New China Life Insurance Company Ltd (NCL) — Defensive Interval Ratio

Latest as of June 2023: 15 days

New China Life Insurance Company Ltd (NCL) has a Defensive Interval Ratio of 15 days as of June 2023. Defensive assets of €2.47 Billion (cash €-, short-term investments €-, receivables €2.47 Billion) cover 15 days of daily cash needs of €167.62 Million/day.

Defensive Interval Ratio

15 days
Days of operational coverage

Defensive Assets

€2.47 Billion
Cash + ST Investments + Receivables

Daily Cash Need

€167.62 Million
Current Liabilities ÷ 365

Current Liabilities

€61.18 Billion
EUR

New China Life Insurance Company Ltd Defensive Interval Ratio (2013–2022)

This chart shows how New China Life Insurance Company Ltd's Defensive Interval Ratio has evolved across 10 annual periods from 2013 to 2022. As of June 2023, the ratio stands at 15 days, meaning defensive assets of €2.47 Billion can fund 15 days of operations without new revenue. For the complete balance sheet picture, see New China Life Insurance Company Ltd total assets.

Annual Defensive Interval Ratio for New China Life Insurance Company Ltd (2013–2022)

The table below presents the year-by-year Defensive Interval Ratio for New China Life Insurance Company Ltd from 2013 to 2022, covering 10 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. See NCL net working capital ratio to evaluate short-term liquidity relative to the company's equity base.

Year DIR (days) Defensive Assets (EUR) Daily Cash Need Cash ST Investments Change (days)
2022 2100 days €382.68 Billion €182.25 Million/day €- €375.65 Billion ▲ +228 days
2021 1872 days €410.27 Billion €219.14 Million/day €- €403.43 Billion ▼ -394 days
2020 2266 days €432.68 Billion €190.92 Million/day €- €426.70 Billion ▲ +1136 days
2019 1130 days €389.77 Billion €344.82 Million/day €- €387.30 Billion ▼ -374 days
2018 1504 days €303.50 Billion €201.78 Million/day €- €300.95 Billion ▼ -186 days
2017 1690 days €323.00 Billion €191.08 Million/day €- €320.38 Billion ▲ +384 days
2016 1306 days €285.30 Billion €218.47 Million/day €- €283.31 Billion ▲ +974 days
2015 332 days €55.20 Billion €166.40 Million/day €- €52.77 Billion ▲ +135 days
2014 196 days €45.04 Billion €229.27 Million/day €- €42.98 Billion ▲ +163 days
2013 33 days €6.33 Billion €191.79 Million/day €- €4.53 Billion —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)