Ping An Insurance (Group) Co. of China (Ping An Insurance (Group) Co. of China) Cash-to-Debt : 0.59 (As of Mar. 2024)

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What is Ping An Insurance (Group) Co. of China 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. Ping An Insurance (Group) Co. of China's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.59.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Ping An Insurance (Group) Co. of China couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

PIAIF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.4 Med: 0.58 Max: 2.99
Current: 0.59

During the past 13 years, Ping An Insurance (Group) Co. of China's highest Cash to Debt Ratio was 2.99. The lowest was 0.40. And the median was 0.58.

PIAIF's Cash-to-Debt is ranked worse than
74.27% of 482 companies
in the Insurance industry
Industry Median: 1.83 vs PIAIF: 0.59

Ping An Insurance (Group) Co. of China Cash-to-Debt Historical Data

The historical data trend for Ping An Insurance (Group) Co. of China'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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Ping An Insurance (Group) Co. of China Cash-to-Debt Chart

Ping An Insurance (Group) Co. of China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.45

0.42

0.40

0.50

0.54

Ping An Insurance (Group) Co. of China Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.59	0.57	0.57	0.54	0.59

Competitive Comparison of Ping An Insurance (Group) Co. of China's Cash-to-Debt

For the Insurance - Life subindustry, Ping An Insurance (Group) Co. of China'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.

Ping An Insurance (Group) Co. of China's Cash-to-Debt Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Ping An Insurance (Group) Co. of China's Cash-to-Debt distribution charts can be found below:

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

Ping An Insurance (Group) Co. of China 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.

Ping An Insurance (Group) Co. of China'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)
	=	111750.231	/	(13069.942	+	195342.848)
	=	0.54

Ping An Insurance (Group) Co. of China's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	121416.927	/	(12989.099	+	193872.249)
	=	0.59

Ping An Insurance (Group) Co. of China (OTCPK:PIAIF) 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.

Ping An Insurance (Group) Co. of China Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Ping An Insurance (Group) Co. of China's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Ping An Insurance (Group) Co. of China (Ping An Insurance (Group) Co. of China) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ping An Insurance (Group) Co. of China Ltd (OTCPK:PIAIF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PNGAY:USA 02318:Hong Kong PZX:Germany 601318:China PZX:Austria

Address

No. 5033 Yitian Road, Ping An Finance Center, 47th, 48th, 109th, 110th, 111th and 112th Floors, Futian District, Guangdong Province, Shenzhen, CHN, 518033

Website

https://www.pingan.cn

Founded in 1988, Ping An Insurance is an integrated financial service provider headquartered in Shenzhen. The company has a focus on the offerings of healthcare services and integrated financial products. Ping An is China's second-largest life and P&C insurer. The company strives for an integrated financial services platform comprising life insurance, P&C insurance, banking, other financial services, and technology. These business segments contributed 65%, 5%, 26%, 2%, and 4% of the company's operating profits, respectively, in 2022.