MIRAE ASSET Life Insurance Balance Sheet Health
Financial Health criteria checks 4/6
MIRAE ASSET Life Insurance has a total shareholder equity of ₩2,629.6B and total debt of ₩299.3B, which brings its debt-to-equity ratio to 11.4%. Its total assets and total liabilities are ₩32,398.4B and ₩29,768.8B respectively. MIRAE ASSET Life Insurance's EBIT is ₩371.3B making its interest coverage ratio 19.8. It has cash and short-term investments of ₩27,228.4B.
Key information
11.4%
Debt to equity ratio
₩299.35b
Debt
Interest coverage ratio | 19.8x |
Cash | ₩27.23t |
Equity | ₩2.63t |
Total liabilities | ₩29.77t |
Total assets | ₩32.40t |
Recent financial health updates
No updates
Recent updates
MIRAE ASSET Life Insurance Co., Ltd. (KRX:085620) Looks Inexpensive But Perhaps Not Attractive Enough
Jun 12Benign 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 (₩29,103.5B) exceed its short term liabilities (₩155.2B).
Long Term Liabilities: A085620's short term assets (₩29,103.5B) do not cover its long term liabilities (₩29,613.6B).
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 9.3% to 11.4% over the past 5 years.
Debt Coverage: A085620's debt is well covered by operating cash flow (31.2%).
Interest Coverage: A085620's interest payments on its debt are well covered by EBIT (19.8x coverage).