JKS (JinkoSolar Holding Co) Debt-to-Equity : 2.48 (As of Sep. 2024)

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What is JinkoSolar Holding Co Debt-to-Equity?

JinkoSolar Holding Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $3,156 Mil. JinkoSolar Holding Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $3,906 Mil. JinkoSolar Holding Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $2,843 Mil. JinkoSolar Holding Co's debt to equity for the quarter that ended in Sep. 2024 was 2.48.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for JinkoSolar Holding Co's Debt-to-Equity or its related term are showing as below:

JKS' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.63 Med: 2.53 Max: 3.71
Current: 2.48

During the past 13 years, the highest Debt-to-Equity Ratio of JinkoSolar Holding Co was 3.71. The lowest was 1.63. And the median was 2.53.

JKS's Debt-to-Equity is ranked worse than
97.05% of 882 companies
in the Semiconductors industry
Industry Median: 0.27 vs JKS: 2.48

JinkoSolar Holding Co Debt-to-Equity Historical Data

The historical data trend for JinkoSolar Holding Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

JinkoSolar Holding Co Debt-to-Equity Chart

JinkoSolar Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.15

2.77

3.37

2.93

2.82

JinkoSolar Holding Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															2.69	2.82	2.55	2.31	2.48

Competitive Comparison of JinkoSolar Holding Co's Debt-to-Equity

For the Solar subindustry, JinkoSolar Holding Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

JinkoSolar Holding Co's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, JinkoSolar Holding Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where JinkoSolar Holding Co's Debt-to-Equity falls into.

JinkoSolar Holding Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

JinkoSolar Holding Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5631.944	+	2322.263)	/	2822.951
	=	2.82

JinkoSolar Holding Co's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(3155.806	+	3905.832)	/	2843.064
	=	2.48

JinkoSolar Holding Co (NYSE:JKS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

JinkoSolar Holding Co Debt-to-Equity Related Terms

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JinkoSolar Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » JinkoSolar Holding Co Ltd (NYSE:JKS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

JKS:Mexico 0JOX:UK ZJS1:Germany JKS:Austria

Address

1 Yingbin Road, Shangrao Economic Development Zone, Jiangxi Province, Shangrao, CHN, 334100

Website

https://www.jinkosolar.com/en

JinkoSolar Holding Co Ltd is engaged in the photovoltaic industry. The firm has built a vertically integrated solar power product value chain, manufacturing from silicon wafers to solar modules. It sells solar modules under the JinkoSolar brand. The company's products include Silicon wafers, Solar cells, and Solar modules. Its geographical segments are China (including Hong Kong and Taiwan), North America, Europe, Asia Pacific (except China, which includes Hong Kong and Taiwan), and the Rest of the world.