ZhongAn Online P&C Insurance Co (HKSE:06060) Cash-to-Debt : 0.22 (As of Dec. 2023)

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What is ZhongAn Online P&C Insurance Co Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. ZhongAn Online P&C Insurance Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.22.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, ZhongAn Online P&C Insurance Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for ZhongAn Online P&C Insurance Co's Cash-to-Debt or its related term are showing as below:

HKSE:06060' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.22 Med: 23.98 Max: No Debt
Current: 0.22

During the past 10 years, ZhongAn Online P&C Insurance Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.22. And the median was 23.98.

HKSE:06060's Cash-to-Debt is ranked worse than
88.43% of 484 companies
in the Insurance industry
Industry Median: 1.86 vs HKSE:06060: 0.22

ZhongAn Online P&C Insurance Co Cash-to-Debt Historical Data

The historical data trend for ZhongAn Online P&C Insurance Co's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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ZhongAn Online P&C Insurance Co Cash-to-Debt Chart

ZhongAn Online P&C Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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7.32

1.24

0.64

0.49

0.22

ZhongAn Online P&C Insurance Co Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial													0.64	0.46	0.49	0.38	0.22

Competitive Comparison of ZhongAn Online P&C Insurance Co's Cash-to-Debt

For the Insurance - Property & Casualty subindustry, ZhongAn Online P&C Insurance Co's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ZhongAn Online P&C Insurance Co's Cash-to-Debt Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, ZhongAn Online P&C Insurance Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where ZhongAn Online P&C Insurance Co's Cash-to-Debt falls into.

ZhongAn Online P&C Insurance Co Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

ZhongAn Online P&C Insurance Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1724.259	/	(0	+	7860.61)
	=	0.22

ZhongAn Online P&C Insurance Co's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1724.259	/	(0	+	7860.61)
	=	0.22

ZhongAn Online P&C Insurance Co (HKSE:06060) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

ZhongAn Online P&C Insurance Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of ZhongAn Online P&C Insurance Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

ZhongAn Online P&C Insurance Co (HKSE:06060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » ZhongAn Online P&C Insurance Co Ltd (HKSE:06060) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ZZHGF:USA ZZHGY:USA 1ZO:Germany

Address

219 Yuanmingyuan Road, Shanghai, CHN

Website

https://www.zhongan.com

ZhongAn was founded by Ant Financial, Tencent, Ping An Insurance, and other well-known enterprises in 2013 and is headquartered in Shanghai. The company is the first internet-based insurance company in China. It provides online underwriting and claim services through the internet without any offline branches. ZhongAn was listed in September 2017 in Hong Kong. Besides the online insurance segment, the company operates technology and banking segments. Its insurance technology segment exports digital operating system, middle platforms, and industry models to licensed financial players both domestically and overseas. Its banking segment, through Hong Kong-based virtual bank ZA Bank, offers similar services as traditional offline banks but without an offline presence.

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