MIRAE ASSET Life Insurance Balance Sheet Health
Financial Health criteria checks 3/6
MIRAE ASSET Life Insurance has a total shareholder equity of ₩2,419.1B and total debt of ₩299.4B, which brings its debt-to-equity ratio to 12.4%. Its total assets and total liabilities are ₩32,269.3B and ₩29,850.2B respectively. MIRAE ASSET Life Insurance's EBIT is ₩300.4B making its interest coverage ratio 18. It has cash and short-term investments of ₩27,299.6B.
Key information
12.4%
Debt to equity ratio
₩299.38b
Debt
| Interest coverage ratio | 18x |
| Cash | ₩27.30t |
| Equity | ₩2.42t |
| Total liabilities | ₩29.85t |
| Total assets | ₩32.27t |
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 (₩29,069.4B) exceed its short term liabilities (₩172.6B).
Long Term Liabilities: A085620's short term assets (₩29,069.4B) do not cover its long term liabilities (₩29,677.6B).
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 8.8% 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 (18x coverage).