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JinkoSolar Holding Co., Ltd. Message Board

  • ibc123 ibc123 Apr 10, 2013 1:58 PM Flag

    Terrible balance sheet

    JKS balance sheet shows current liabilities exceeding current assets by 50% where even HSOL, TSL and JASO all show current assets equaling or exceeding current liabilities. Also JKS is much more highly leveraged than other Chinese solar companies, with a leverage of 6:1 compared to 3:1 or less for most other Chinese solars. JKS loss of $122 million for the quarter shows there isn't much time left before eventual bankruptcy later this year considering their TOTAL cash and short term investments is only $82 million.

    Sentiment: Sell

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