New China Life Insurance Balance Sheet Health
Financial Health criteria checks 4/6
New China Life Insurance has a total shareholder equity of CN¥91.1B and total debt of CN¥223.8B, which brings its debt-to-equity ratio to 245.8%. Its total assets and total liabilities are CN¥1,667.0B and CN¥1,576.0B respectively. New China Life Insurance's EBIT is CN¥25.2B making its interest coverage ratio 8.9. It has cash and short-term investments of CN¥542.5B.
Key information
245.8%
Debt to equity ratio
CN¥223.83b
Debt
| Interest coverage ratio | 8.9x |
| Cash | CN¥542.52b |
| Equity | CN¥91.07b |
| Total liabilities | CN¥1.58t |
| Total assets | CN¥1.67t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601336's short term assets (CN¥561.9B) exceed its short term liabilities (CN¥205.8B).
Long Term Liabilities: 601336's short term assets (CN¥561.9B) do not cover its long term liabilities (CN¥1,370.2B).
Debt to Equity History and Analysis
Debt Level: 601336 has more cash than its total debt.
Reducing Debt: 601336's debt to equity ratio has increased from 48.1% to 245.8% over the past 5 years.
Debt Coverage: 601336's debt is well covered by operating cash flow (45%).
Interest Coverage: 601336's interest payments on its debt are well covered by EBIT (8.9x coverage).