CILJF (China Life Insurance Co) Cash-to-Debt : 1.56 (As of Sep. 2024)

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What is China Life Insurance Co Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. China Life Insurance Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 1.56.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, China Life Insurance Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for China Life Insurance Co's Cash-to-Debt or its related term are showing as below:

CILJF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.67 Med: 1.47 Max: 18.25
Current: 1.56

During the past 13 years, China Life Insurance Co's highest Cash to Debt Ratio was 18.25. The lowest was 0.67. And the median was 1.47.

CILJF's Cash-to-Debt is ranked worse than
53.11% of 482 companies
in the Insurance industry
Industry Median: 1.735 vs CILJF: 1.56

China Life Insurance Co Cash-to-Debt Historical Data

The historical data trend for China Life Insurance Co's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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China Life Insurance Co Cash-to-Debt Chart

China Life Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.95

1.01

1.08

2.61

3.05

China Life Insurance Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															3.24	3.05	18.25	6.47	1.56

Competitive Comparison of China Life Insurance Co's Cash-to-Debt

For the Insurance - Life subindustry, China Life Insurance Co's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

China Life Insurance Co's Cash-to-Debt Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, China Life Insurance Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Life Insurance Co's Cash-to-Debt falls into.

China Life Insurance Co Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

China Life Insurance Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	20947.032	/	(0	+	6858.771)
	=	3.05

China Life Insurance Co's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	10808.225	/	(1.979	+	6913.51)
	=	1.56

China Life Insurance Co (OTCPK:CILJF) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

China Life Insurance Co Cash-to-Debt Related Terms

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China Life Insurance Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » China Life Insurance Co Ltd (OTCPK:CILJF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

02628:Hong Kong CHL:Germany 601628:China

Address

No. 16, Financial Street, Xicheng District, Beijing, CHN, 100033

Website

https://www.e-chinalife.com

With headquarters in Beijing, China Life Insurance is the largest life insurance company in China, commanding about 18% market share by end-2023. The firm offers group and individual life insurance through exclusive agents, bancassurance, and other marketing platforms. While the bulk of profits stem from life insurance policies, additional operations include short-term policies such as accident and health insurance. The company is focusing on building a senior-care ecosystem and reforming a new agent team for long-term growth.