Jinko Solar Balance Sheet Health
Financial Health criteria checks 6/6
Jinko Solar has a total shareholder equity of CN¥35.6B and total debt of CN¥17.0B, which brings its debt-to-equity ratio to 47.9%. Its total assets and total liabilities are CN¥131.0B and CN¥95.5B respectively. Jinko Solar's EBIT is CN¥7.4B making its interest coverage ratio 65.1. It has cash and short-term investments of CN¥24.9B.
Key information
47.9%
Debt to equity ratio
CN¥17.03b
Debt
| Interest coverage ratio | 65.1x |
| Cash | CN¥24.88b |
| Equity | CN¥35.57b |
| Total liabilities | CN¥95.48b |
| Total assets | CN¥131.05b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688223's short term assets (CN¥79.4B) exceed its short term liabilities (CN¥69.7B).
Long Term Liabilities: 688223's short term assets (CN¥79.4B) exceed its long term liabilities (CN¥25.7B).
Debt to Equity History and Analysis
Debt Level: 688223 has more cash than its total debt.
Reducing Debt: 688223's debt to equity ratio has reduced from 64.6% to 47.9% over the past 5 years.
Debt Coverage: 688223's debt is well covered by operating cash flow (154.3%).
Interest Coverage: 688223's interest payments on its debt are well covered by EBIT (65.1x coverage).