China Pacific Insurance (Group) Balance Sheet Health
Financial Health criteria checks 5/6
China Pacific Insurance (Group) has a total shareholder equity of CN¥276.3B and total debt of CN¥102.1B, which brings its debt-to-equity ratio to 37%. Its total assets and total liabilities are CN¥2,441.4B and CN¥2,165.1B respectively. China Pacific Insurance (Group)'s EBIT is CN¥33.7B making its interest coverage ratio 12.6. It has cash and short-term investments of CN¥669.0B.
Key information
37.0%
Debt to equity ratio
CN¥102.09b
Debt
| Interest coverage ratio | 12.6x |
| Cash | CN¥669.00b |
| Equity | CN¥276.27b |
| Total liabilities | CN¥2.17t |
| Total assets | CN¥2.44t |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 601601's short term assets (CN¥717.1B) exceed its short term liabilities (CN¥114.4B).
Long Term Liabilities: 601601's short term assets (CN¥717.1B) do not cover its long term liabilities (CN¥2,050.7B).
Debt to Equity History and Analysis
Debt Level: 601601 has more cash than its total debt.
Reducing Debt: 601601's debt to equity ratio has reduced from 48.1% to 37% over the past 5 years.
Debt Coverage: 601601's debt is well covered by operating cash flow (135.6%).
Interest Coverage: 601601's interest payments on its debt are well covered by EBIT (12.6x coverage).