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PICC Property and Casualty Co (HKSE:02328) Debt-to-Asset : 0.01 (As of Dec. 2023)


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

PICC Property and Casualty Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0 Mil. PICC Property and Casualty Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$10,589 Mil. PICC Property and Casualty Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was HK$769,608 Mil. PICC Property and Casualty Co's debt to asset for the quarter that ended in Dec. 2023 was 0.01.


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

The historical data trend for PICC Property and Casualty Co'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.

PICC Property and Casualty Co Debt-to-Asset Chart

PICC Property and Casualty Co 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 0.03 0.04 0.02 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
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 0.02 0.01 - 0.01 -

Competitive Comparison of PICC Property and Casualty Co's Debt-to-Asset

For the Insurance - Property & Casualty subindustry, PICC Property and Casualty Co'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.


PICC Property and Casualty Co's Debt-to-Asset Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, PICC Property and Casualty Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where PICC Property and Casualty Co's Debt-to-Asset falls into.



PICC Property and Casualty Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

PICC Property and Casualty Co'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
=(0 + 10588.873) / 769607.981
=0.01

PICC Property and Casualty Co's Debt-to-Asset for the quarter 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
=(0 + 10588.873) / 769607.981
=0.01

* 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.


PICC Property and Casualty Co  (HKSE:02328) 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.


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

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PICC Property and Casualty Co (HKSE:02328) Business Description

Traded in Other Exchanges
Address
Tower 2, No. 2 Jianguomenwai Avenue, Chaoyang District, Beijing, CHN, 100022
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 (HKSE:02328) Headlines

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