MIRAE ASSET Life Insurance Balance Sheet Health
Financial Health criteria checks 3/6
MIRAE ASSET Life Insurance has a total shareholder equity of ₩2,409.0B and total debt of ₩299.4B, which brings its debt-to-equity ratio to 12.4%. Its total assets and total liabilities are ₩32,311.0B and ₩29,902.0B respectively. MIRAE ASSET Life Insurance's EBIT is ₩487.9B making its interest coverage ratio 33.4. It has cash and short-term investments of ₩27,534.0B.
Key information
12.4%
Debt to equity ratio
₩299.40b
Debt
| Interest coverage ratio | 33.4x |
| Cash | ₩27.53t |
| Equity | ₩2.41t |
| Total liabilities | ₩29.90t |
| Total assets | ₩32.31t |
Recent financial health updates
No updates
Recent updates
MIRAE ASSET Life Insurance Co., Ltd. (KRX:085620) Looks Inexpensive But Perhaps Not Attractive Enough
Jun 12
Benign Growth For MIRAE ASSET Life Insurance Co., Ltd. (KRX:085620) Underpins Its Share Price
Feb 26Three Things You Should Check Before Buying Mirae Asset Life Insurance Co., Ltd. (KRX:085620) For Its Dividend
Mar 01Is Mirae Asset Life Insurance Co., Ltd. (KRX:085620) Popular Amongst Institutions?
Jan 28Only Three Days Left To Cash In On Mirae Asset Life Insurance's (KRX:085620) Dividend
Dec 24Financial Position Analysis
Short Term Liabilities: A085620's short term assets (₩29,347.3B) exceed its short term liabilities (₩126.5B).
Long Term Liabilities: A085620's short term assets (₩29,347.3B) do not cover its long term liabilities (₩29,775.5B).
Debt to Equity History and Analysis
Debt Level: A085620 has more cash than its total debt.
Reducing Debt: A085620's debt to equity ratio has increased from 8.4% to 12.4% over the past 5 years.
Debt Coverage: A085620's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: A085620's interest payments on its debt are well covered by EBIT (33.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 12:25 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
MIRAE ASSET Life Insurance Co., Ltd. is covered by 9 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Hye-jin Park | Daishin Securities Co. Ltd. |
| Yong Hoon Sung | Hanwha Investment & Securities Co., Ltd. |
| Namsuk Lee | KB Securities Co., Ltd. |