China Taiping Insurance Holdings Co (HKSE:00966) Debt-to-Equity : 1.07 (As of Dec. 2023)

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What is China Taiping Insurance Holdings Co Debt-to-Equity?

China Taiping Insurance Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$45,833 Mil. China Taiping Insurance Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$55,597 Mil. China Taiping Insurance Holdings Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$94,980 Mil. China Taiping Insurance Holdings Co's debt to equity for the quarter that ended in Dec. 2023 was 1.07.

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 China Taiping Insurance Holdings Co's Debt-to-Equity or its related term are showing as below:

HKSE:00966' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.53 Med: 0.82 Max: 1.55
Current: 1.07

During the past 13 years, the highest Debt-to-Equity Ratio of China Taiping Insurance Holdings Co was 1.55. The lowest was 0.53. And the median was 0.82.

HKSE:00966's Debt-to-Equity is ranked worse than
89.61% of 385 companies
in the Insurance industry
Industry Median: 0.25 vs HKSE:00966: 1.07

China Taiping Insurance Holdings Co Debt-to-Equity Historical Data

The historical data trend for China Taiping Insurance Holdings Co'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.

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China Taiping Insurance Holdings Co Debt-to-Equity Chart

China Taiping Insurance Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.82

0.68

1.55

1.07

China Taiping Insurance Holdings Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.55	1.13	1.07	0.96	1.07

Competitive Comparison of China Taiping Insurance Holdings Co's Debt-to-Equity

For the Insurance - Life subindustry, China Taiping Insurance Holdings Co'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.

China Taiping Insurance Holdings Co's Debt-to-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, China Taiping Insurance Holdings Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Taiping Insurance Holdings Co's Debt-to-Equity falls into.

China Taiping Insurance Holdings Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Taiping Insurance Holdings Co'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
	=	(45833.187	+	55597.057)	/	94979.634
	=	1.07

China Taiping Insurance Holdings Co'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
	=	(45833.187	+	55597.057)	/	94979.634
	=	1.07

China Taiping Insurance Holdings Co (HKSE:00966) 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.

China Taiping Insurance Holdings Co Debt-to-Equity Related Terms

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China Taiping Insurance Holdings Co (HKSE:00966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » China Taiping Insurance Holdings Co Ltd (HKSE:00966) » Definitions » Debt-to-Equity

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HIUC:Germany

Address

18 King Wah Road, 25th Floor, North Point, Hong Kong, HKG

Website

https://www.ctih.cntaiping.com

China Taiping Insurance Holdings Co Ltd is a holding company, which through its subsidiaries, sells insurance products and offers a variety of investment management services. The company sells life, property and casualty, reinsurance, and pension insurance products. The firm also operates asset management and real estate management services. The majority of China Taiping Insurance's income is derived from life insurance, with the People's Republic of China contributing the largest portion of company revenue. The Group consists of business segments: the life insurance business, property and casualty insurance business, Pension and group life insurance business, reinsurance business and Others. Majority of revenue is generated from the life insurance business.

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