JinkoSolar Holding (JKS) Capital Leases (2019 - 2023)
JinkoSolar Holding (JKS) posted Capital Leases of $5.8 million for Q2 2023, down 30.1% sequentially from $8.3 million in Q1 2023, and down 72.48% YoY from $21.0 million in Q2 2022.
JinkoSolar Holding (JKS) Capital Leases (2019 - 2023) Analysis & Trends
JinkoSolar Holding has reported Capital Leases for 5 years, with the latest figure at $5.8 million in Q2 2023.
- Quarterly Capital Leases fell 72.48% year-over-year to $5.8 million in Q2 2023, while the trailing twelve-month figure through Jun 2023 was $5.8 million (down 72.48% YoY) and the FY2023 annual result came in at $5.6 million, down 73.83% from the prior year.
- Capital Leases eased to $5.8 million in Q2 2023 per JKS's latest filing, from $8.3 million in the prior quarter.
- Over five years, Capital Leases peaked at $82.8 million in Q4 2019 and troughed at $5.8 million in Q2 2023.
- A 5-year average of $38.7 million and a median of $39.0 million in 2019 frame the typical range for Capital Leases.
- The sharpest annual moves came in 2020 and 2023: Capital Leases surged 115.33% in 2020, then sank 74.23% in 2023.
- Over 5 years, Capital Leases stood at $82.8 million in 2019, then plunged by 42.93% to $47.2 million in 2020, then dropped by 21.74% to $37.0 million in 2021, then slumped by 73.42% to $9.8 million in 2022, then plunged by 41.24% to $5.8 million in 2023.
- According to Business Quant data, Capital Leases over the past three periods registered $5.8 million, $8.3 million, and $9.8 million for Q2 2023, Q1 2023, and Q4 2022 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn |
| 10 | Toyo | 181.99 Mn | 105.35 Mn | 47.76 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2023 | 5.77 Mn |
| Mar 31, 2023 | 8.26 Mn |
| Dec 31, 2022 | 9.83 Mn |
| Sep 30, 2022 | 12.33 Mn |
| Jun 30, 2022 | 20.98 Mn |
| Mar 31, 2022 | 32.05 Mn |
| Dec 31, 2021 | 36.97 Mn |
| Sep 30, 2021 | 46.48 Mn |
| Jun 30, 2021 | 36.80 Mn |
| Mar 31, 2021 | 41.38 Mn |
| Dec 31, 2020 | 47.24 Mn |
| Sep 30, 2020 | 65.09 Mn |
| Jun 30, 2020 | 66.69 Mn |
| Mar 31, 2020 | 70.94 Mn |
| Dec 31, 2019 | 82.79 Mn |
| Sep 30, 2019 | 41.16 Mn |
| Jun 30, 2019 | 30.97 Mn |
| Mar 31, 2019 | 40.99 Mn |