Ping An Insurance (Group) Co. of China (HKSE:02318) Debt-to-Equity

: 1.66 (As of Dec. 2023)

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Ping An Insurance (Group) Co. of China's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$102,074 Mil. Ping An Insurance (Group) Co. of China's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,525,589 Mil. Ping An Insurance (Group) Co. of China's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$983,319 Mil. Ping An Insurance (Group) Co. of China's debt to equity for the quarter that ended in Dec. 2023 was 1.66.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

HKSE:02318' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.57 Med: 1.71 Max: 1.96
Current: 1.66

During the past 13 years, the highest Debt-to-Equity Ratio of Ping An Insurance (Group) Co. of China was 1.96. The lowest was 0.57. And the median was 1.71.

HKSE:02318's Debt-to-Equity is ranked worse than
93.46% of 382 companies
in the Insurance industry
Industry Median: 0.245 vs HKSE:02318: 1.66

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

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

Debt-to-Equity

1.76

1.87

1.96

1.71

1.66

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
Debt-to-Equity																1.71	1.48	1.54	1.56	1.66

Competitive Comparison

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

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

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

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

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(102073.633	+	1525588.571)	/	983319.25
	=	1.66

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(102073.633	+	1525588.571)	/	983319.25
	=	1.66

Ping An Insurance (Group) Co. of China (HKSE:02318) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

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

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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 » Debt-to-Equity

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

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