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.

Key information


Debt to equity ratio



Interest coverage ratio8.9x
Total liabilitiesCA$290.08b
Total assetsCA$313.85b

Recent financial health updates

No updates

Recent updates

Sun Life Financial: Neutral Rating Maintained, A 5% Dividend Yield Quick Pick

Nov 01

A Sizzling 4% Dividend Yield At Sun Life, But Valuation Overheated

Jul 24

Sun Life Financial: Growth Consistent With My Original Thesis

Feb 24

Sun Life Financial declares CAD 0.72 dividend

Feb 08

Sun Life unit to be exclusive insurance provider for Dah Sing Bank customers in Hong Kong

Jan 20

Sun Life Financial to redeem $400M of subordinated debentures

Sep 26

Sun Life Financial to pick up majority stake in Advisors Asset Management for $214M

Sep 01

Sun Life Financial: A No-Brainer Buy

Aug 21

Sun Life Financial declares CAD 0.69 dividend

Aug 03

Sun Life Financial: This High-Dividend Insurer Can Thrive In A High-Rate Environment

Apr 28

Sun Life: A Top Dividend Pick For 2022

Jan 24

Sun Life Financial: Expanding The U.S. Platform With Dentaquest Acquisition

Oct 18

Sun Life Financial declares CAD 0.55 dividend

May 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).

Balance Sheet

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