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The People's Insurance Co (Group) of China (FRA:PIR) Debt-to-Asset : 0.02 (As of Jun. 2024)


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What is The People's Insurance Co (Group) of China Debt-to-Asset?

The People's Insurance Co (Group) of China's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €0 Mil. The People's Insurance Co (Group) of China's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €5,081 Mil. The People's Insurance Co (Group) of China's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was €211,379 Mil. The People's Insurance Co (Group) of China's debt to asset for the quarter that ended in Jun. 2024 was 0.02.


The People's Insurance Co (Group) of China Debt-to-Asset Historical Data

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

* Premium members only.

The People's Insurance Co (Group) of China Debt-to-Asset Chart

The People's Insurance Co (Group) of China Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 0.05 0.04 0.03 0.03

The People's Insurance Co (Group) of China Quarterly Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.03 0.03 0.02 -

Competitive Comparison of The People's Insurance Co (Group) of China's Debt-to-Asset

For the Insurance - Property & Casualty subindustry, The People's Insurance Co (Group) of China's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.


The People's Insurance Co (Group) of China's Debt-to-Asset Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, The People's Insurance Co (Group) of China's Debt-to-Asset distribution charts can be found below:

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



The People's Insurance Co (Group) of China Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

The People's Insurance Co (Group) of China's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(101.586 + 5069.173) / 199982.466
=0.03

The People's Insurance Co (Group) of China's Debt-to-Asset for the quarter that ended in Jun. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(0 + 5081.475) / 211378.713
=0.02

* 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.


The People's Insurance Co (Group) of China  (FRA:PIR) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.


The People's Insurance Co (Group) of China Debt-to-Asset Related Terms

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The People's Insurance Co (Group) of China Business Description

Address
No. 88, West Chang’an Avenue, 1st-13th Floor, Xi Cheng District, Beijing, CHN, 100031
With headquarters in Beijing, PICC Group is the largest state-owned insurance group, holding a 69% stake in PICC P&C, an 80% stake in PICC Life, and a 69% stake in PICC Health Insurance. Its P&C subsidiary is the largest nonlife insurer with about one third of market share in China. Life and health insurance subsidiaries hold about 2.9% and 1.3% share, respectively. The Ministry of Finance is the largest shareholder, with 61% share. China's Social Security Fund is the group's second-largest shareholder holding nearly 13% share.

The People's Insurance Co (Group) of China Headlines

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