China Pacific Insurance (Group) Co (SHSE:601601) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2024)

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What is China Pacific Insurance (Group) 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. China Pacific Insurance (Group) Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.01.

China Pacific Insurance (Group) Co's long-term debt to total assets ratio declined from Dec. 2023 (0.01) to Dec. 2024 (0.01). It may suggest that China Pacific Insurance (Group) Co is progressively becoming less dependent on debt to grow their business.

China Pacific Insurance (Group) Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Pacific Insurance (Group) 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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China Pacific Insurance (Group) Co LT-Debt-to-Total-Asset Chart

China Pacific Insurance (Group) Co Annual Data

Trend

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Dec24

LT-Debt-to-Total-Asset

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0.01

China Pacific Insurance (Group) Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

China Pacific Insurance (Group) Co LT-Debt-to-Total-Asset Calculation

China Pacific Insurance (Group) Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	13008	/	2834907
	=	0.00

China Pacific Insurance (Group) Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	13008	/	2834907
	=	0.00

China Pacific Insurance (Group) Co (SHSE:601601) 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.

China Pacific Insurance (Group) Co LT-Debt-to-Total-Asset Related Terms

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China Pacific Insurance (Group) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » China Pacific Insurance (Group) Co Ltd (SHSE:601601) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CHPXF:USA 02601:Hong Kong 75C:Germany 75C:Germany

Address

1 South Zhongshan Road, Huangpu, Shanghai, CHN, 200010

Website

https://www.cpic.com.cn

China Pacific Insurance was established in 1988, with headquarter in Beijing. The company is China's third-largest life insurer and third-largest general property and casualty insurer. The company strives for an integrated financial services platform that consists of insurance, banking, and asset management. CPIC's major shareholders are state-owned companies related to the Shanghai government.

Executives

Ma Xin	senior management
Fu Fan	Directors, senior managers
Yu Bin	senior management
Kong Qing Wei	Directors, senior managers
Zhao Yong Gang	senior management
Pan Yan Hong	senior management
He Qing	Directors, senior managers
Song Jun Xiang	Supervisors
Li Jie Qing	senior management
Xu Jing Hui	senior management
Gao Guo Fu	Director
Sun Pei Jian	senior management
Fang Lin	senior management
Gu Yue	senior management
Chen Wei	senior management

China Pacific Insurance (Group) Co Headlines

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