JinkoSolar Holding Balance Sheet Health
Financial Health criteria checks 6/6
JinkoSolar Holding has a total shareholder equity of CN¥34.7B and total debt of CN¥25.8B, which brings its debt-to-equity ratio to 74.3%. Its total assets and total liabilities are CN¥137.1B and CN¥102.4B respectively. JinkoSolar Holding's EBIT is CN¥5.2B making its interest coverage ratio 6.9. It has cash and short-term investments of CN¥17.6B.
Key information
74.3%
Debt to equity ratio
CN¥25.79b
Debt
Interest coverage ratio | 6.9x |
Cash | CN¥17.63b |
Equity | CN¥34.70b |
Total liabilities | CN¥102.38b |
Total assets | CN¥137.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZJS1's short term assets (CN¥82.2B) exceed its short term liabilities (CN¥80.2B).
Long Term Liabilities: ZJS1's short term assets (CN¥82.2B) exceed its long term liabilities (CN¥22.2B).
Debt to Equity History and Analysis
Debt Level: ZJS1's net debt to equity ratio (23.5%) is considered satisfactory.
Reducing Debt: ZJS1's debt to equity ratio has reduced from 206.1% to 74.3% over the past 5 years.
Debt Coverage: ZJS1's debt is well covered by operating cash flow (53.6%).
Interest Coverage: ZJS1's interest payments on its debt are well covered by EBIT (6.9x coverage).