JinkoSolar Holding Balance Sheet Health
Financial Health criteria checks 5/6
JinkoSolar Holding has a total shareholder equity of CN¥33.5B and total debt of CN¥27.5B, which brings its debt-to-equity ratio to 82.1%. Its total assets and total liabilities are CN¥128.6B and CN¥95.2B respectively. JinkoSolar Holding's EBIT is CN¥2.6B making its interest coverage ratio 4. It has cash and short-term investments of CN¥13.9B.
Key information
82.1%
Debt to equity ratio
CN¥27.47b
Debt
| Interest coverage ratio | 4x |
| Cash | CN¥13.87b |
| Equity | CN¥33.46b |
| Total liabilities | CN¥95.19b |
| Total assets | CN¥128.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JKS N's short term assets (CN¥72.6B) exceed its short term liabilities (CN¥67.5B).
Long Term Liabilities: JKS N's short term assets (CN¥72.6B) exceed its long term liabilities (CN¥27.7B).
Debt to Equity History and Analysis
Debt Level: JKS N's net debt to equity ratio (40.6%) is considered high.
Reducing Debt: JKS N's debt to equity ratio has reduced from 208.2% to 82.1% over the past 5 years.
Debt Coverage: JKS N's debt is well covered by operating cash flow (50.3%).
Interest Coverage: JKS N's interest payments on its debt are well covered by EBIT (4x coverage).