The People's Insurance Co (Group) of China (HKSE:01339) Interest Expense : HK$-4,239 Mil (TTM As of Mar. 2024)

View and export this data going back to 2012. Start your Free Trial

What is The People's Insurance Co (Group) of China Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The People's Insurance Co (Group) of China's interest expense for the three months ended in Mar. 2024 was HK$ -907 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was HK$-4,239 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. The People's Insurance Co (Group) of China's Operating Income for the three months ended in Mar. 2024 was HK$ 15,951 Mil. The People's Insurance Co (Group) of China's Interest Expense for the three months ended in Mar. 2024 was HK$ -907 Mil. The People's Insurance Co (Group) of China's Interest Coverage for the quarter that ended in Mar. 2024 was 17.59. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

The People's Insurance Co (Group) of China Interest Expense Historical Data

The historical data trend for The People's Insurance Co (Group) of China's Interest Expense 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 Interest Expense Chart

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

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-6,461.74

-6,743.93

-6,794.57

-7,278.75

-3,785.57

The People's Insurance Co (Group) of China Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-454.46	-1,231.60	-871.04	-1,229.41	-907.06

The People's Insurance Co (Group) of China Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-4,239 Mil.

The People's Insurance Co (Group) of China (HKSE:01339) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

The People's Insurance Co (Group) of China's Interest Expense for the three months ended in Mar. 2024 was HK$-907 Mil. Its EBIT for the three months ended in Mar. 2024 was HK$15,951 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was HK$43,715 Mil.

The People's Insurance Co (Group) of China's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	15951.251	/	-907.062
	=	17.59

The higher the ratio, the stronger the company's financial strength is.

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 » Interest Expense

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.

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

No Headlines