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¥449.9B.
Key information
102.2%
Debt to equity ratio
CN¥96.13b
Debt
| Interest coverage ratio | 1.9x |
| Cash | CN¥449.86b |
| Equity | CN¥94.03b |
| Total liabilities | CN¥1.34t |
| Total assets | CN¥1.43t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1336's short term assets (CN¥463.7B) exceed its short term liabilities (CN¥85.4B).
Long Term Liabilities: 1336's short term assets (CN¥463.7B) 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).