Ping An Insurance (Group) Co. of China (HKSE:02318) Interest Expense : HK$-644,909 Mil (TTM As of Mar. 2024)

View and export this data going back to 2004. Start your Free Trial

What is Ping An Insurance (Group) Co. of China Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ping An Insurance (Group) Co. of China's interest expense for the three months ended in Mar. 2024 was HK$ -168,267 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was HK$-644,909 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. Ping An Insurance (Group) Co. of China's Operating Income for the three months ended in Mar. 2024 was HK$ 225,425 Mil. Ping An Insurance (Group) Co. of China's Interest Expense for the three months ended in Mar. 2024 was HK$ -168,267 Mil. Ping An Insurance (Group) Co. of China's Interest Coverage for the quarter that ended in Mar. 2024 was 1.34. 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.

Ping An Insurance (Group) Co. of China Interest Expense Historical Data

The historical data trend for Ping An Insurance (Group) Co. 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.

Ping An Insurance (Group) Co. of China Interest Expense Chart

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

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-22,364.07

-31,338.10

-34,385.49

-612,631.93

-647,158.34

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
Interest Expense	Get a 7-Day Free Trial															-174,298.11	-158,529.27	-159,706.59	-158,406.53	-168,267.01

Ping An Insurance (Group) Co. 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$-644,909 Mil.

Ping An Insurance (Group) Co. of China (HKSE:02318) 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.

Ping An Insurance (Group) Co. of China's Interest Expense for the three months ended in Mar. 2024 was HK$-168,267 Mil. Its EBIT for the three months ended in Mar. 2024 was HK$225,425 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was HK$1,516,663 Mil.

Ping An Insurance (Group) Co. 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	*	225424.935	/	-168267.011
	=	1.34

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Ping An Insurance (Group) Co. of China Ltd interest coverage is 1.2, which is low.

Ping An Insurance (Group) Co. of China (HKSE:02318) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ping An Insurance (Group) Co. of China Ltd (HKSE:02318) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

PNGAY:USA PIAIF:USA 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.

Ping An Insurance (Group) Co. of China (HKSE:02318) Headlines

No Headlines