China Life Insurance Balance Sheet Health
Financial Health criteria checks 4/6
China Life Insurance has a total shareholder equity of CN¥462.1B and total debt of CN¥142.4B, which brings its debt-to-equity ratio to 30.8%. Its total assets and total liabilities are CN¥5,128.1B and CN¥4,666.0B respectively. China Life Insurance's EBIT is CN¥41.4B making its interest coverage ratio 2.3. It has cash and short-term investments of CN¥361.4B.
Key information
30.8%
Debt to equity ratio
CN¥142.42b
Debt
| Interest coverage ratio | 2.3x |
| Cash | CN¥361.41b |
| Equity | CN¥462.11b |
| Total liabilities | CN¥4.67t |
| Total assets | CN¥5.13t |
Recent financial health updates
No updates
Recent updates
China Life Insurance reports 1H results
Aug 25China Life Insurance President resigns, new President appointed
Aug 02China Life Insurance: Fundamentals Remain Intact
Jul 15China Life Insurance: Continues To Offer Good Value
Mar 29China Life Insurance: One Year Cash Flow Greater Than Its Value
Dec 16China Life Insurance Company Limited: Risky, But Upside Potentially Significant
Aug 06China Life Insurance: The Former Champion's Anxiety
Jan 12Financial Position Analysis
Short Term Liabilities: LFCH.Y's short term assets (CN¥481.4B) exceed its short term liabilities (CN¥326.9B).
Long Term Liabilities: LFCH.Y's short term assets (CN¥481.4B) do not cover its long term liabilities (CN¥4,339.0B).
Debt to Equity History and Analysis
Debt Level: LFCH.Y has more cash than its total debt.
Reducing Debt: LFCH.Y's debt to equity ratio has reduced from 31% to 30.8% over the past 5 years.
Debt Coverage: LFCH.Y's debt is well covered by operating cash flow (230.9%).
Interest Coverage: LFCH.Y's interest payments on its debt are not well covered by EBIT (2.3x coverage).