China Taiping Insurance Holdings Co (China Taiping Insurance Holdings Co) Cash-to-Debt : 0.42 (As of Dec. 2023)

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

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. China Taiping Insurance Holdings Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.42.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, China Taiping Insurance Holdings Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for China Taiping Insurance Holdings Co's Cash-to-Debt or its related term are showing as below:

CINSF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.42 Med: 0.5 Max: 1.58
Current: 0.42

During the past 13 years, China Taiping Insurance Holdings Co's highest Cash to Debt Ratio was 1.58. The lowest was 0.42. And the median was 0.50.

CINSF's Cash-to-Debt is ranked worse than
80.71% of 482 companies
in the Insurance industry
Industry Median: 1.83 vs CINSF: 0.42

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

The historical data trend for China Taiping Insurance Holdings Co's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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China Taiping Insurance Holdings Co Cash-to-Debt Chart

China Taiping Insurance Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.44

0.51

0.42

0.47

0.42

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
Cash-to-Debt	Get a 7-Day Free Trial															0.42	0.53	0.47	0.60	0.42

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

For the Insurance - Life subindustry, China Taiping Insurance Holdings Co's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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 Cash-to-Debt Distribution in the Insurance Industry

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

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

China Taiping Insurance Holdings Co Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

China Taiping Insurance Holdings Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	5448.847	/	(5868.676	+	7118.884)
	=	0.42

China Taiping Insurance Holdings Co's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	5448.847	/	(5868.676	+	7118.884)
	=	0.42

China Taiping Insurance Holdings Co (OTCPK:CINSF) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

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

Thank you for viewing the detailed overview of China Taiping Insurance Holdings Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

China Taiping Insurance Holdings Co (China Taiping Insurance Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » China Taiping Insurance Holdings Co Ltd (OTCPK:CINSF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

00966:Hong Kong 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.

China Taiping Insurance Holdings Co (China Taiping Insurance Holdings Co) Headlines

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