Ping An Insurance (Group) Company of China Balance Sheet Health
Financial Health criteria checks 5/6
Ping An Insurance (Group) Company of China has a total shareholder equity of CN¥1,232.1B and total debt of CN¥2,015.3B, which brings its debt-to-equity ratio to 163.6%. Its total assets and total liabilities are CN¥11,465.8B and CN¥10,233.7B respectively. Ping An Insurance (Group) Company of China's EBIT is CN¥126.8B making its interest coverage ratio 5.4. It has cash and short-term investments of CN¥2,339.3B.
Key information
163.6%
Debt to equity ratio
CN¥2.02t
Debt
Interest coverage ratio | 5.4x |
Cash | CN¥2.34t |
Equity | CN¥1.23t |
Total liabilities | CN¥10.23t |
Total assets | CN¥11.47t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PNGAY N's short term assets (CN¥3,295.1B) exceed its short term liabilities (CN¥299.8B).
Long Term Liabilities: PNGAY N's short term assets (CN¥3,295.1B) do not cover its long term liabilities (CN¥9,933.9B).
Debt to Equity History and Analysis
Debt Level: PNGAY N has more cash than its total debt.
Reducing Debt: PNGAY N's debt to equity ratio has reduced from 211% to 163.6% over the past 5 years.
Debt Coverage: PNGAY N's debt is well covered by operating cash flow (22.8%).
Interest Coverage: PNGAY N's interest payments on its debt are well covered by EBIT (5.4x coverage).