New China Life Insurance Company Ltd.

SEHK:1336 Stock Report

Market Cap: HK$86.5b

New China Life Insurance Balance Sheet Health

Financial Health criteria checks 3/6

New China Life Insurance has a total shareholder equity of CN¥94.0B and total debt of CN¥96.1B, which brings its debt-to-equity ratio to 102.2%. Its total assets and total liabilities are CN¥1,429.6B and CN¥1,335.6B respectively. New China Life Insurance's EBIT is CN¥7.2B making its interest coverage ratio 1.9. It has cash and short-term investments of CN¥449.8B.

Key information

102.2%

Debt to equity ratio

CN¥96.13b

Debt

Interest coverage ratio1.9x
CashCN¥449.84b
EquityCN¥94.03b
Total liabilitiesCN¥1.34t
Total assetsCN¥1.43t

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 1336's short term assets (CN¥465.5B) exceed its short term liabilities (CN¥85.4B).

Long Term Liabilities: 1336's short term assets (CN¥465.5B) do not cover its long term liabilities (CN¥1,250.2B).


Debt to Equity History and Analysis

Debt Level: 1336 has more cash than its total debt.

Reducing Debt: 1336's debt to equity ratio has increased from 27.7% to 102.2% over the past 5 years.

Debt Coverage: 1336's debt is well covered by operating cash flow (94.6%).

Interest Coverage: 1336's interest payments on its debt are not well covered by EBIT (1.9x coverage).


Balance Sheet


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