ZhongAn Online P&C Insurance Co (HKSE:06060) Debt-to-Equity : 0.36 (As of Dec. 2023)

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

ZhongAn Online P&C Insurance Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0 Mil. ZhongAn Online P&C Insurance Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$7,861 Mil. ZhongAn Online P&C Insurance Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$21,956 Mil. ZhongAn Online P&C Insurance Co's debt to equity for the quarter that ended in Dec. 2023 was 0.36.

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 ZhongAn Online P&C Insurance Co's Debt-to-Equity or its related term are showing as below:

HKSE:06060' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.38 Max: 0.46
Current: 0.36

During the past 10 years, the highest Debt-to-Equity Ratio of ZhongAn Online P&C Insurance Co was 0.46. The lowest was 0.00. And the median was 0.38.

HKSE:06060's Debt-to-Equity is ranked worse than
63.8% of 384 companies
in the Insurance industry
Industry Median: 0.24 vs HKSE:06060: 0.36

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

The historical data trend for ZhongAn Online P&C Insurance 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.

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

ZhongAn Online P&C Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.43

0.40

0.46

0.36

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
Debt-to-Equity	Get a 7-Day Free Trial													0.40	0.45	0.46	0.46	0.36

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

For the Insurance - Property & Casualty subindustry, ZhongAn Online P&C Insurance 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.

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

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

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

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

Debt to Equity measures the financial leverage a company has.

ZhongAn Online P&C Insurance 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	+	7860.61)	/	21955.886
	=	0.36

ZhongAn Online P&C Insurance 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	+	7860.61)	/	21955.886
	=	0.36

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

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

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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 » Debt-to-Equity

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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