PICC Property and Casualty Balance Sheet Health
Financial Health criteria checks 5/6
PICC Property and Casualty has a total shareholder equity of CN¥234.3B and total debt of CN¥48.4B, which brings its debt-to-equity ratio to 20.7%. Its total assets and total liabilities are CN¥703.6B and CN¥469.3B respectively. PICC Property and Casualty's EBIT is CN¥33.8B making its interest coverage ratio 3. It has cash and short-term investments of CN¥160.6B.
Key information
20.7%
Debt to equity ratio
CN¥48.40b
Debt
Interest coverage ratio | 3x |
Cash | CN¥160.57b |
Equity | CN¥234.30b |
Total liabilities | CN¥469.32b |
Total assets | CN¥703.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PPCC.Y's short term assets (CN¥223.9B) exceed its short term liabilities (CN¥75.8B).
Long Term Liabilities: PPCC.Y's short term assets (CN¥223.9B) do not cover its long term liabilities (CN¥393.5B).
Debt to Equity History and Analysis
Debt Level: PPCC.Y has more cash than its total debt.
Reducing Debt: PPCC.Y's debt to equity ratio has reduced from 36.3% to 20.7% over the past 5 years.
Debt Coverage: PPCC.Y's debt is well covered by operating cash flow (42.4%).
Interest Coverage: PPCC.Y's interest payments on its debt are well covered by EBIT (3x coverage).