Jinko Power Technology Balance Sheet Health
Financial Health criteria checks 3/6
Jinko Power Technology has a total shareholder equity of CN¥15.5B and total debt of CN¥13.4B, which brings its debt-to-equity ratio to 86.2%. Its total assets and total liabilities are CN¥41.7B and CN¥26.2B respectively. Jinko Power Technology's EBIT is CN¥881.0M making its interest coverage ratio 2.4. It has cash and short-term investments of CN¥4.4B.
Key information
86.2%
Debt to equity ratio
CN¥13.41b
Debt
| Interest coverage ratio | 2.4x |
| Cash | CN¥4.39b |
| Equity | CN¥15.55b |
| Total liabilities | CN¥26.16b |
| Total assets | CN¥41.71b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 601778's short term assets (CN¥17.7B) exceed its short term liabilities (CN¥9.0B).
Long Term Liabilities: 601778's short term assets (CN¥17.7B) exceed its long term liabilities (CN¥17.1B).
Debt to Equity History and Analysis
Debt Level: 601778's net debt to equity ratio (58%) is considered high.
Reducing Debt: 601778's debt to equity ratio has reduced from 188.9% to 86.2% over the past 5 years.
Debt Coverage: 601778's debt is not well covered by operating cash flow (2.1%).
Interest Coverage: 601778's interest payments on its debt are not well covered by EBIT (2.4x coverage).