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¥365.2B and total debt of CN¥146.1B, which brings its debt-to-equity ratio to 40%. Its total assets and total liabilities are CN¥1,701.5B and CN¥1,336.3B respectively. People's Insurance Company (Group) of China's EBIT is CN¥66.5B making its interest coverage ratio 46.6. It has cash and short-term investments of CN¥369.8B.
Key information
40.0%
Debt to equity ratio
CN¥146.11b
Debt
| Interest coverage ratio | 46.6x |
| Cash | CN¥369.80b |
| Equity | CN¥365.22b |
| Total liabilities | CN¥1.34t |
| Total assets | CN¥1.70t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601319's short term assets (CN¥425.3B) exceed its short term liabilities (CN¥161.1B).
Long Term Liabilities: 601319's short term assets (CN¥425.3B) do not cover its long term liabilities (CN¥1,175.2B).
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 45.6% to 40% over the past 5 years.
Debt Coverage: 601319's debt is well covered by operating cash flow (60.1%).
Interest Coverage: 601319's interest payments on its debt are well covered by EBIT (46.6x coverage).