Ping An Insurance (Group) Co. of China (Ping An Insurance (Group) Co. of China) Equity-to-Asset

: 0.08 (As of Dec. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Ping An Insurance (Group) Co. of China's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $125,908 Mil. Ping An Insurance (Group) Co. of China's Total Assets for the quarter that ended in Dec. 2023 was $1,622,282 Mil. Therefore, Ping An Insurance (Group) Co. of China's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.08.

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

PIAIF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.07 Med: 0.08 Max: 0.08
Current: 0.08

During the past 13 years, the highest Equity to Asset Ratio of Ping An Insurance (Group) Co. of China was 0.08. The lowest was 0.07. And the median was 0.08.

PIAIF's Equity-to-Asset is ranked worse than
79.96% of 494 companies
in the Insurance industry
Industry Median: 0.24 vs PIAIF: 0.08

Ping An Insurance (Group) Co. of China Equity-to-Asset Historical Data

The historical data trend for Ping An Insurance (Group) Co. of China's Equity-to-Asset 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.

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

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.08

Ping An Insurance (Group) Co. of China Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset																0.08	0.08	0.08	0.08	0.08

Competitive Comparison

For the Insurance - Life subindustry, Ping An Insurance (Group) Co. of China's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset Distribution

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

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

Ping An Insurance (Group) Co. of China Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

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

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	125908.378	/	1622281.869
	=	0.08

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

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	125908.378	/	1622281.869
	=	0.08

Ping An Insurance (Group) Co. of China (OTCPK:PIAIF) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Ping An Insurance (Group) Co. of China Equity-to-Asset Related Terms

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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 » Equity-to-Asset

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.