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JinkoSolar (JKS) Financials

JinkoSolar logo
$18.14 -0.21 (-1.14%)
Closing price 05/30/2025 03:59 PM Eastern
Extended Trading
$18.10 -0.04 (-0.21%)
As of 05/30/2025 07:34 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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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 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Income / (Loss) Attributable to Common Shareholders		 7.47 486 90 113 35 129 59 22 262 104 108
Consolidated Net Income / (Loss)		 1.85 909 227 150 52 133 59 22 286 131 117
Net Income / (Loss) Continuing Operations		 1.85 909 227 153 52 133 58 22 142 117 112
Total Pre-Tax Income 		36 1,055 287 171 87 180 59 23 179 132 90
Total Operating Income		 -458 858 62 173 275 248 94 50 193 171 136
Total Gross Profit		 1,378 2,683 1,780 1,045 949 780 511 459 555 446 337
Total Revenue		 12,639 16,716 12,052 6,407 5,403 4,271 3,645 4,062 3,069 2,353 1,566
Operating Revenue		 12,639 16,716 12,052 6,407 5,403 4,271 3,645 4,062 3,069 2,353 1,566
Total Cost of Revenue		 11,261 14,033 10,272 5,362 4,454 3,491 3,134 3,603 2,514 1,907 1,229
Operating Cost of Revenue		 11,261 14,033 10,272 5,362 4,454 3,491 3,134 3,603 2,514 1,907 1,229
Total Operating Expenses		 1,836 1,825 1,718 872 675 532 418 409 361 276 201
Selling, General & Admin Expense		 630 646 509 308 217 152 113 72 112 79 59
Marketing Expense		 910 960 1,050 448 381 323 249 292 206 174 124
Research & Development Expense		 126 128 105 72 60 47 53 45 26 22 17
Impairment Charge		 170 90 54 43 18 9.80 2.12 0.00 18 0.00 1.00
Total Other Income / (Expense), net		 494 207 224 0.97 -188 -69 -36 -27 -9.53 -39 -45
Interest Expense		 157 165 156 132 104 2.68 0.00 0.00 - - 4.19
Interest & Investment Income		 57 78 85 34 33 -47 -43 -15 -51 -47 -36
Other Income / (Expense), net		 594 294 295 99 -117 -19 7.05 -12 41 8.57 -4.65
Income Tax Expense		 9.51 178 88 30 27 40 0.64 0.71 37 15 -22
Other Gains / (Losses), net		 -24 31 28 9.39 -8.11 -7.01 0.38 -0.32 0.00 0.00 -
Net Income / (Loss) Attributable to Noncontrolling Interest		 -5.62 423 137 37 16 -3.69 -0.13 0.07 0.80 0.64 0.14
Basic Earnings per Share		 $0.01 $2.34 $3.13 $3.78 $1.29 $5.31 $2.64 $1.10 - - -
Weighted Average Basic Shares Outstanding		 208.61M 207.71M 198.00M 190.67M 178.94M 169.36M 153.81M 128.94M 125.87M 124.62M 122.98M
Diluted Earnings per Share		 ($0.02) $2.15 $3.10 $2.01 ($1.36) $4.85 $2.63 $1.08 - - -
Weighted Average Diluted Shares Outstanding		 209.98M 226.11M 200.41M 205.72M 171.44M 166.57M 154.70M 131.69M 130.59M 127.80M 153.79M
Weighted Average Basic & Diluted Shares Outstanding		 205.35M 208.56M 201.19M 190.82M 187.43M 178.93M 156.86M 132.15M 126.73M 125.47M 124.29M

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

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

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

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. See where experts think JinkoSolar is headed by visiting JinkoSolar's forecast page.

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 5/31/2025 by MarketBeat.com Staff
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