China Taiping Insurance Holdings Balance Sheet Health
Financial Health criteria checks 5/6
China Taiping Insurance Holdings has a total shareholder equity of HK$132.6B and total debt of HK$129.1B, which brings its debt-to-equity ratio to 97.4%. Its total assets and total liabilities are HK$1,509.5B and HK$1,376.9B respectively. China Taiping Insurance Holdings's EBIT is HK$16.6B making its interest coverage ratio 4.4. It has cash and short-term investments of HK$510.2B.
Key information
97.4%
Debt to equity ratio
HK$129.12b
Debt
Interest coverage ratio | 4.4x |
Cash | HK$510.15b |
Equity | HK$132.60b |
Total liabilities | HK$1.38t |
Total assets | HK$1.51t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HIUC's short term assets (HK$588.9B) exceed its short term liabilities (HK$122.0B).
Long Term Liabilities: HIUC's short term assets (HK$588.9B) do not cover its long term liabilities (HK$1,254.9B).
Debt to Equity History and Analysis
Debt Level: HIUC has more cash than its total debt.
Reducing Debt: HIUC's debt to equity ratio has reduced from 100.2% to 97.4% over the past 5 years.
Debt Coverage: HIUC's debt is well covered by operating cash flow (86.4%).
Interest Coverage: HIUC's interest payments on its debt are well covered by EBIT (4.4x coverage).