New China Life Insurance Balance Sheet Health
Financial Health criteria checks 4/6
New China Life Insurance has a total shareholder equity of CN¥105.1B and total debt of CN¥133.7B, which brings its debt-to-equity ratio to 127.3%. Its total assets and total liabilities are CN¥1,403.3B and CN¥1,298.2B respectively. New China Life Insurance's EBIT is CN¥8.4B making its interest coverage ratio 4. It has cash and short-term investments of CN¥407.3B.
Key information
127.3%
Debt to equity ratio
CN¥133.74b
Debt
| Interest coverage ratio | 4x |
| Cash | CN¥407.29b |
| Equity | CN¥105.09b |
| Total liabilities | CN¥1.30t |
| Total assets | CN¥1.40t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1336's short term assets (CN¥419.6B) exceed its short term liabilities (CN¥120.2B).
Long Term Liabilities: 1336's short term assets (CN¥419.6B) do not cover its long term liabilities (CN¥1,178.0B).
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 25.9% to 127.3% over the past 5 years.
Debt Coverage: 1336's debt is well covered by operating cash flow (68.5%).
Interest Coverage: 1336's interest payments on its debt are well covered by EBIT (4x coverage).