Ping An Insurance (Group) of China (601318.SS) Debt Metrics
Market Cap: $881.80B
Avg Volume: 58.55M
Industry: Insurance - Life
Sector: Financial Services
How much debt does Ping An Insurance (Group) of China have?
According to Ping An Insurance (Group) of China's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Ping An Insurance (Group) of China's total debt stands at $1.40T. This is broken down into:
- Long-term debt: $1.30T
- Short-term debt: $95.66B
The company's net debt, which accounts for cash and cash equivalents, is $445.21B. In terms of overall financial obligations, Ping An Insurance (Group) of China's total liabilities amount to $11.65T.
Debt Ratios and Metrics
To better understand Ping An Insurance (Group) of China's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 1.50 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 10.77% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 0.00 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 58.17% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 60.05% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Ping An Insurance (Group) of China's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$1.40T
Long-term Debt
$1.30T
Short-term Debt
$95.66B
Net Debt
$445.21B
Total Liabilities
$11.65T
Interest Coverage
0.00
Debt to Equity Ratio
1.50
Debt Ratio
10.77%
Ping An Insurance (Group) of China Historical Debt Metrics
Ping An Insurance (Group) of China Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $1.40T | $1.30T | $95.66B | $445.21B | $11.65T | 1.50 | 10.77% | 0.00 | 58.17% | 60.05% |
| 2023 | $1.49T | $1.39T | $93.32B | $690.19B | $10.35T | 1.66 | 12.85% | 1.40 | 60.63% | 62.34% |
| 2022 | $1.48T | $1.36T | $- | $731.48B | $9.96T | 1.72 | 13.27% | 4.59 | 61.07% | 63.25% |
| 2021 | $1.59T | $1.47T | $116.10B | $958.16B | $9.06T | 1.96 | 15.66% | 1.71 | 64.22% | 66.17% |
| 2020 | $1.42T | $1.29T | $134.75B | $826.11B | $8.54T | 1.87 | 14.94% | 3.85 | 62.54% | 65.12% |
| 2019 | $1.18T | $1.07T | $112.28B | $655.11B | $7.37T | 1.76 | 14.41% | 5.26 | 61.08% | 63.76% |
| 2018 | $972.93B | $879.31B | $93.63B | $424.44B | $6.46T | 1.75 | 13.62% | 9.24 | 61.24% | 63.61% |
| 2017 | $809.43B | $719.12B | $90.31B | $180.62B | $5.91T | 1.71 | 12.47% | 2.71 | 60.31% | 63.10% |
| 2016 | $549.71B | $149.09B | $56.90B | $-117.42B | $5.09T | 1.43 | 9.86% | 2.60 | 28.00% | 58.91% |
| 2015 | $375.52B | $104.37B | $- | $-176.17B | $4.35T | 1.12 | 7.88% | 2.27 | 23.80% | 52.91% |
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