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¥337.0B and total debt of CN¥111.4B, which brings its debt-to-equity ratio to 33.1%. Its total assets and total liabilities are CN¥1,574.6B and CN¥1,237.6B respectively. People's Insurance Company (Group) of China's EBIT is CN¥32.6B making its interest coverage ratio 17.2. It has cash and short-term investments of CN¥412.5B.
Key information
33.1%
Debt to equity ratio
CN¥111.44b
Debt
Interest coverage ratio | 17.2x |
Cash | CN¥412.46b |
Equity | CN¥336.98b |
Total liabilities | CN¥1.24t |
Total assets | CN¥1.57t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1339's short term assets (CN¥462.6B) exceed its short term liabilities (CN¥118.0B).
Long Term Liabilities: 1339's short term assets (CN¥462.6B) do not cover its long term liabilities (CN¥1,119.6B).
Debt to Equity History and Analysis
Debt Level: 1339 has more cash than its total debt.
Reducing Debt: 1339's debt to equity ratio has reduced from 47.6% to 33.1% over the past 5 years.
Debt Coverage: 1339's debt is well covered by operating cash flow (56.1%).
Interest Coverage: 1339's interest payments on its debt are well covered by EBIT (17.2x coverage).