The People's Insurance Co (Group) of China (HKSE:01339) Debt-to-Equity : 0.17 (As of Dec. 2023)

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What is The People's Insurance Co (Group) of China Debt-to-Equity?

The People's Insurance Co (Group) of China's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$865 Mil. The People's Insurance Co (Group) of China's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$43,173 Mil. The People's Insurance Co (Group) of China's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$265,083 Mil. The People's Insurance Co (Group) of China's debt to equity for the quarter that ended in Dec. 2023 was 0.17.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for The People's Insurance Co (Group) of China's Debt-to-Equity or its related term are showing as below:

HKSE:01339' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.32 Max: 0.53
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of The People's Insurance Co (Group) of China was 0.53. The lowest was 0.17. And the median was 0.32.

HKSE:01339's Debt-to-Equity is ranked better than
59.01% of 383 companies
in the Insurance industry
Industry Median: 0.23 vs HKSE:01339: 0.17

The People's Insurance Co (Group) of China Debt-to-Equity Historical Data

The historical data trend for The People's Insurance Co (Group) of China's Debt-to-Equity 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.

* Premium members only.

The People's Insurance Co (Group) of China Debt-to-Equity Chart

The People's Insurance Co (Group) of China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.28

0.30

0.22

0.21

0.17

The People's Insurance Co (Group) of China Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.21	0.17	0.17	0.17	N/A

Competitive Comparison of The People's Insurance Co (Group) of China's Debt-to-Equity

For the Insurance - Property & Casualty subindustry, The People's Insurance Co (Group) of China's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

The People's Insurance Co (Group) of China's Debt-to-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, The People's Insurance Co (Group) of China's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where The People's Insurance Co (Group) of China's Debt-to-Equity falls into.

The People's Insurance Co (Group) of China Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The People's Insurance Co (Group) of China's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(865.179	+	43172.546)	/	265082.782
	=	0.17

The People's Insurance Co (Group) of China's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(865.179	+	43172.546)	/	265082.782
	=	0.17

The People's Insurance Co (Group) of China (HKSE:01339) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

The People's Insurance Co (Group) of China Debt-to-Equity Related Terms

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The People's Insurance Co (Group) of China (HKSE:01339) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » The People's Insurance Co (Group) of China Ltd (HKSE:01339) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PINXY:USA PIR:Germany 601319:China

Address

No. 88, West Chang’an Avenue, 1st-13th Floor, Xi Cheng District, Beijing, CHN, 100031

Website

http://www.picc.com.cn

Headquartered in Beijing, PICC Group is the largest state-owned insurance group, holding a 69% stake in PICC P&C, an 80% stake in PICC Life, and a 69% stake in PICC Health Insurance. Its P&C subsidiary is the largest nonlife insurer with about one third of market share in China. Life and health insurance subsidiaries hold about 2.9% and 1.3% share, respectively. The Ministry of Finance is the largest shareholder, with 61% share. China's Social Security Fund is the group's second-largest shareholder holding nearly 13% share.

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