PICC Property and Casualty Co (PICC Property and Casualty Co) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is PICC Property and Casualty Co LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. PICC Property and Casualty Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

PICC Property and Casualty Co's long-term debt to total assets ratio increased from Sep. 2022 (0.00) to Dec. 2023 (0.01). It may suggest that PICC Property and Casualty Co is progressively becoming more dependent on debt to grow their business.

PICC Property and Casualty Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for PICC Property and Casualty Co's LT-Debt-to-Total-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.

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PICC Property and Casualty Co LT-Debt-to-Total-Asset Chart

PICC Property and Casualty Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.04

0.02

0.01

PICC Property and Casualty Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	-	0.01	-

PICC Property and Casualty Co LT-Debt-to-Total-Asset Calculation

PICC Property and Casualty Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	1355.844	/	98543.878
	=	0.01

PICC Property and Casualty Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	1355.844	/	98543.878
	=

PICC Property and Casualty Co (OTCPK:PPCCY) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

PICC Property and Casualty Co LT-Debt-to-Total-Asset Related Terms

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PICC Property and Casualty Co (PICC Property and Casualty Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PICC Property and Casualty Co Ltd (OTCPK:PPCCY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PPCCF:USA 02328:Hong Kong PJC:Germany

Address

Tower 2, No. 2 Jianguomenwai Avenue, Chaoyang District, Beijing, CHN, 100022

Website

https://property.picc.com

Headquartered in Beijing, PICC P&C is China's largest nonlife insurer, commanding over 33% market share in the country. It was founded by the People's Bank of China in 1949. The company is a flagship subsidiary of the PICC Group, a state-owned insurance group, which owns 69% of PICC P&C. The company offers a wide range of nonlife insurance products, including auto, commercial property, liability, credit and surety bond, accidents and health, energy and aerospace, and agricultural insurance.

PICC Property and Casualty Co (PICC Property and Casualty Co) Headlines

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