China Life Insurance Balance Sheet Health
Financial Health criteria checks 3/6
China Life Insurance has a total shareholder equity of CN¥470.0B and total debt of CN¥264.4B, which brings its debt-to-equity ratio to 56.3%. Its total assets and total liabilities are CN¥5,888.5B and CN¥5,418.4B respectively. China Life Insurance's EBIT is CN¥29.8B making its interest coverage ratio 1.7. It has cash and short-term investments of CN¥374.5B.
Key information
56.3%
Debt to equity ratio
CN¥264.42b
Debt
| Interest coverage ratio | 1.7x |
| Cash | CN¥374.50b |
| Equity | CN¥470.04b |
| Total liabilities | CN¥5.42t |
| Total assets | CN¥5.89t |
Recent financial health updates
No updates
Recent updates
China Life Insurance Company Limited's (HKG:2628) 5.2% Dividend Yield Looks Pretty Interesting
Feb 21
What Type Of Returns Would China Life Insurance's(HKG:2628) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?
Jan 16Is Weakness In China Life Insurance Company Limited (HKG:2628) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?
Dec 20
Are You An Income Investor? Don't Miss Out On China Life Insurance Company Limited (HKG:2628)
Nov 22Financial Position Analysis
Short Term Liabilities: 2628's short term assets (CN¥513.5B) do not cover its short term liabilities (CN¥613.2B).
Long Term Liabilities: 2628's short term assets (CN¥513.5B) do not cover its long term liabilities (CN¥4,805.3B).
Debt to Equity History and Analysis
Debt Level: 2628 has more cash than its total debt.
Reducing Debt: 2628's debt to equity ratio has reduced from 65.7% to 56.3% over the past 5 years.
Debt Coverage: 2628's debt is well covered by operating cash flow (146.8%).
Interest Coverage: 2628's interest payments on its debt are not well covered by EBIT (1.7x coverage).