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JinkoSolar (JKS) Financials

JinkoSolar logo
$17.90 +0.37 (+2.08%)
Closing price 05/6/2025 03:59 PM Eastern
Extended Trading
$17.99 +0.09 (+0.51%)
As of 06:54 AM Eastern
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Annual Income Statements for JinkoSolar

Annual Income Statements for JinkoSolar

This table shows JinkoSolar's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 108 104 262 22 59 129 35 113 90 486 7.47
Consolidated Net Income / (Loss)		 117 131 286 22 59 133 52 150 227 909 1.85
Net Income / (Loss) Continuing Operations		 112 117 142 22 58 133 52 153 227 909 1.85
Total Pre-Tax Income 		90 132 179 23 59 180 87 171 287 1,055 36
Total Operating Income		 136 171 193 50 94 248 275 173 62 858 -458
Total Gross Profit		 337 446 555 459 511 780 949 1,045 1,780 2,683 1,378
Total Revenue		 1,566 2,353 3,069 4,062 3,645 4,271 5,403 6,407 12,052 16,716 12,639
Operating Revenue		 1,566 2,353 3,069 4,062 3,645 4,271 5,403 6,407 12,052 16,716 12,639
Total Cost of Revenue		 1,229 1,907 2,514 3,603 3,134 3,491 4,454 5,362 10,272 14,033 11,261
Operating Cost of Revenue		 1,229 1,907 2,514 3,603 3,134 3,491 4,454 5,362 10,272 14,033 11,261
Total Operating Expenses		 201 276 361 409 418 532 675 872 1,718 1,825 1,836
Selling, General & Admin Expense		 59 79 112 72 113 152 217 308 509 646 630
Marketing Expense		 124 174 206 292 249 323 381 448 1,050 960 910
Research & Development Expense		 17 22 26 45 53 47 60 72 105 128 126
Impairment Charge		 1.00 0.00 18 0.00 2.12 9.80 18 43 54 90 170
Total Other Income / (Expense), net		 -45 -39 -9.53 -27 -36 -69 -188 0.97 224 207 494
Interest Expense		 4.19 - - 0.00 0.00 2.68 104 132 156 165 157
Interest & Investment Income		 -36 -47 -51 -15 -43 -47 33 34 85 78 57
Other Income / (Expense), net		 -4.65 8.57 41 -12 7.05 -19 -117 99 295 294 594
Income Tax Expense		 -22 15 37 0.71 0.64 40 27 30 88 178 9.51
Other Gains / (Losses), net		 - 0.00 0.00 -0.32 0.38 -7.01 -8.11 9.39 28 31 -24
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.14 0.64 0.80 0.07 -0.13 -3.69 16 37 137 423 -5.62
Basic Earnings per Share		 - - - $1.10 $2.64 $5.31 $1.29 $3.78 $3.13 $2.34 $0.01
Weighted Average Basic Shares Outstanding		 122.98M 124.62M 125.87M 128.94M 153.81M 169.36M 178.94M 190.67M 198.00M 207.71M 208.61M
Diluted Earnings per Share		 - - - $1.08 $2.63 $4.85 ($1.36) $2.01 $3.10 $2.15 ($0.02)
Weighted Average Diluted Shares Outstanding		 153.79M 127.80M 130.59M 131.69M 154.70M 166.57M 171.44M 205.72M 200.41M 226.11M 209.98M
Weighted Average Basic & Diluted Shares Outstanding		 124.29M 125.47M 126.73M 132.15M 156.86M 178.93M 187.43M 190.82M 201.19M 208.56M 205.35M

Quarterly Income Statements for JinkoSolar

No quarterly income statements for JinkoSolar are available.

Annual Cash Flow Statements for JinkoSolar

This table details how cash moves in and out of JinkoSolar's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 212 290 -187 -9.03 91 401 277 179 282 1,029 1,052
Net Cash From Operating Activities		 29 204 -259 -27 89 203 91 68 -841 1,947 2,308
Net Cash From Continuing Operating Activities		 30 204 -259 -27 75 203 91 68 -841 1,947 2,308
Net Income / (Loss) Continuing Operations		 117 131 286 22 59 133 52 150 227 909 1.85
Consolidated Net Income / (Loss)		 117 131 286 22 59 133 52 150 227 909 1.85
Depreciation Expense		 70 95 111 93 117 117 187 257 375 1,107 1,034
Amortization Expense		 1.29 1.30 0.21 -5.95 3.44 26 28 27 25 47 38
Non-Cash Adjustments To Reconcile Net Income		 50 24 -21 -168 -196 -301 365 61 117 315 823
Changes in Operating Assets and Liabilities, net		 -209 -47 -634 32 92 228 -540 -427 -1,586 -430 413
Net Cash From Investing Activities		 -669 -505 -997 -373 -573 -865 -757 -1,775 -1,779 -2,135 -398
Net Cash From Continuing Investing Activities		 -669 -505 -997 -373 -573 -865 -757 -1,775 -1,779 -2,135 -398
Purchase of Property, Plant & Equipment		 -79 -132 -306 -334 -352 -473 -624 -1,358 -1,776 -2,154 -1,246
Acquisitions		 -23 -14 -6.39 -1.67 -2.01 -1.13 5.15 -5.06 -19 -28 -45
Purchase of Investments		 -386 -408 -677 -960 -1,245 -1,612 -1,811 -2,439 -1,532 -2,555 -1,338
Sale of Property, Plant & Equipment		 2.60 1.09 1.29 7.58 20 29 14 3.21 104 66 44
Sale and/or Maturity of Investments		 229 395 370 974 1,028 1,223 1,671 2,024 1,448 2,580 2,024
Other Investing Activities, net		 -412 -348 -383 -63 -23 -59 -12 0.00 -3.40 -51 162
Net Cash From Financing Activities		 853 586 1,058 403 578 1,060 969 1,886 2,902 1,217 -859
Net Cash From Continuing Financing Activities		 853 586 1,058 403 578 1,060 969 1,886 2,902 1,217 -859
Repayment of Debt		 -645 -1,088 -2,333 -2,651 -1,773 -2,149 -3,897 -3,810 -4,005 -2,937 -3,117
Repurchase of Preferred Equity		 - - - - - - - 0.00 0.00 -42 0.00
Repurchase of Common Equity		 0.00 0.00 -5.12 - 0.00 0.00 -4.51 0.00 -6.84 -11 -120
Payment of Dividends		 - - - - 0.00 0.00 -44 0.00 -14 -131 -201
Issuance of Debt		 1,148 1,673 3,393 2,986 2,125 2,651 3,987 5,207 5,480 4,182 3,954
Issuance of Common Equity		 125 - 0.00 0.00 186 443 133 101 2.46 1.45 205
Other Financing Activities, net		 2.34 1.16 3.12 67 39 115 794 388 1,446 155 -1,580
Cash Interest Paid		 32 63 96 44 54 83 103 126 156 157 113
Cash Income Taxes Paid		 5.63 18 36 29 3.98 1.95 55 25 58 251 231

Quarterly Cash Flow Statements for JinkoSolar

No quarterly cash flow statements for JinkoSolar are available.

Annual Balance Sheets for JinkoSolar

This table presents JinkoSolar's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 3,069 4,133 3,741 4,394 5,218 6,869 8,187 11,453 15,755 19,132 17,109
Total Current Assets		 1,673 3,425 2,824 3,009 3,326 4,550 5,180 7,144 9,907 11,683 9,434
Cash & Equivalents		 286 364 359 296 452 812 1,151 1,306 1,485 2,262 3,432
Restricted Cash		 340 261 524 625 646 1,078 1,076 1,548 1,446 1,478 775
Short-Term Investments		 21 7.14 10 0.41 - 0.00 88 24 15 144 127
Note & Lease Receivable		 12 78 219 88 147 222 167 265 1,012 576 457
Accounts Receivable		 529 419 896 1,022 899 839 761 1,177 2,441 3,238 1,931
Inventories, net		 304 488 641 656 836 835 1,288 2,080 2,530 2,566 1,714
Prepaid Expenses		 147 109 110 262 249 226 465 382 477 479 611
Other Current Assets		 21 1,686 47 61 97 538 186 363 500 940 387
Plant, Property, & Equipment, net		 499 573 679 1,025 1,205 1,466 1,916 3,134 4,682 5,812 0.00
Total Noncurrent Assets		 897 134 238 360 687 854 1,091 1,175 1,166 1,637 7,674
Long-Term Investments		 17 1.10 1.03 42 138 116 244 289 448 529 459
Noncurrent Note & Lease Receivables		 - - - - 0.00 181 132 103 81 12 0.00
Intangible Assets		 1.60 3.12 2.91 3.95 5.15 5.23 5.51 8.71 12 80 63
Noncurrent Deferred & Refundable Income Taxes		 16 18 19 42 49 39 39 58 102 182 362
Other Noncurrent Operating Assets		 839 88 186 273 495 513 671 717 524 834 6,790
Total Liabilities & Shareholders' Equity		 3,069 4,133 3,741 4,394 5,218 6,869 8,187 11,453 15,755 19,132 17,109
Total Liabilities		 2,270 3,225 2,815 3,368 3,988 5,083 6,189 9,211 11,839 14,408 12,418
Total Current Liabilities		 1,692 2,835 2,633 3,063 3,514 4,491 4,801 7,134 9,415 11,417 7,464
Short-Term Debt		 814 786 1,536 1,822 1,918 2,378 2,985 3,988 4,791 5,642 2,483
Accounts Payable		 506 576 624 721 775 716 685 1,070 1,505 2,180 1,512
Current Deferred & Payable Income Tax Liabilities		 13 18 27 4.26 10 17 11 34 107 143 96
Current Employee Benefit Liabilities		 50 69 83 111 118 126 153 195 295 394 381
Other Current Liabilities		 230 138 166 288 691 483 968 1,730 2,717 2,901 2,992
Other Current Nonoperating Liabilities		 - 918 - - 0.00 145 0.00 87 0.00 157 0.00
Total Noncurrent Liabilities		 578 390 182 305 474 592 1,388 2,077 2,424 2,991 4,954
Long-Term Debt		 540 330 76 58 285 332 1,123 1,815 2,131 2,592 4,608
Noncurrent Deferred & Payable Income Tax Liabilities		 0.41 0.00 7.26 11 3.77 36 51 29 28 19 7.77
Other Noncurrent Operating Liabilities		 37 61 98 235 186 140 166 197 255 381 338
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 231 245 0.00 - - - - - - - 210
Total Equity & Noncontrolling Interests		 568 663 926 1,026 1,230 1,786 1,998 2,242 3,915 4,723 4,480
Total Preferred & Common Equity		 564 658 926 1,026 1,141 1,336 1,536 1,734 2,369 2,839 2,726
Total Common Equity		 564 658 926 1,026 1,141 1,336 1,536 1,734 2,369 2,839 2,726
Common Stock		 449 445 451 508 584 658 808 882 1,437 1,512 1,541
Retained Earnings		 74 159 396 437 466 572 648 883 906 1,287 1,184
Treasury Stock		 -2.23 -2.11 -1.99 -2.13 -2.02 -1.99 -6.64 -6.77 -6.26 -11 -30
Accumulated Other Comprehensive Income / (Loss)		 1.91 1.92 15 3.57 10 9.04 -20 -24 32 51 31
Noncontrolling Interest		 4.14 4.56 -0.07 -0.00 89 451 462 508 1,547 1,884 1,754

Quarterly Balance Sheets for JinkoSolar

No quarterly balance sheets for JinkoSolar are available.

Annual Metrics and Ratios for JinkoSolar

This table displays calculated financial ratios and metrics derived from JinkoSolar's official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 34.07% 50.22% 30.42% 32.38% -10.27% 17.17% 26.51% 18.57% 88.12% 38.69% -24.39%
EBITDA Growth		 50.68% 36.26% 25.79% -64.06% 77.60% 68.32% -0.07% 49.45% 36.24% 204.51% -43.62%
EBIT Growth		 76.71% 36.84% 30.87% -83.89% 166.82% 127.36% -31.49% 72.98% 31.35% 222.68% -86.26%
NOPAT Growth		 71.65% -10.32% 1.68% -68.50% 92.01% 108.03% -2.64% -24.39% -69.63% 1,553.01% -147.05%
Net Income Growth		 273.38% 12.17% 118.05% -92.36% 170.56% 124.82% -61.15% 190.80% 51.33% 300.50% -99.80%
EPS Growth		 0.00% 0.00% 0.00% 0.00% 143.52% 84.41% -128.04% 247.79% 54.23% -30.65% -101.09%
Operating Cash Flow Growth		 -72.01% 606.04% -226.81% 89.49% 429.17% 126.43% -55.08% -25.72% -1,344.54% 331.54% 18.54%
Free Cash Flow Firm Growth		 -392.96% -70.66% 223.10% -134.13% 42.90% -106.00% -109.08% -83.60% -90.43% 77.79% 357.59%
Invested Capital Growth		 61.62% 55.76% -29.20% 20.31% 12.99% 23.78% 32.23% 39.10% 48.98% 16.75% -19.69%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 21.53% 18.97% 18.08% 11.30% 14.03% 18.26% 17.57% 16.31% 14.77% 16.05% 10.90%
EBITDA Margin		 12.90% 11.70% 11.29% 3.06% 6.07% 8.71% 6.88% 8.68% 6.28% 13.79% 9.55%
Operating Margin		 8.67% 7.26% 6.30% 1.23% 2.58% 5.81% 5.08% 2.70% 0.52% 5.13% -3.63%
EBIT Margin		 8.37% 7.62% 7.65% 0.93% 2.77% 5.37% 2.91% 4.24% 2.96% 6.89% 1.07%
Profit (Net Income) Margin		 7.46% 5.57% 9.31% 0.54% 1.62% 3.11% 0.95% 2.34% 1.88% 5.44% 0.01%
Tax Burden Percent		 129.04% 99.22% 159.63% 95.51% 99.56% 73.88% 59.19% 87.68% 79.18% 86.15% 5.19%
Interest Burden Percent		 69.04% 73.60% 76.22% 60.40% 58.75% 78.29% 55.42% 62.90% 80.25% 91.54% 26.27%
Effective Tax Rate		 -24.06% 11.59% 20.64% 3.11% 1.08% 22.22% 31.50% 17.81% 30.62% 16.83% 26.71%
Return on Invested Capital (ROIC)		 14.19% 8.06% 7.87% 2.72% 4.48% 7.86% 5.95% 3.31% 0.69% 8.84% -4.28%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.87% 6.10% 20.66% -0.58% 0.90% 1.50% -4.83% 3.66% 6.53% 14.03% 6.48%
Return on Net Nonoperating Assets (RNNOA)		 6.43% 7.30% 23.28% -0.48% 0.75% 0.94% -3.23% 3.77% 6.68% 12.20% 4.32%
Return on Equity (ROE)		 20.62% 15.35% 31.15% 2.23% 5.23% 8.80% 2.73% 7.07% 7.37% 21.04% 0.04%
Cash Return on Invested Capital (CROIC)		 -32.91% -35.55% 42.07% -15.72% -7.72% -13.39% -21.80% -29.40% -38.65% -6.62% 17.55%
Operating Return on Assets (OROA)		 5.44% 4.98% 5.96% 0.93% 2.10% 3.80% 2.09% 2.77% 2.63% 6.61% 0.75%
Return on Assets (ROA)		 4.85% 3.64% 7.25% 0.54% 1.23% 2.20% 0.68% 1.53% 1.67% 5.21% 0.01%
Return on Common Equity (ROCE)		 16.31% 10.99% 26.92% 2.23% 5.02% 7.22% 2.07% 5.46% 4.91% 12.68% 0.02%
Return on Equity Simple (ROE_SIMPLE)		 20.71% 19.91% 30.83% 2.13% 5.17% 9.94% 3.36% 8.65% 9.58% 32.01% 0.07%
Net Operating Profit after Tax (NOPAT)		 168 151 154 48 93 193 188 142 43 714 -336
NOPAT Margin		 10.75% 6.42% 5.00% 1.19% 2.55% 4.52% 3.48% 2.22% 0.36% 4.27% -2.66%
Net Nonoperating Expense Percent (NNEP)		 8.32% 1.96% -12.79% 3.30% 3.59% 6.36% 10.78% -0.36% -5.84% -5.19% -10.76%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - - -2.90%
Cost of Revenue to Revenue		 78.47% 81.03% 81.92% 88.70% 85.97% 81.74% 82.43% 83.69% 85.23% 83.95% 89.10%
SG&A Expenses to Revenue		 3.79% 3.37% 3.64% 1.78% 3.11% 3.56% 4.01% 4.81% 4.22% 3.86% 4.98%
R&D to Revenue		 1.09% 0.93% 0.85% 1.11% 1.46% 1.09% 1.11% 1.13% 0.87% 0.77% 1.00%
Operating Expenses to Revenue		 12.86% 11.71% 11.78% 10.07% 11.46% 12.45% 12.49% 13.61% 14.25% 10.92% 14.53%
Earnings before Interest and Taxes (EBIT)		 131 179 235 38 101 229 157 272 357 1,152 136
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 202 275 346 124 221 372 372 556 757 2,306 1,207
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.90 1.25 0.49 0.71 0.27 0.63 1.72 1.19 0.79 0.65 0.48
Price to Tangible Book Value (P/TBV)		 0.91 1.26 0.50 0.71 0.28 0.63 1.73 1.19 0.79 0.67 0.49
Price to Revenue (P/Rev)		 0.33 0.35 0.15 0.18 0.09 0.20 0.49 0.32 0.15 0.11 0.10
Price to Earnings (P/E)		 4.71 7.90 1.75 33.53 5.28 6.54 74.73 18.21 20.74 3.83 173.76
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.06% 12.05%
Earnings Yield		 21.24% 12.65% 57.30% 2.98% 18.93% 15.29% 1.34% 5.49% 4.82% 26.13% 0.58%
Enterprise Value to Invested Capital (EV/IC)		 0.98 0.68 0.73 0.85 0.62 0.77 1.31 1.05 0.93 0.87 0.80
Enterprise Value to Revenue (EV/Rev)		 0.92 0.66 0.38 0.41 0.38 0.49 0.87 0.82 0.58 0.45 0.44
Enterprise Value to EBITDA (EV/EBITDA)		 7.10 5.64 3.39 13.23 6.19 5.60 12.66 9.43 9.18 3.28 4.61
Enterprise Value to EBIT (EV/EBIT)		 10.94 8.67 5.01 43.55 13.56 9.08 29.95 19.28 19.46 6.56 41.01
Enterprise Value to NOPAT (EV/NOPAT)		 8.52 10.29 7.66 34.06 14.74 10.78 25.04 36.87 160.96 10.60 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 49.67 7.62 0.00 0.00 15.30 10.29 51.75 77.57 0.00 3.88 2.41
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 1.43 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.04
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.69 1.23 1.74 1.83 1.79 1.56 2.08 2.60 1.77 1.74 1.51
Long-Term Debt to Equity		 0.68 0.36 0.08 0.06 0.23 0.23 0.59 0.83 0.55 0.55 0.98
Financial Leverage		 1.10 1.20 1.13 0.82 0.84 0.63 0.67 1.03 1.02 0.87 0.67
Leverage Ratio		 4.26 4.22 4.29 4.17 4.26 4.01 3.98 4.63 4.42 4.04 3.85
Compound Leverage Factor		 2.94 3.11 3.27 2.52 2.50 3.14 2.21 2.91 3.55 3.70 1.01
Debt to Total Capital		 62.89% 55.16% 63.51% 64.69% 64.15% 61.01% 67.53% 72.26% 63.90% 63.55% 60.19%
Short-Term Debt to Total Capital		 37.79% 38.87% 60.50% 62.69% 55.86% 51.92% 48.50% 49.34% 44.17% 43.54% 21.08%
Long-Term Debt to Total Capital		 25.10% 16.29% 3.01% 2.00% 8.29% 9.08% 19.03% 22.91% 19.74% 20.00% 39.11%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 10.92% 12.32% 0.00% 0.00% 2.60% 9.83% 7.51% 6.29% 14.26% 14.54% 16.67%
Common Equity to Total Capital		 26.20% 32.52% 36.50% 35.31% 33.24% 29.16% 24.96% 21.46% 21.84% 21.91% 23.14%
Debt to EBITDA		 6.70 4.05 4.65 15.11 9.96 7.51 11.17 10.51 9.15 3.57 5.88
Net Debt to EBITDA		 3.41 1.75 2.07 7.38 4.37 2.12 4.30 4.81 4.67 1.66 1.90
Long-Term Debt to EBITDA		 2.67 1.20 0.22 0.47 1.29 1.12 3.15 3.33 2.83 1.12 3.82
Debt to NOPAT		 8.04 7.39 10.50 38.89 23.72 14.47 22.10 41.07 160.53 11.54 -21.12
Net Debt to NOPAT		 4.10 3.19 4.68 18.99 10.41 4.08 8.50 18.80 81.92 5.35 -6.84
Long-Term Debt to NOPAT		 3.21 2.18 0.50 1.21 3.06 2.15 6.23 13.02 49.58 3.63 -13.72
Altman Z-Score		 0.81 1.09 1.33 1.21 0.89 0.96 1.15 0.88 1.05 1.26 1.06
Noncontrolling Interest Sharing Ratio		 20.91% 28.39% 13.60% 0.00% 3.96% 17.90% 24.11% 22.87% 33.37% 39.72% 40.88%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.99 1.21 1.07 0.98 0.95 1.01 1.08 1.00 1.05 1.02 1.26
Quick Ratio		 0.50 0.31 0.56 0.46 0.43 0.42 0.45 0.39 0.53 0.54 0.80
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -390 -666 820 -280 -160 -329 -688 -1,264 -2,407 -535 1,377
Operating Cash Flow to CapEx		 37.90% 156.25% -84.71% -8.32% 26.91% 45.56% 14.91% 4.99% -50.28% 93.30% 192.12%
Free Cash Flow to Firm to Interest Expense		 -93.21 0.00 0.00 0.00 0.00 -122.99 -6.62 -9.61 -15.38 -3.24 8.79
Operating Cash Flow to Interest Expense		 6.89 0.00 0.00 0.00 0.00 75.65 0.88 0.51 -5.37 11.81 14.74
Operating Cash Flow Less CapEx to Interest Expense		 -11.29 0.00 0.00 0.00 0.00 -90.40 -4.99 -9.78 -16.06 -0.85 7.07
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.65 0.65 0.78 1.00 0.76 0.71 0.72 0.65 0.89 0.96 0.70
Accounts Receivable Turnover		 3.69 4.96 4.67 4.24 3.79 4.91 6.76 6.61 6.66 5.89 4.89
Inventory Turnover		 5.83 4.82 4.45 5.56 4.20 4.18 4.19 3.18 4.46 5.51 5.26
Fixed Asset Turnover		 3.06 4.39 4.90 4.77 3.27 3.20 3.20 2.54 3.08 3.19 0.00
Accounts Payable Turnover		 3.08 3.52 4.19 5.36 4.19 4.68 6.36 6.11 7.98 7.62 6.10
Days Sales Outstanding (DSO)		 98.87 73.56 78.19 86.14 96.18 74.27 54.02 55.19 54.79 62.00 74.63
Days Inventory Outstanding (DIO)		 62.60 75.79 81.98 65.71 86.88 87.38 87.03 114.64 81.90 66.27 69.35
Days Payable Outstanding (DPO)		 118.59 103.63 87.12 68.13 87.17 77.99 57.40 59.70 45.73 47.92 59.83
Cash Conversion Cycle (CCC)		 42.88 45.73 73.04 83.71 95.89 83.66 83.64 110.13 90.95 80.36 84.15
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,466 2,283 1,616 1,945 2,197 2,720 3,596 5,002 7,453 8,701 6,988
Invested Capital Turnover		 1.32 1.26 1.57 2.28 1.76 1.74 1.71 1.49 1.94 2.07 1.61
Increase / (Decrease) in Invested Capital		 559 817 -667 328 253 522 876 1,406 2,450 1,248 -1,713
Enterprise Value (EV)		 1,434 1,554 1,175 1,647 1,369 2,083 4,708 5,242 6,950 7,563 5,560
Market Capitalization		 509 823 457 729 313 844 2,648 2,061 1,866 1,858 1,298
Book Value per Share		 $5.22 $5.29 $7.38 $8.10 $8.64 $8.52 $8.59 $9.25 $12.41 $14.11 $13.07
Tangible Book Value per Share		 $5.20 $5.27 $7.36 $8.07 $8.60 $8.48 $8.55 $9.20 $12.35 $13.71 $12.77
Total Capital		 2,153 2,023 2,538 2,907 3,433 4,581 6,154 8,081 10,847 12,957 11,781
Total Debt		 1,354 1,116 1,612 1,881 2,202 2,795 4,156 5,839 6,932 8,234 7,091
Total Long-Term Debt		 540 330 76 58 285 416 1,171 1,852 2,141 2,592 4,608
Net Debt		 690 482 718 918 967 789 1,598 2,674 3,537 3,820 2,298
Capital Expenditures (CapEx)		 76 130 305 327 332 445 610 1,355 1,673 2,087 1,202
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 147 743 834 847 633 548 1,050 1,121 2,336 2,023 119
Debt-free Net Working Capital (DFNWC)		 794 1,376 1,727 1,768 1,730 2,437 3,364 3,998 5,282 5,907 4,453
Net Working Capital (NWC)		 -19 590 191 -54 -187 59 379 10 492 265 1,970
Net Nonoperating Expense (NNE)		 52 20 -132 27 34 60 136 -7.76 -184 -195 -338
Net Nonoperating Obligations (NNO)		 667 1,376 690 918 967 934 1,598 2,760 3,537 3,978 2,298
Total Depreciation and Amortization (D&A)		 71 96 112 87 120 143 215 284 400 1,153 1,071
Debt-free, Cash-free Net Working Capital to Revenue		 9.38% 31.59% 27.18% 20.85% 17.36% 12.83% 19.43% 17.49% 19.38% 12.10% 0.94%
Debt-free Net Working Capital to Revenue		 50.71% 58.48% 56.27% 43.53% 47.47% 57.07% 62.26% 62.40% 43.83% 35.34% 35.23%
Net Working Capital to Revenue		 -1.23% 25.06% 6.23% -1.34% -5.14% 1.38% 7.02% 0.16% 4.08% 1.59% 15.59%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.88 $0.85 $0.00 $0.00 $0.00 $0.76 $0.20 $0.59 $0.45 $2.34 $0.01
Adjusted Weighted Average Basic Shares Outstanding		 122.98M 124.62M 125.87M 128.94M 153.81M 169.36M 178.94M 190.67M 198.00M 207.71M 208.61M
Adjusted Diluted Earnings per Share		 $0.62 $0.83 $0.00 $0.00 $0.00 $0.70 ($0.21) $0.31 $0.45 $2.15 ($0.02)
Adjusted Weighted Average Diluted Shares Outstanding		 153.79M 127.80M 130.59M 131.69M 154.70M 166.57M 171.44M 205.72M 200.41M 226.11M 209.98M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 124.29M 125.47M 126.73M 132.15M 156.86M 178.93M 187.43M 190.82M 201.19M 208.56M 205.35M
Normalized Net Operating Profit after Tax (NOPAT)		 96 151 168 48 95 201 200 177 81 789 -211
Normalized NOPAT Margin		 6.11% 6.42% 5.47% 1.19% 2.60% 4.70% 3.70% 2.77% 0.67% 4.72% -1.67%
Pre Tax Income Margin		 5.78% 5.61% 5.83% 0.56% 1.63% 4.21% 1.61% 2.67% 2.38% 6.31% 0.28%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 31.29 0.00 0.00 0.00 0.00 85.71 1.51 2.07 2.28 6.99 0.87
NOPAT to Interest Expense		 40.19 0.00 0.00 0.00 0.00 72.15 1.81 1.08 0.28 4.33 -2.14
EBIT Less CapEx to Interest Expense		 13.10 0.00 0.00 0.00 0.00 -80.35 -4.36 -8.23 -8.41 -5.67 -6.81
NOPAT Less CapEx to Interest Expense		 22.01 0.00 0.00 0.00 0.00 -93.90 -4.06 -9.22 -10.41 -8.33 -9.82
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 85.51% 0.00% 6.08% 14.38% 10,893.50%
Augmented Payout Ratio		 0.00% 0.00% 1.79% 0.00% 0.00% 0.00% 94.25% 0.00% 9.09% 15.61% 17,380.96%

Quarterly Metrics and Ratios for JinkoSolar

No quarterly metrics and ratios for JinkoSolar are available.

Frequently Asked Questions About JinkoSolar's Financials

When does JinkoSolar's financial year end?

According to the most recent income statement we have on file, JinkoSolar's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has JinkoSolar's net income changed over the last 10 years?

JinkoSolar's net income appears to be on an upward trend, with a most recent value of $1.85 million in 2024, falling from $116.77 million in 2014. The previous period was $908.82 million in 2023. Find out what analysts predict for JinkoSolar in the coming months.

What is JinkoSolar's operating income?
JinkoSolar's total operating income in 2024 was -$458.22 million, based on the following breakdown:
  • Total Gross Profit: $1.38 billion
  • Total Operating Expenses: $1.84 billion
How has JinkoSolar revenue changed over the last 10 years?

Over the last 10 years, JinkoSolar's total revenue changed from $1.57 billion in 2014 to $12.64 billion in 2024, a change of 707.0%.

How much debt does JinkoSolar have?

JinkoSolar's total liabilities were at $12.42 billion at the end of 2024, a 13.8% decrease from 2023, and a 447.1% increase since 2014.

How much cash does JinkoSolar have?

In the past 10 years, JinkoSolar's cash and equivalents has ranged from $285.73 million in 2014 to $3.43 billion in 2024, and is currently $3.43 billion as of their latest financial filing in 2024.

How has JinkoSolar's book value per share changed over the last 10 years?

Over the last 10 years, JinkoSolar's book value per share changed from 5.22 in 2014 to 13.07 in 2024, a change of 150.5%.


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This page (NYSE:JKS) was last updated on 5/7/2025 by MarketBeat.com Staff
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