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
Financial Position Analysis
Short Term Liabilities: SNLI.F's short term assets (CA$94.3B) exceed its short term liabilities (CA$13.8B).
Long Term Liabilities: SNLI.F'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: SNLI.F has more cash than its total debt.
Reducing Debt: SNLI.F's debt to equity ratio has increased from 42.4% to 74.4% over the past 5 years.
Debt Coverage: SNLI.F's debt is well covered by operating cash flow (31.2%).
Interest Coverage: SNLI.F's interest payments on its debt are well covered by EBIT (7.5x coverage).