How much debt does JinkoSolar Holding Co. have?

JinkoSolar Holding Co. had total debt of CNY 53.16B as of Mar 31, 2026, against CNY 30.45B in cash and short-term investments. Its debt-to-equity ratio was 3.38. Total debt was CNY 47.85B a year earlier.

What are JinkoSolar Holding Co.'s total assets?

JinkoSolar Holding Co. reported total assets of CNY 121.10B as of Mar 31, 2026, down 3.0% from CNY 124.88B a year earlier. Total liabilities were CNY 93.51B.

What is JinkoSolar Holding Co.'s shareholders' equity?

JinkoSolar Holding Co.'s shareholders' equity was CNY 15.74B as of Mar 31, 2026.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry.

JinkoSolar Holding Co. (JKS) Balance Sheet: Assets & Liabilities

JinkoSolar Holding Co. Balance Sheet Analysis

Values in billions CNY

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for JinkoSolar Holding Co., Ltd. (JKS) - Annual data in billions CNY
Breakdown	FY 2025	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Mar 2026	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Mar 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	22.95	20.01	25.05	16.06	10.24	8.32	7.48	7.48	5.65	3.10	1.93
Short-Term Investments	7.49	4.19	0.93	1.02	0.10	0.15	0.57	0.57	0.00	0.00	0.00
Cash & Short-Term Investments	30.45	24.19	25.98	17.08	10.35	8.47	8.05	8.05	5.65	3.10	1.93
Accounts Receivable	17.33	13.59	21.01	22.96	23.94	7.50	8.31	6.88	8.35	8.52	8.43
Inventory	15.82	14.48	12.51	22.78	17.45	14.79	8.38	9.38	5.82	5.74	4.27
Other Current Assets	5.26	0.12	9.36	13.11	16.59	5.35	8.94	0.21	11.86	5.48	4.98
Total Current Assets	68.86	68.81	68.87	82.95	68.33	45.52	33.68	33.68	31.69	22.85	19.61
Non-Current Assets
Property, Plant & Equipment (Net)	40.29	41.35	46.09	42.01	34.41	21.04	15.13	13.60	13.14	10.51	7.40
Long-Term Investments	1.91	0.70	2.02	2.22	1.71	0.63	0.19	0.19	0.28	0.03	0.02
Goodwill	0.45	-	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Intangible Assets	0.00	2.59	2.30	2.39	1.51	1.15	0.80	0.80	0.63	0.61	0.50
Other Non-Current Assets	5.01	0.53	2.96	6.27	2.00	4.64	3.17	4.70	1.83	1.51	0.84
Total Non-Current Assets	52.24	52.21	56.02	52.89	40.33	27.46	19.55	-	16.16	13.00	9.03
Total Assets	121.10	121.02	124.88	135.83	108.66	72.98	53.23	53.23	47.84	35.85	28.64
Current Liabilities
Accounts Payable	13.72	13.71	11.04	41.17	10.38	18.89	4.45	4.45	4.99	5.33	4.66
Short-Term Debt	20.78	18.84	18.27	13.58	33.28	13.34	19.73	2.51	16.83	13.19	11.89
Current Portion of Long-Term Debt	-	-	4.01	0.78	2.10	1.37	-	2.51	-	-	-
Accrued Liabilities	-	3.09	19.36	16.25	11.26	6.09	-	2.26	-	-	-
Deferred Revenue	5.32	5.32	5.09	6.97	9.22	6.11	2.45	2.45	4.35	2.40	0.75
Other Current Liabilities	15.26	0.06	20.09	2.16	11.32	0.77	4.52	2.25	4.99	3.16	2.63
Total Current Liabilities	55.08	55.04	54.48	81.06	64.94	45.46	31.22	31.22	31.28	24.14	19.96
Non-Current Liabilities
Long-Term Debt	32.37	26.82	29.58	16.02	14.50	11.00	7.89	7.30	3.18	2.59	1.22
Deferred Tax Liabilities	0.03	0.03	0.06	0.13	0.19	0.18	0.33	0.33	0.25	0.03	0.07
Other Non-Current Liabilities	6.03	6.06	6.52	4.66	2.02	1.62	0.80	0.80	0.70	0.64	0.70
Total Non-Current Liabilities	38.43	38.41	36.16	21.24	16.72	13.24	9.02	-	4.13	3.26	1.98
Total Liabilities	93.51	93.45	90.64	102.30	81.66	58.70	40.24	40.24	35.40	27.40	21.95
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	0.00	3.71	8.64	9.14	6.25	5.63	4.22	4.91	3.98	3.20	2.85
Accumulated Other Comprehensive Income	0.00	0.18	0.23	0.36	0.22	-0.15	0.56	-0.13	0.75	0.64	0.54
Treasury Stock	-	0.00	0.22	0.08	0.04	0.04	-	-	-	-	-
Additional Paid-in Capital	15.74	11.83	11.03	10.74	9.87	5.62	5.21	-	4.57	4.00	3.30
Minority Interest	11.85	11.84	14.34	13.38	10.67	3.24	3.00	-	3.14	0.61	0.00
Shares Outstanding	-	0.21	0.21	0.21	0.20	0.19	-	-	-	-	-
Total Stockholders' Equity	15.74	15.73	19.90	33.53	16.34	14.29	9.99	12.99	9.30	7.84	6.69
Total Liabilities & Equity	121.10	121.02	124.88	135.83	108.66	72.98	53.23	-	47.84	35.85	28.64

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

JinkoSolar Holding Co. Balance Sheet Analysis

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