Ping An Insurance (Group) Company of China Balance Sheet Health
Financial Health criteria checks 3/6
Ping An Insurance (Group) Company of China has a total shareholder equity of CN¥1,242.1B and total debt of CN¥2,208.9B, which brings its debt-to-equity ratio to 177.8%. Its total assets and total liabilities are CN¥11,982.3B and CN¥10,740.2B respectively. Ping An Insurance (Group) Company of China's EBIT is CN¥142.0B making its interest coverage ratio 6.1. It has cash and short-term investments of CN¥2,639.4B.
Key information
177.8%
Debt to equity ratio
CN¥2.21t
Debt
| Interest coverage ratio | 6.1x |
| Cash | CN¥2.64t |
| Equity | CN¥1.24t |
| Total liabilities | CN¥10.74t |
| Total assets | CN¥11.98t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PZX's short term assets (CN¥3,515.7B) exceed its short term liabilities (CN¥308.0B).
Long Term Liabilities: PZX's short term assets (CN¥3,515.7B) do not cover its long term liabilities (CN¥10,432.2B).
Debt to Equity History and Analysis
Debt Level: PZX has more cash than its total debt.
Reducing Debt: PZX's debt to equity ratio has increased from 152.1% to 177.8% over the past 5 years.
Debt Coverage: PZX's debt is not well covered by operating cash flow (10.2%).
Interest Coverage: PZX's interest payments on its debt are well covered by EBIT (6.1x coverage).