JinkoSolar Holding Financials

JKS Stock  USD 25.01  0.27  1.09%   
Based on the key indicators obtained from JinkoSolar Holding's historical financial statements, JinkoSolar Holding is not in a good financial situation at this time. It has a very high probability of going through financial hardship in April. At this time, JinkoSolar Holding's Accounts Payable is comparatively stable compared to the past year. Cash is likely to gain to about 12.4 B in 2024, whereas Common Stock Total Equity is likely to drop slightly above 18.6 K in 2024. Key indicators impacting JinkoSolar Holding's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio2.692.56
Sufficiently Up
Slightly volatile
Current Ratio1.11.21
Significantly Down
Slightly volatile
The financial analysis of JinkoSolar Holding is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for JinkoSolar Holding includes many different criteria found on its balance sheet. For example, investors should never minimize JinkoSolar Holding's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor JinkoSolar Holding's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in JinkoSolar Holding.

Cash And Equivalents

6.19 Billion

With this module, you can analyze JinkoSolar financials for your investing period. You should be able to track the changes in JinkoSolar Holding individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past JinkoSolar Holding Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of JinkoSolar Holding's financial statements are interrelated, with each one affecting the others. For example, an increase in JinkoSolar Holding's assets may result in an increase in income on the income statement.
Evaluating JinkoSolar Holding's financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of JinkoSolar Holding's profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the JinkoSolar Holding's relative financial performance

Chance Of Distress

Less than 9

 
100  
 
Zero
Low
JinkoSolar Holding has less than 9 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for JinkoSolar Holding stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, JinkoSolar Holding's odds of distress score SHOULD NOT be confused with the real chance of JinkoSolar Holding filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as JinkoSolar is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include JinkoSolar Holding's liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More Info
The data published in JinkoSolar Holding's official financial statements usually reflect JinkoSolar Holding's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of JinkoSolar Holding. For example, before you start analyzing numbers published by JinkoSolar accountants, it's critical to develop an understanding of what JinkoSolar Holding's liquidity, profitability, and earnings quality are in the context of the Semiconductors & Semiconductor Equipment space in which it operates.
Please note, the presentation of JinkoSolar Holding's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, JinkoSolar Holding's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in JinkoSolar Holding's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of JinkoSolar Holding. Please utilize our Beneish M Score to check the likelihood of JinkoSolar Holding's management manipulating its earnings.

JinkoSolar Holding Company Summary

JinkoSolar Holding competes with Chipotle Mexican, Catalyst Pharmaceuticals, BioNTech, Mustang Bio, and Abcellera BiologicsInc. JinkoSolar Holding Co., Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. JinkoSolar Holding Co., Ltd. was founded in 2006 and is based in Shangrao, the Peoples Republic of China. Jinkosolar Holding operates under Solar classification in the United States and is traded on New York Stock Exchange. It employs 31030 people.
Specialization
Information Technology, Semiconductors & Semiconductor Equipment
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS47759T1007
CUSIP47759T100
LocationChina
Business Address1 Yingbin Avenue,
SectorSemiconductors & Semiconductor Equipment
IndustryInformation Technology
BenchmarkNYSE Composite
Websitewww.jinkosolar.com
Phone86 79 3858 8188
CurrencyUSD - US Dollar
You should never invest in JinkoSolar Holding without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of JinkoSolar Stock, because this is throwing your money away. Analyzing the key information contained in JinkoSolar Holding's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

JinkoSolar Holding Key Financial Ratios

Generally speaking, JinkoSolar Holding's financial ratios allow both analysts and investors to convert raw data from JinkoSolar Holding's financial statements into concise, actionable information that can be used to evaluate the performance of JinkoSolar Holding over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that JinkoSolar Holding reports annually and quarterly.

JinkoSolar Holding Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets47.8B53.2B73.0B108.7B125.0B131.2B
Other Current Liab9.5B2.5B12.8B21.3B24.5B25.7B
Net Debt14.4B20.1B29.0B37.5B43.2B45.3B
Retained Earnings4.7B4.9B5.6B6.2B7.2B7.5B
Accounts Payable5.0B4.5B6.8B10.4B11.9B12.5B
Cash5.7B7.5B8.3B10.2B11.8B12.4B
Net Receivables7.3B6.0B9.2B23.8B27.4B28.7B
Inventory8.3B9.4B14.8B20.8B23.9B25.1B
Other Current Assets10.4B10.2B13.1B13.4B15.4B16.2B
Total Liab35.4B40.2B58.7B81.7B93.9B98.6B
Total Current Assets31.7B33.7B45.5B68.3B78.6B82.5B
Short Term Debt16.8B19.7B25.7B32.5B37.3B39.2B
Intangible Assets634.3M796.8M1.1B1.5B1.7B1.8B
Common Stock24.8K26.1K26K28K32.2K19.2K
Other Assets3.5B5.0B4.6B3.9B4.4B4.7B
Long Term Debt2.3B7.3B11.6B15.5B17.8B18.7B
Other Liab949.0M1.1B1.6B2.2B2.5B2.6B
Net Tangible Assets8.7B9.2B9.9B14.9B17.1B18.0B
Short Long Term Debt16.6B19.4B25.4B32.2B37.1B38.9B
Long Term Debt Total2.9B7.6B11.8B15.6B17.9B18.8B
Capital Surpluse4.6B5.3B5.6B9.9B11.4B12.0B

JinkoSolar Holding Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what JinkoSolar Holding's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense391.6M459.2M624.0M490.7M441.6M419.6M
Total Revenue29.7B35.1B40.8B83.1B95.6B100.4B
Gross Profit5.4B6.2B6.7B12.3B14.1B14.8B
Operating Income1.8B1.9B1.4B803.0M923.4M817.9M
Ebit1.8B1.9B1.4B803.0M923.4M773.2M
Research Development324.4M389.2M461.6M724.8M833.5M875.2M
Ebitda2.6B3.1B3.0B3.4B3.9B4.1B
Cost Of Revenue24.3B29.0B34.2B70.8B81.5B85.6B
Income Before Tax1.2B513.7M1.1B2.2B2.5B2.6B
Net Income898.7M230.4M721.0M620.5M713.6M388.8M
Income Tax Expense278.0M178.4M194.1M605.3M696.1M730.9M
Minority Interest3.1B3.0B(234.6M)(957.8M)(1.1B)(1.0B)
Tax Provision278.0M178.4M194.1M579.2M666.1M699.4M
Interest Income560.6M1.4B480.2M450.6M518.2M582.5M
Net Interest Income(410.2M)(459.2M)(624.0M)(490.7M)(441.6M)(463.7M)

JinkoSolar Holding Key Cash Accounts

Cash flow analysis captures how much money flows into and out of JinkoSolar Holding. It measures of how well JinkoSolar is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money JinkoSolar Holding brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money JinkoSolar had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what JinkoSolar Holding has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change To Inventory(2.1B)(1.3B)(6.6B)(7.8B)(7.0B)(6.7B)
Change In Cash2.8B1.8B1.0B2.2B2.5B2.6B
Free Cash Flow(2.3B)(3.5B)(8.2B)(18.1B)(16.2B)(15.4B)
Depreciation978.9M1.4B1.8B2.8B3.2B3.3B
Other Non Cash Items975.6M(282.6M)8.0B6.7B7.7B8.1B
Capital Expenditures3.7B4.1B8.7B12.3B14.1B14.8B
Net Income898.7M230.4M721.0M620.5M713.6M438.8M
End Period Cash Flow6.3B8.1B9.1B11.3B13.0B13.6B
Change To Netincome179.0M741.8M2.1B1.7B2.0B2.1B
Investments(6.0B)(570M)10M(12.3B)(11.0B)(10.5B)
Net Borrowings2.7B4.6B2.5B10.7B12.4B13.0B

JinkoSolar Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining JinkoSolar Holding's current stock value. Our valuation model uses many indicators to compare JinkoSolar Holding value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across JinkoSolar Holding competition to find correlations between indicators driving JinkoSolar Holding's intrinsic value. More Info.
JinkoSolar Holding is currently regarded as number one stock in return on asset category among related companies. It is currently regarded as number one stock in debt to equity category among related companies fabricating about  59.36  of Debt To Equity per Return On Asset. . Comparative valuation analysis is a catch-all model that can be used if you cannot value JinkoSolar Holding by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for JinkoSolar Holding's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the JinkoSolar Holding's earnings, one of the primary drivers of an investment's value.

JinkoSolar Holding Systematic Risk

JinkoSolar Holding's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. JinkoSolar Holding volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on JinkoSolar Holding correlated with the market. If Beta is less than 0 JinkoSolar Holding generally moves in the opposite direction as compared to the market. If JinkoSolar Holding Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one JinkoSolar Holding is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of JinkoSolar Holding is generally in the same direction as the market. If Beta > 1 JinkoSolar Holding moves generally in the same direction as, but more than the movement of the benchmark.

About JinkoSolar Holding Financials

What exactly are JinkoSolar Holding Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include JinkoSolar Holding's income statement, its balance sheet, and the statement of cash flows. Potential JinkoSolar Holding investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although JinkoSolar Holding investors may use each financial statement separately, they are all related. The changes in JinkoSolar Holding's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on JinkoSolar Holding's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze JinkoSolar Holding Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as JinkoSolar Holding is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of JinkoSolar has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if JinkoSolar Holding's financials are consistent with your investment objective using the following steps:
  • Review JinkoSolar Holding's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand JinkoSolar Holding's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare JinkoSolar Holding's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if JinkoSolar Holding's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

JinkoSolar Holding Thematic Clasifications

JinkoSolar Holding is part of Climate Change investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. A subset of companies across different industries and markets, that have embraced or working towards promoting renewable energy equipment, product, or services. Large and medium sized entities that are committing to fully or partially replace some traditional services or products with renewables sources of energy in order to combat global climate change
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This theme covers A subset of companies across different industries and markets, that have embraced or working towards promoting renewable energy equipment, product, or services. Large and medium sized entities that are committing to fully or partially replace some traditional services or products with renewables sources of energy in order to combat global climate change. Get More Thematic Ideas
Today, most investors in JinkoSolar Holding Stock are looking for potential investment opportunities by analyzing not only static indicators but also various JinkoSolar Holding's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of JinkoSolar Holding growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(1.44)

At this time, JinkoSolar Holding's Price Earnings To Growth Ratio is comparatively stable compared to the past year.

JinkoSolar Holding March 28, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of JinkoSolar Holding help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of JinkoSolar Holding. We use our internally-developed statistical techniques to arrive at the intrinsic value of JinkoSolar Holding based on widely used predictive technical indicators. In general, we focus on analyzing JinkoSolar Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build JinkoSolar Holding's daily price indicators and compare them against related drivers.
When determining whether JinkoSolar Holding is a strong investment it is important to analyze JinkoSolar Holding's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact JinkoSolar Holding's future performance. For an informed investment choice regarding JinkoSolar Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JinkoSolar Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
For more information on how to buy JinkoSolar Stock please use our How to Invest in JinkoSolar Holding guide.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

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When running JinkoSolar Holding's price analysis, check to measure JinkoSolar Holding's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy JinkoSolar Holding is operating at the current time. Most of JinkoSolar Holding's value examination focuses on studying past and present price action to predict the probability of JinkoSolar Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JinkoSolar Holding's price. Additionally, you may evaluate how the addition of JinkoSolar Holding to your portfolios can decrease your overall portfolio volatility.
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Is JinkoSolar Holding's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of JinkoSolar Holding. If investors know JinkoSolar will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about JinkoSolar Holding listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.95)
Dividend Share
10.945
Earnings Share
10.17
Revenue Per Share
2.3 K
Quarterly Revenue Growth
0.094
The market value of JinkoSolar Holding is measured differently than its book value, which is the value of JinkoSolar that is recorded on the company's balance sheet. Investors also form their own opinion of JinkoSolar Holding's value that differs from its market value or its book value, called intrinsic value, which is JinkoSolar Holding's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because JinkoSolar Holding's market value can be influenced by many factors that don't directly affect JinkoSolar Holding's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between JinkoSolar Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if JinkoSolar Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JinkoSolar Holding's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.