Sun Life Financial Balance Sheet Health
Financial Health criteria checks 4/6
Sun Life Financial has a total shareholder equity of CA$23.8B and total debt of CA$6.4B, which brings its debt-to-equity ratio to 26.8%. Its total assets and total liabilities are CA$313.8B and CA$290.1B respectively. Sun Life Financial's EBIT is CA$5.0B making its interest coverage ratio 8.9. It has cash and short-term investments of CA$79.9B.
Debt to equity ratio
|Interest coverage ratio||8.9x|
Recent financial health updates
Sun Life Financial: Neutral Rating Maintained, A 5% Dividend Yield Quick PickNov 01
A Sizzling 4% Dividend Yield At Sun Life, But Valuation OverheatedJul 24
Sun Life Financial: Growth Consistent With My Original ThesisFeb 24
Sun Life Financial declares CAD 0.72 dividendFeb 08
Sun Life unit to be exclusive insurance provider for Dah Sing Bank customers in Hong KongJan 20
Sun Life Financial to redeem $400M of subordinated debenturesSep 26
Sun Life Financial to pick up majority stake in Advisors Asset Management for $214MSep 01
Sun Life Financial: A No-Brainer BuyAug 21
Sun Life Financial declares CAD 0.69 dividendAug 03
Sun Life Financial: This High-Dividend Insurer Can Thrive In A High-Rate EnvironmentApr 28
Sun Life: A Top Dividend Pick For 2022Jan 24
Sun Life Financial: Expanding The U.S. Platform With Dentaquest AcquisitionOct 18
Sun Life Financial declares CAD 0.55 dividendMay 05
Financial Position Analysis
Short Term Liabilities: SLF's short term assets (CA$87.8B) exceed its short term liabilities (CA$1.5B).
Long Term Liabilities: SLF's short term assets (CA$87.8B) do not cover its long term liabilities (CA$288.5B).
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 19.2% to 26.8% over the past 5 years.
Debt Coverage: SLF's debt is well covered by operating cash flow (49%).
Interest Coverage: SLF's interest payments on its debt are well covered by EBIT (8.9x coverage).