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PICC Property and Casualty Co (HKSE:02328) Debt-to-EBITDA : 0.20 (As of Jun. 2024)


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

Debt-to-EBITDA measures a company's ability to pay off its debt.

PICC Property and Casualty Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$0 Mil. PICC Property and Casualty Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$10,138 Mil. PICC Property and Casualty Co's annualized EBITDA for the quarter that ended in Jun. 2024 was HK$51,717 Mil. PICC Property and Casualty Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 was 0.20.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for PICC Property and Casualty Co's Debt-to-EBITDA or its related term are showing as below:

HKSE:02328' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.25   Med: 0.68   Max: 0.96
Current: 0.3

During the past 13 years, the highest Debt-to-EBITDA Ratio of PICC Property and Casualty Co was 0.96. The lowest was 0.25. And the median was 0.68.

HKSE:02328's Debt-to-EBITDA is ranked better than
76.69% of 296 companies
in the Insurance industry
Industry Median: 1.085 vs HKSE:02328: 0.30

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

The historical data trend for PICC Property and Casualty Co's Debt-to-EBITDA 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-EBITDA Chart

PICC Property and Casualty Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.61 0.84 0.32 0.25 0.29

PICC Property and Casualty Co Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Debt-to-EBITDA 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 0.21 0.40 0.19 0.71 0.20

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

For the Insurance - Property & Casualty subindustry, PICC Property and Casualty Co's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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-EBITDA Distribution in the Insurance Industry

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

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



PICC Property and Casualty Co Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

PICC Property and Casualty Co's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 10588.873) / 36024.702
=0.29

PICC Property and Casualty Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 10137.81) / 51717.148
=0.20

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is two times the quarterly (Jun. 2024) EBITDA data.


PICC Property and Casualty Co  (HKSE:02328) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


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

Thank you for viewing the detailed overview of PICC Property and Casualty Co's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.


PICC Property and Casualty Co Business Description

Traded in Other Exchanges
Address
Tower 2, No. 2 Jianguomenwai Avenue, Chaoyang District, Beijing, CHN, 100022
With headquarters in Beijing, PICC P&C is China's largest nonlife insurer, commanding nearly 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.
Executives
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Jpmorgan Chase & Co. 2502 Approved lending agent
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