Sun Life Financial Balance Sheet Health
Financial Health criteria checks 4/6
Sun Life Financial has a total shareholder equity of CA$24.2B and total debt of CA$18.0B, which brings its debt-to-equity ratio to 74.4%. Its total assets and total liabilities are CA$333.2B and CA$309.0B respectively. Sun Life Financial's EBIT is CA$4.2B making its interest coverage ratio 7.5. It has cash and short-term investments of CA$81.8B.
Key information
74.4%
Debt to equity ratio
CA$18.00b
Debt
| Interest coverage ratio | 7.5x |
| Cash | CA$81.84b |
| Equity | CA$24.20b |
| Total liabilities | CA$309.04b |
| Total assets | CA$333.24b |
Recent financial health updates
No updates
Recent updates
Sun Life Financial: A Safe, Long-Term Dividend Grower
Apr 21Sun Life Has Approached Its Fair Value, Still A Solid Income Pick
Jan 17Sun Life Financial: Neutral Rating Maintained, A 5% Dividend Yield Quick Pick
Nov 01A Sizzling 4% Dividend Yield At Sun Life, But Valuation Overheated
Jul 24Sun Life Financial: Growth Consistent With My Original Thesis
Feb 24Sun Life Financial declares CAD 0.72 dividend
Feb 08Sun Life unit to be exclusive insurance provider for Dah Sing Bank customers in Hong Kong
Jan 20Sun Life Financial to redeem $400M of subordinated debentures
Sep 26Sun Life Financial to pick up majority stake in Advisors Asset Management for $214M
Sep 01Sun Life Financial: A No-Brainer Buy
Aug 21Sun Life Financial declares CAD 0.69 dividend
Aug 03Sun Life Financial: This High-Dividend Insurer Can Thrive In A High-Rate Environment
Apr 28Sun Life: A Top Dividend Pick For 2022
Jan 24Sun Life Financial: Expanding The U.S. Platform With Dentaquest Acquisition
Oct 18Financial Position Analysis
Short Term Liabilities: SLF's short term assets (CA$94.3B) exceed its short term liabilities (CA$13.8B).
Long Term Liabilities: SLF's short term assets (CA$94.3B) do not cover its long term liabilities (CA$295.2B).
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 42.4% to 74.4% over the past 5 years.
Debt Coverage: SLF's debt is well covered by operating cash flow (31.2%).
Interest Coverage: SLF's interest payments on its debt are well covered by EBIT (7.5x coverage).