China Reinsurance (Group) Balance Sheet Health
Financial Health criteria checks 3/6
China Reinsurance (Group) has a total shareholder equity of CN¥102.2B and total debt of CN¥74.9B, which brings its debt-to-equity ratio to 73.3%. Its total assets and total liabilities are CN¥459.7B and CN¥357.5B respectively. China Reinsurance (Group)'s EBIT is CN¥6.0B making its interest coverage ratio 2.6. It has cash and short-term investments of CN¥126.5B.
Key information
73.3%
Debt to equity ratio
CN¥74.88b
Debt
Interest coverage ratio | 2.6x |
Cash | CN¥126.48b |
Equity | CN¥102.18b |
Total liabilities | CN¥357.55b |
Total assets | CN¥459.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: C53's short term assets (CN¥170.9B) exceed its short term liabilities (CN¥63.1B).
Long Term Liabilities: C53's short term assets (CN¥170.9B) do not cover its long term liabilities (CN¥294.4B).
Debt to Equity History and Analysis
Debt Level: C53 has more cash than its total debt.
Reducing Debt: C53's debt to equity ratio has increased from 43% to 73.3% over the past 5 years.
Debt Coverage: C53's debt is well covered by operating cash flow (21.8%).
Interest Coverage: C53's interest payments on its debt are not well covered by EBIT (2.6x coverage).