Sun Life Financial Balance Sheet Health
Financial Health criteria checks 4/6
Sun Life Financial has a total shareholder equity of CA$26.0B and total debt of CA$11.5B, which brings its debt-to-equity ratio to 44%. Its total assets and total liabilities are CA$373.0B and CA$346.9B respectively. Sun Life Financial's EBIT is CA$5.1B making its interest coverage ratio 8.1. It has cash and short-term investments of CA$99.2B.
Key information
44.02%
Debt to equity ratio
CA$11.46b
Debt
| Interest coverage ratio | 8.1x |
| Cash | CA$99.22b |
| Equity | CA$26.04b |
| Total liabilities | CA$346.92b |
| Total assets | CA$372.96b |
Recent financial health updates
Recent updates
Sun Life Financial: A Drama-Free Growth Story
Feb 154% Dividend Yield Shines At Sun Life, While Growth Looks Bright (Ratings Upgrade)
Nov 11Sun Life Financial: The Asia Expansion Is Better Than I Thought
Aug 13Sun 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 20Financial Position Analysis
Short Term Liabilities: SLF's short term assets (CA$107.8B) exceed its short term liabilities (CA$1.9B).
Long Term Liabilities: SLF's short term assets (CA$107.8B) do not cover its long term liabilities (CA$345.1B).
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 16.4% to 44% over the past 5 years.
Debt Coverage: SLF's debt is well covered by operating cash flow (40.5%).
Interest Coverage: SLF's interest payments on its debt are well covered by EBIT (8.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/21 23:51 |
| End of Day Share Price | 2025/05/21 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
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.
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 Github.
Analyst Sources
Sun Life Financial Inc. is covered by 31 analysts. 9 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 |
|---|---|
| John Eade | Argus Research Company |
| Jacob Kilstein | Argus Research Company |
| Ishan Majumdar | Baptista Research |