Sun Life Financial Balance Sheet Health

Financial Health criteria checks 4/6

Sun Life Financial has a total shareholder equity of CA$25.9B and total debt of CA$12.4B, which brings its debt-to-equity ratio to 47.8%. Its total assets and total liabilities are CA$361.3B and CA$335.3B respectively. Sun Life Financial's EBIT is CA$4.8B making its interest coverage ratio 8. It has cash and short-term investments of CA$96.1B.

Key information

47.8%

Debt to equity ratio

CA$12.39b

Debt

Interest coverage ratio8x
CashCA$96.07b
EquityCA$25.93b
Total liabilitiesCA$335.32b
Total assetsCA$361.25b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: SLF's short term assets (CA$104.2B) exceed its short term liabilities (CA$1.9B).

Long Term Liabilities: SLF's short term assets (CA$104.2B) do not cover its long term liabilities (CA$333.5B).


Debt to Equity History and Analysis

Debt Level: SLF has more cash than its total debt.

Reducing Debt: SLF's debt to equity ratio has increased from 19% to 47.8% over the past 5 years.

Debt Coverage: SLF's debt is well covered by operating cash flow (42.9%).

Interest Coverage: SLF's interest payments on its debt are well covered by EBIT (8x coverage).


Balance Sheet


Discover healthy companies