New China Life Insurance Co (SHSE:601336) Interest Expense : ¥-60,620 Mil (TTM As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is New China Life Insurance Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. New China Life Insurance Co's interest expense for the three months ended in Mar. 2024 was ¥ -19,835 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-60,620 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. New China Life Insurance Co's Operating Income for the three months ended in Mar. 2024 was ¥ 24,977 Mil. New China Life Insurance Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -19,835 Mil. New China Life Insurance Co's Interest Coverage for the quarter that ended in Mar. 2024 was 1.26. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

New China Life Insurance Co Interest Expense Historical Data

The historical data trend for New China Life Insurance Co's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

New China Life Insurance Co Interest Expense Chart

New China Life Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-75,992.00

-60,558.00

New China Life Insurance Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-19,773.00	-15,778.00	-13,191.00	-11,816.00	-19,835.00

New China Life Insurance Co Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-60,620 Mil.

New China Life Insurance Co (SHSE:601336) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

New China Life Insurance Co's Interest Expense for the three months ended in Mar. 2024 was ¥-19,835 Mil. Its EBIT for the three months ended in Mar. 2024 was ¥24,977 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥21,140 Mil.

New China Life Insurance Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	24977	/	-19835
	=	1.26

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. New China Life Insurance Co Ltd interest coverage is 1.04, which is low.

New China Life Insurance Co (SHSE:601336) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » New China Life Insurance Co Ltd (SHSE:601336) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

NWWCF:USA 01336:Hong Kong NCL:Germany

Address

A12 Jianguomenwai Avenue, New China Insurance Tower, Chaoyang District, Beijing, CHN, 100022

Website

https://www.newchinalife.com

Headquartered in Beijing, New China Life Insurance, or NCI, was founded by SOEs and private firms in 1996. The company is the fourth-largest life insurer in China in terms of total assets. Huijin Investment, the government's investment company owns 31% shares of New China Life. The company was listed on the Hong Kong and Shanghai Stock Exchanges in 2011. New China Life offers comprehensive life insurance products and services to individual customers and institutional customers through nationwide distributional networks and diversified marketing channels, manages and deploys insurance funds through its subsidiaries, including Asset Management Company and Asset Management Company (Hong Kong).

New China Life Insurance Co (SHSE:601336) Headlines

No Headlines