Risk Vs Reward With Jinko Solar Co., Ltd. (SHSE:688223)
Apr 04Financial Position Analysis
Short Term Liabilities: 688223's short term assets (CN¥73.5B) exceed its short term liabilities (CN¥54.4B).
Long Term Liabilities: 688223's short term assets (CN¥73.5B) exceed its long term liabilities (CN¥36.3B).
Debt to Equity History and Analysis
Debt Level: 688223's net debt to equity ratio (2.4%) is considered satisfactory.
Reducing Debt: 688223's debt to equity ratio has reduced from 88.1% to 77.6% over the past 5 years.
Debt Coverage: 688223's debt is well covered by operating cash flow (48.5%).
Interest Coverage: 688223's interest payments on its debt are well covered by EBIT (40.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 14:00 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Jinko Solar Co., Ltd. is covered by 24 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gary Tsang | BofA Global Research |
| Yufei Miao | China International Capital Corporation Limited |
| Zun Zhu | China International Capital Corporation Limited |