PICC Property and Casualty Co (HKSE:02328) Debt-to-Equity : 0.04 (As of Dec. 2023)

View and export this data going back to 2003. Start your Free Trial

What is PICC Property and Casualty Co Debt-to-Equity?

PICC Property and Casualty Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0 Mil. PICC Property and Casualty Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$10,589 Mil. PICC Property and Casualty Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$253,122 Mil. PICC Property and Casualty Co's debt to equity for the quarter that ended in Dec. 2023 was 0.04.

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 PICC Property and Casualty Co's Debt-to-Equity or its related term are showing as below:

HKSE:02328' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.14 Max: 0.26
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of PICC Property and Casualty Co was 0.26. The lowest was 0.04. And the median was 0.14.

HKSE:02328's Debt-to-Equity is ranked better than
82.98% of 382 companies
in the Insurance industry
Industry Median: 0.25 vs HKSE:02328: 0.04

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

The historical data trend for PICC Property and Casualty Co'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.

PICC Property and Casualty Co Debt-to-Equity Chart

PICC Property and Casualty Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.10

0.13

0.05

0.04

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
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.05	0.04	N/A	0.04

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

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

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

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

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

PICC Property and Casualty Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PICC Property and Casualty Co'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
	=	(0	+	10588.873)	/	253122.31
	=	0.04

PICC Property and Casualty Co'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
	=	(0	+	10588.873)	/	253122.31
	=	0.04

PICC Property and Casualty Co (HKSE:02328) 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.

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

Thank you for viewing the detailed overview of PICC Property and Casualty Co's Debt-to-Equity 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 » Debt-to-Equity

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

No Headlines