Ping An Insurance (Group) Company of China Balance Sheet Health
Financial Health criteria checks 5/6
Ping An Insurance (Group) Company of China has a total shareholder equity of CN¥1,279.6B and total debt of CN¥2,103.1B, which brings its debt-to-equity ratio to 164.4%. Its total assets and total liabilities are CN¥12,533.7B and CN¥11,254.1B respectively. Ping An Insurance (Group) Company of China's EBIT is CN¥180.7B making its interest coverage ratio 8.8. It has cash and short-term investments of CN¥2,819.0B.
Key information
164.4%
Debt to equity ratio
CN¥2.10t
Debt
| Interest coverage ratio | 8.8x |
| Cash | CN¥2.82t |
| Equity | CN¥1.28t |
| Total liabilities | CN¥11.25t |
| Total assets | CN¥12.53t |
Financial Position Analysis
Short Term Liabilities: 601318's short term assets (CN¥3,919.7B) exceed its short term liabilities (CN¥351.2B).
Long Term Liabilities: 601318's short term assets (CN¥3,919.7B) do not cover its long term liabilities (CN¥10,903.0B).
Debt to Equity History and Analysis
Debt Level: 601318 has more cash than its total debt.
Reducing Debt: 601318's debt to equity ratio has reduced from 198.3% to 164.4% over the past 5 years.
Debt Coverage: 601318's debt is well covered by operating cash flow (22.1%).
Interest Coverage: 601318's interest payments on its debt are well covered by EBIT (8.8x coverage).