China Life Insurance Balance Sheet Health
Financial Health criteria checks 5/6
China Life Insurance has a total shareholder equity of CN¥577.6B and total debt of CN¥169.6B, which brings its debt-to-equity ratio to 29.4%. Its total assets and total liabilities are CN¥6,481.6B and CN¥5,903.9B respectively. China Life Insurance's EBIT is CN¥89.3B making its interest coverage ratio 4.4. It has cash and short-term investments of CN¥2,029.6B.
Key information
29.4%
Debt to equity ratio
CN¥169.63b
Debt
| Interest coverage ratio | 4.4x |
| Cash | CN¥2.03t |
| Equity | CN¥577.62b |
| Total liabilities | CN¥5.90t |
| Total assets | CN¥6.48t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CILJ.F's short term assets (CN¥2,056.6B) exceed its short term liabilities (CN¥169.8B).
Long Term Liabilities: CILJ.F's short term assets (CN¥2,056.6B) do not cover its long term liabilities (CN¥5,734.1B).
Debt to Equity History and Analysis
Debt Level: CILJ.F has more cash than its total debt.
Reducing Debt: CILJ.F's debt to equity ratio has reduced from 45.9% to 29.4% over the past 5 years.
Debt Coverage: CILJ.F's debt is well covered by operating cash flow (241.6%).
Interest Coverage: CILJ.F's interest payments on its debt are well covered by EBIT (4.4x coverage).