China Life Insurance Balance Sheet Health
Financial Health criteria checks 3/6
China Life Insurance has a total shareholder equity of CN¥490.7B and total debt of CN¥179.3B, which brings its debt-to-equity ratio to 36.5%. Its total assets and total liabilities are CN¥6,070.8B and CN¥5,580.1B respectively. China Life Insurance's EBIT is CN¥25.6B making its interest coverage ratio 1.4. It has cash and short-term investments of CN¥2,117.7B.
Key information
36.5%
Debt to equity ratio
CN¥179.30b
Debt
Interest coverage ratio | 1.4x |
Cash | CN¥2.12t |
Equity | CN¥490.75b |
Total liabilities | CN¥5.58t |
Total assets | CN¥6.07t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601628's short term assets (CN¥2,143.6B) exceed its short term liabilities (CN¥196.4B).
Long Term Liabilities: 601628's short term assets (CN¥2,143.6B) do not cover its long term liabilities (CN¥5,383.7B).
Debt to Equity History and Analysis
Debt Level: 601628 has more cash than its total debt.
Reducing Debt: 601628's debt to equity ratio has increased from 26.1% to 36.5% over the past 5 years.
Debt Coverage: 601628's debt is well covered by operating cash flow (220.9%).
Interest Coverage: 601628's interest payments on its debt are not well covered by EBIT (1.4x coverage).