Tong Yang Life Insurance Balance Sheet Health
Financial Health criteria checks 4/6
Tong Yang Life Insurance has a total shareholder equity of ₩2,904.0B and total debt of ₩200.0B, which brings its debt-to-equity ratio to 6.9%. Its total assets and total liabilities are ₩32,869.4B and ₩29,965.5B respectively. Tong Yang Life Insurance's EBIT is ₩558.6B making its interest coverage ratio 4.2. It has cash and short-term investments of ₩25,639.7B.
Key information
6.9%
Debt to equity ratio
₩200.00b
Debt
| Interest coverage ratio | 4.2x |
| Cash | ₩25.64t |
| Equity | ₩2.90t |
| Total liabilities | ₩29.97t |
| Total assets | ₩32.87t |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: A082640's short term assets (₩26,265.0B) exceed its short term liabilities (₩84.6B).
Long Term Liabilities: A082640's short term assets (₩26,265.0B) do not cover its long term liabilities (₩29,880.9B).
Debt to Equity History and Analysis
Debt Level: A082640 has more cash than its total debt.
Reducing Debt: A082640's debt to equity ratio has increased from 4.4% to 6.9% over the past 5 years.
Debt Coverage: A082640's debt is well covered by operating cash flow (525.6%).
Interest Coverage: A082640's interest payments on its debt are well covered by EBIT (4.2x coverage).