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 ratio | 8x |
| Cash | CA$96.07b |
| Equity | CA$25.93b |
| Total liabilities | CA$335.32b |
| Total assets | CA$361.25b |
Recent financial health updates
No 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).