PICC Property and Casualty Co (HKSE:02328) Cash-to-Debt : 1.27 (As of Dec. 2023)

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What is PICC Property and Casualty 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. PICC Property and Casualty Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.27.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, PICC Property and Casualty Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for PICC Property and Casualty Co's Cash-to-Debt or its related term are showing as below:

HKSE:02328' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.57 Med: 0.83 Max: 1.67
Current: 1.27

During the past 13 years, PICC Property and Casualty Co's highest Cash to Debt Ratio was 1.67. The lowest was 0.57. And the median was 0.83.

HKSE:02328's Cash-to-Debt is ranked worse than
57.68% of 482 companies
in the Insurance industry
Industry Median: 1.83 vs HKSE:02328: 1.27

PICC Property and Casualty Co Cash-to-Debt Historical Data

The historical data trend for PICC Property and Casualty 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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PICC Property and Casualty Co Cash-to-Debt Chart

PICC Property and Casualty Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.79

0.57

1.67

1.08

1.27

PICC Property and Casualty Co Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															N/A	1.08	0.94	N/A	1.27

Competitive Comparison of PICC Property and Casualty Co's Cash-to-Debt

For the Insurance - Property & Casualty subindustry, PICC Property and Casualty 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.

PICC Property and Casualty Co's Cash-to-Debt Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, PICC Property and Casualty Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where PICC Property and Casualty Co's Cash-to-Debt falls into.

PICC Property and Casualty 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.

PICC Property and Casualty 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)
	=	13431.605	/	(0	+	10588.873)
	=	1.27

PICC Property and Casualty 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)
	=	13431.605	/	(0	+	10588.873)
	=	1.27

PICC Property and Casualty Co (HKSE:02328) 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.

PICC Property and Casualty Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of PICC Property and Casualty Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

PICC Property and Casualty Co (HKSE:02328) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PICC Property and Casualty Co Ltd (HKSE:02328) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PPCCY:USA PPCCF:USA PJC:Germany

Address

Tower 2, No. 2 Jianguomenwai Avenue, Chaoyang District, Beijing, CHN, 100022

Website

https://property.picc.com

Headquartered in Beijing, PICC P&C is China's largest nonlife insurer, commanding over 33% market share in the country. It was founded by the People's Bank of China in 1949. The company is a flagship subsidiary of the PICC Group, a state-owned insurance group, which owns 69% of PICC P&C. The company offers a wide range of nonlife insurance products, including auto, commercial property, liability, credit and surety bond, accidents and health, energy and aerospace, and agricultural insurance.

PICC Property and Casualty Co (HKSE:02328) Headlines

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