PICC Property and Casualty Balance Sheet Health
Financial Health criteria checks 3/6
PICC Property and Casualty has a total shareholder equity of CN¥245.5B and total debt of CN¥49.6B, which brings its debt-to-equity ratio to 20.2%. Its total assets and total liabilities are CN¥736.6B and CN¥491.1B respectively. PICC Property and Casualty's EBIT is CN¥32.1B making its interest coverage ratio 2.9. It has cash and short-term investments of CN¥142.6B.
Key information
20.2%
Debt to equity ratio
CN¥49.64b
Debt
| Interest coverage ratio | 2.9x |
| Cash | CN¥142.55b |
| Equity | CN¥245.52b |
| Total liabilities | CN¥491.12b |
| Total assets | CN¥736.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PPCC.F's short term assets (CN¥194.3B) exceed its short term liabilities (CN¥82.9B).
Long Term Liabilities: PPCC.F's short term assets (CN¥194.3B) do not cover its long term liabilities (CN¥408.2B).
Debt to Equity History and Analysis
Debt Level: PPCC.F has more cash than its total debt.
Reducing Debt: PPCC.F's debt to equity ratio has increased from 20% to 20.2% over the past 5 years.
Debt Coverage: PPCC.F's debt is well covered by operating cash flow (48.5%).
Interest Coverage: PPCC.F's interest payments on its debt are not well covered by EBIT (2.9x coverage).