New China Life Insurance Co (SHSE:601336) Debt-to-Equity : 0.23 (As of Mar. 2024)

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

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

New China Life Insurance Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil. New China Life Insurance Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥21,140 Mil. New China Life Insurance Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥94,002 Mil. New China Life Insurance Co's debt to equity for the quarter that ended in Mar. 2024 was 0.22.

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 New China Life Insurance Co's Debt-to-Equity or its related term are showing as below:

SHSE:601336' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.11 Max: 0.39
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of New China Life Insurance Co was 0.39. The lowest was 0.01. And the median was 0.11.

SHSE:601336's Debt-to-Equity is ranked better than
51.3% of 384 companies
in the Insurance industry
Industry Median: 0.24 vs SHSE:601336: 0.23

New China Life Insurance Co Debt-to-Equity Historical Data

The historical data trend for New 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.

* Premium members only.

New China Life Insurance Co Debt-to-Equity Chart

New China Life Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.01

0.11

0.10

0.11

0.20

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
Debt-to-Equity	Get a 7-Day Free Trial															0.09	0.10	0.10	0.20	0.23

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

For the Insurance - Life subindustry, New 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.

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

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

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

New China Life Insurance Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

New 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	+	21022)	/	105067
	=	0.20

New China Life Insurance Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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	+	21140)	/	94002
	=	0.22

New China Life Insurance Co (SHSE:601336) 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.

New China Life Insurance Co Debt-to-Equity Related Terms

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

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 » Debt-to-Equity

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