People's Insurance Company (Group) of China Balance Sheet Health
Financial Health criteria checks 5/6
People's Insurance Company (Group) of China has a total shareholder equity of CN¥332.9B and total debt of CN¥147.6B, which brings its debt-to-equity ratio to 44.3%. Its total assets and total liabilities are CN¥1,556.7B and CN¥1,223.8B respectively. People's Insurance Company (Group) of China's EBIT is CN¥37.1B making its interest coverage ratio 25.3. It has cash and short-term investments of CN¥464.1B.
Key information
44.3%
Debt to equity ratio
CN¥147.56b
Debt
Interest coverage ratio | 25.3x |
Cash | CN¥464.09b |
Equity | CN¥332.90b |
Total liabilities | CN¥1.22t |
Total assets | CN¥1.56t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601319's short term assets (CN¥543.4B) exceed its short term liabilities (CN¥164.0B).
Long Term Liabilities: 601319's short term assets (CN¥543.4B) do not cover its long term liabilities (CN¥1,059.8B).
Debt to Equity History and Analysis
Debt Level: 601319 has more cash than its total debt.
Reducing Debt: 601319's debt to equity ratio has reduced from 54.6% to 44.3% over the past 5 years.
Debt Coverage: 601319's debt is well covered by operating cash flow (47.8%).
Interest Coverage: 601319's interest payments on its debt are well covered by EBIT (25.3x coverage).