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
Recent updates
Financial Position Analysis
Short Term Liabilities: LIE's short term assets (CA$104.2B) exceed its short term liabilities (CA$1.9B).
Long Term Liabilities: LIE'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: LIE has more cash than its total debt.
Reducing Debt: LIE's debt to equity ratio has increased from 19% to 47.8% over the past 5 years.
Debt Coverage: LIE's debt is well covered by operating cash flow (42.9%).
Interest Coverage: LIE's interest payments on its debt are well covered by EBIT (8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 04:20 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Sun Life Financial Inc. is covered by 31 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jacob Kilstein | Argus Research Company |
| John Eade | Argus Research Company |
| Ishan Majumdar | Baptista Research |