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JinkoSolar Holding Co (JinkoSolar Holding Co) Debt-to-EBITDA : 7.84 (As of Mar. 2024)


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What is JinkoSolar Holding Co Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

JinkoSolar Holding Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $5,048 Mil. JinkoSolar Holding Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2,377 Mil. JinkoSolar Holding Co's annualized EBITDA for the quarter that ended in Mar. 2024 was $947 Mil. JinkoSolar Holding Co's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 7.84.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

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

JKS' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.37   Med: 7.69   Max: 12.26
Current: 6.1

During the past 13 years, the highest Debt-to-EBITDA Ratio of JinkoSolar Holding Co was 12.26. The lowest was 3.37. And the median was 7.69.

JKS's Debt-to-EBITDA is ranked worse than
82.11% of 710 companies
in the Semiconductors industry
Industry Median: 1.6 vs JKS: 6.10

JinkoSolar Holding Co Debt-to-EBITDA Historical Data

The historical data trend for JinkoSolar Holding Co's Debt-to-EBITDA 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-EBITDA Chart

JinkoSolar Holding Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.17 10.52 10.00 8.22 3.37

JinkoSolar Holding Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.68 4.90 4.64 11.09 7.84

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

For the Solar subindustry, JinkoSolar Holding Co's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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-EBITDA Distribution in the Semiconductors Industry

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

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



JinkoSolar Holding Co Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

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

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(5631.944 + 2322.263) / 2359.959
=3.37

JinkoSolar Holding Co's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(5047.843 + 2376.656) / 947.408
=7.84

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Mar. 2024) EBITDA data.


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

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


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


JinkoSolar Holding Co Debt-to-EBITDA Related Terms

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JinkoSolar Holding Co (JinkoSolar Holding Co) Business Description

Address
1 Yingbin Road, Shangrao Economic Development Zone, Jiangxi Province, Shangrao, CHN, 334100
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 product includes 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.