China Life Insurance Co (China Life Insurance Co) Debt-to-Equity : 0.11 (As of Dec. 2023)

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

China Life Insurance Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. China Life Insurance Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6,859 Mil. China Life Insurance Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $64,439 Mil. China Life Insurance Co's debt to equity for the quarter that ended in Dec. 2023 was 0.11.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

CILJF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.12 Max: 0.25
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of China Life Insurance Co was 0.25. The lowest was 0.06. And the median was 0.12.

CILJF's Debt-to-Equity is ranked better than
68.59% of 382 companies
in the Insurance industry
Industry Median: 0.245 vs CILJF: 0.11

China Life Insurance Co Debt-to-Equity Historical Data

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

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China Life Insurance Co Debt-to-Equity Chart

China Life Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.14

0.13

0.12

0.11

China Life Insurance Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.11	0.11	0.11	0.11	0.11

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

For the Insurance - Life subindustry, China Life Insurance Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Insurance Industry

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

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

China Life Insurance Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	6858.771)	/	64439.371
	=	0.11

China Life Insurance Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	6858.771)	/	64439.371
	=	0.11

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

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

China Life Insurance Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of China Life Insurance Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

China Life Insurance Co (China Life Insurance Co) Business Description

Industry

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

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 and commanding about 20% market share, China Life Insurance is the largest life insurance company in China. 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 undergoing a business transformation toward the sale of long-term protection products and away from short-term and single-premium products.