Sun Net Debt vs Total Assets Analysis

SLF Stock

CAD 86.17 0.55 0.64%

Sun Life financial indicator trend analysis is much more than just breaking down Sun Life Financial prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sun Life Financial is a good investment. Please check the relationship between Sun Life Net Debt and its Total Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sun Life Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Debt vs Total Assets

Net Debt vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sun Life Financial Net Debt account and Total Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Sun Life's Net Debt and Total Assets is -0.41. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of Sun Life Financial, assuming nothing else is changed. The correlation between historical values of Sun Life's Net Debt and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Sun Life Financial are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Debt i.e., Sun Life's Net Debt and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.41

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Total Assets

Total assets refers to the total amount of Sun Life assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Sun Life Financial books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Sun Life's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sun Life Financial current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sun Life Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Sun Life's Tax Provision is very stable compared to the past year. As of the 1st of December 2024, Enterprise Value Over EBITDA is likely to grow to 14.53, while Selling General Administrative is likely to drop about 3.3 B.

	2021	2022	2023	2024 (projected)
Total Revenue	35.7B	23.2B	30.9B	25.1B
Interest Expense	327M	445M	552M	332.1M

Total Revenue Interest Expense

Sun Life fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Non Currrent Assets Other	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Non Current Assets Total	Cash And Short Term Investments	Short Term Investments	Total Current Assets	Cash	Good Will	Intangible Assets	Property Plant And Equipment Net	Retained Earnings	Property Plant And Equipment Gross	Other Current Liab	Accounts Payable	Other Current Assets	Short Term Debt	Total Current Liabilities	Net Receivables
Total Assets		0.88	0.95	-0.41	0.15	0.32	0.63	0.11	-0.75	1.0	0.32	0.17	-0.26	0.14	0.8	0.67	0.57	-0.29	0.71	-0.29	-0.46	0.43	0.35	0.41	0.22	0.43
Short Long Term Debt Total	0.88		0.84	-0.01	0.27	0.18	0.58	0.2	-0.55	0.88	0.36	0.22	-0.12	0.1	0.62	0.77	0.66	-0.2	0.63	-0.22	-0.6	0.38	0.46	0.64	0.29	0.64
Total Stockholder Equity	0.95	0.84		-0.38	0.14	0.41	0.69	0.07	-0.72	0.94	0.29	0.1	-0.35	0.26	0.73	0.59	0.55	-0.42	0.69	-0.42	-0.45	0.44	0.35	0.34	0.28	0.5
Net Debt	-0.41	-0.01	-0.38		0.26	-0.35	0.08	0.23	0.66	-0.41	0.12	0.05	0.28	0.02	-0.67	-0.13	-0.03	-0.16	-0.53	-0.18	-0.12	-0.16	0.16	0.2	0.2	0.06
Non Currrent Assets Other	0.15	0.27	0.14	0.26		-0.58	0.29	0.86	0.26	0.15	0.85	0.85	0.76	0.09	0.28	0.59	0.78	0.15	0.3	0.11	-0.76	0.36	0.8	0.72	0.75	0.44
Other Assets	0.32	0.18	0.41	-0.35	-0.58		-0.01	-0.77	-0.33	0.31	-0.65	-0.71	-0.86	0.54	0.12	-0.14	-0.36	-0.29	0.22	-0.24	0.38	0.04	-0.53	-0.41	-0.17	0.18
Common Stock Shares Outstanding	0.63	0.58	0.69	0.08	0.29	-0.01		0.38	-0.37	0.63	0.5	0.2	-0.11	0.23	0.22	0.24	0.37	-0.78	0.06	-0.81	-0.37	0.35	0.49	0.2	0.38	0.11
Non Current Liabilities Total	0.11	0.2	0.07	0.23	0.86	-0.77	0.38		0.12	0.12	0.97	0.95	0.86	-0.03	0.21	0.51	0.75	0.1	0.15	0.04	-0.7	0.27	0.91	0.63	0.71	0.16
Other Stockholder Equity	-0.75	-0.55	-0.72	0.66	0.26	-0.33	-0.37	0.12		-0.75	-0.06	0.04	0.4	0.15	-0.67	-0.31	-0.27	0.19	-0.54	0.18	0.12	-0.19	-0.1	-0.03	0.19	-0.11
Total Liab	1.0	0.88	0.94	-0.41	0.15	0.31	0.63	0.12	-0.75		0.32	0.18	-0.25	0.13	0.8	0.67	0.57	-0.28	0.7	-0.29	-0.46	0.43	0.35	0.41	0.21	0.42
Non Current Assets Total	0.32	0.36	0.29	0.12	0.85	-0.65	0.5	0.97	-0.06	0.32		0.94	0.75	0.01	0.37	0.59	0.84	0.0	0.3	-0.05	-0.76	0.34	0.95	0.66	0.72	0.24
Cash And Short Term Investments	0.17	0.22	0.1	0.05	0.85	-0.71	0.2	0.95	0.04	0.18	0.94		0.88	-0.06	0.41	0.63	0.82	0.31	0.36	0.27	-0.74	0.28	0.89	0.7	0.68	0.25
Short Term Investments	-0.26	-0.12	-0.35	0.28	0.76	-0.86	-0.11	0.86	0.4	-0.25	0.75	0.88		-0.18	0.03	0.35	0.53	0.5	0.03	0.45	-0.47	0.0	0.69	0.53	0.5	0.03
Total Current Assets	0.14	0.1	0.26	0.02	0.09	0.54	0.23	-0.03	0.15	0.13	0.01	-0.06	-0.18		-0.03	0.06	-0.02	-0.28	0.06	-0.29	0.01	0.21	0.13	-0.11	0.64	0.26
Cash	0.8	0.62	0.73	-0.67	0.28	0.12	0.22	0.21	-0.67	0.8	0.37	0.41	0.03	-0.03		0.77	0.68	0.21	0.91	0.21	-0.54	0.46	0.38	0.52	0.22	0.48
Good Will	0.67	0.77	0.59	-0.13	0.59	-0.14	0.24	0.51	-0.31	0.67	0.59	0.63	0.35	0.06	0.77		0.88	0.31	0.81	0.29	-0.83	0.48	0.67	0.9	0.54	0.76
Intangible Assets	0.57	0.66	0.55	-0.03	0.78	-0.36	0.37	0.75	-0.27	0.57	0.84	0.82	0.53	-0.02	0.68	0.88		0.16	0.71	0.13	-0.91	0.46	0.86	0.87	0.64	0.64
Property Plant And Equipment Net	-0.29	-0.2	-0.42	-0.16	0.15	-0.29	-0.78	0.1	0.19	-0.28	0.0	0.31	0.5	-0.28	0.21	0.31	0.16		0.32	1.0	-0.08	-0.15	0.04	0.3	-0.05	0.18
Retained Earnings	0.71	0.63	0.69	-0.53	0.3	0.22	0.06	0.15	-0.54	0.7	0.3	0.36	0.03	0.06	0.91	0.81	0.71	0.32		0.34	-0.55	0.36	0.37	0.58	0.28	0.68
Property Plant And Equipment Gross	-0.29	-0.22	-0.42	-0.18	0.11	-0.24	-0.81	0.04	0.18	-0.29	-0.05	0.27	0.45	-0.29	0.21	0.29	0.13	1.0	0.34		-0.05	-0.17	-0.01	0.27	-0.08	0.18
Other Current Liab	-0.46	-0.6	-0.45	-0.12	-0.76	0.38	-0.37	-0.7	0.12	-0.46	-0.76	-0.74	-0.47	0.01	-0.54	-0.83	-0.91	-0.08	-0.55	-0.05		-0.71	-0.76	-0.92	-0.66	-0.69
Accounts Payable	0.43	0.38	0.44	-0.16	0.36	0.04	0.35	0.27	-0.19	0.43	0.34	0.28	0.0	0.21	0.46	0.48	0.46	-0.15	0.36	-0.17	-0.71		0.3	0.47	0.48	0.5
Other Current Assets	0.35	0.46	0.35	0.16	0.8	-0.53	0.49	0.91	-0.1	0.35	0.95	0.89	0.69	0.13	0.38	0.67	0.86	0.04	0.37	-0.01	-0.76	0.3		0.69	0.77	0.41
Short Term Debt	0.41	0.64	0.34	0.2	0.72	-0.41	0.2	0.63	-0.03	0.41	0.66	0.7	0.53	-0.11	0.52	0.9	0.87	0.3	0.58	0.27	-0.92	0.47	0.69		0.54	0.72
Total Current Liabilities	0.22	0.29	0.28	0.2	0.75	-0.17	0.38	0.71	0.19	0.21	0.72	0.68	0.5	0.64	0.22	0.54	0.64	-0.05	0.28	-0.08	-0.66	0.48	0.77	0.54		0.48
Net Receivables	0.43	0.64	0.5	0.06	0.44	0.18	0.11	0.16	-0.11	0.42	0.24	0.25	0.03	0.26	0.48	0.76	0.64	0.18	0.68	0.18	-0.69	0.5	0.41	0.72	0.48

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Sun Life Account Relationship Matchups

Sun Life fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	297.2B	323.0B	345.4B	330.9B	333.2B	220.3B
Short Long Term Debt Total	9.0B	9.0B	11.9B	15.2B	13.3B	6.8B
Total Stockholder Equity	23.4B	24.5B	26.3B	27.5B	23.6B	19.6B
Net Debt	(5.5B)	(6.6B)	(2.1B)	2.2B	2.1B	2.2B
Non Currrent Assets Other	(95.7B)	(105.7B)	4.5B	1.8B	145.3B	152.6B
Other Assets	190.0B	202.0B	217.3B	216.3B	(4.4B)	(4.2B)
Common Stock Shares Outstanding	611M	587.8M	589M	590M	677.4M	622.1M
Liabilities And Stockholders Equity	297.2B	323.0B	345.4B	330.9B	333.2B	220.2B
Non Current Liabilities Total	4.0B	6.5B	2.4B	5.0B	309.0B	324.5B
Other Stockholder Equity	(7.4B)	(7.7B)	(3.2B)	(2.9B)	94M	89.3M
Total Liab	272.7B	297.1B	317.3B	301.5B	309.0B	200.1B
Non Current Assets Total	95.7B	105.7B	113.5B	99.7B	307.7B	323.1B
Cash And Short Term Investments	9.6B	13.5B	12.3B	11.2B	27.5B	28.9B
Short Term Investments	2.9B	2.9B	4.5B	1.8B	16.3B	17.1B
Total Current Assets	11.5B	15.3B	14.5B	14.9B	29.9B	22.2B
Cash	9.6B	13.5B	12.3B	11.2B	11.2B	7.8B
Good Will	5.8B	6.1B	6.5B	8.7B	9.0B	6.2B
Intangible Assets	2.1B	2.5B	3.4B	4.7B	5.2B	5.4B
Property Plant And Equipment Net	1.4B	1.4B	1.3B	1.4B	1.5B	1.1B
Retained Earnings	12.8B	13.9B	15.7B	16.8B	12.2B	11.6B
Accumulated Other Comprehensive Income	1.5B	1.6B	986M	651M	765M	803.3M
Other Current Liab	(1.9B)	(2.8B)	(2.4B)	(5.0B)	(4.8B)	(4.6B)
Accounts Payable	1.9B	2.4B	1.9B	2.6B	2.5B	2.3B
Other Current Assets	5.5B	5.7B	5.4B	7.5B	19.7B	20.7B
Short Term Debt	30M	344M	574M	2.3B	2.3B	1.3B
Total Current Liabilities	1.9B	2.8B	2.4B	5.0B	9.3B	9.7B
Net Receivables	2.0B	1.8B	2.3B	3.7B	2.4B	2.3B
Common Stock	10.6B	10.6B	10.6B	10.6B	8.3B	10.1B
Other Liab	256.2B	279.6B	296.2B	275.2B	316.5B	259.4B
Net Tangible Assets	14.3B	15.0B	15.9B	13.6B	15.7B	14.9B
Long Term Debt	8.0B	5.3B	8.8B	11.9B	10.0B	8.9B
Long Term Investments	89.3B	98.6B	102.3B	84.9B	95.0B	75.5B
Short Long Term Debt	30M	344M	574M	2.3B	2.3B	1.9B
Property Plant Equipment	1.4B	1.4B	1.3B	1.4B	1.6B	1.0B
Long Term Debt Total	8.9B	8.7B	11.3B	12.9B	14.8B	9.8B
Inventory	(17.0B)	(20.4B)	(19.6B)	(16.9B)	(19.7B)	(20.7B)

Pair Trading with Sun Life

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sun Life position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sun Life will appreciate offsetting losses from the drop in the long position's value.

Moving together with Sun Stock

0.62

WINS

Winshear Gold Corp

Pair Corr

Moving against Sun Stock

0.71	NRR-UN	Northview Residential	Pair Corr
0.67	TIL	Till Capital	Pair Corr

The ability to find closely correlated positions to Sun Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sun Life when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sun Life - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sun Life Financial to buy it.

The correlation of Sun Life is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sun Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sun Life Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Sun Life can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Sun Life Financial is a strong investment it is important to analyze Sun Life's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Sun Life's future performance. For an informed investment choice regarding Sun Stock, refer to the following important reports:

How To Invest In Sun

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Is Sun Stock a good investment?

Details

What is Sun Life's Net Worth?

Details

Largest Life & Health Insurance Companies

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Largest Insurance - Diversified Companies

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sun Life Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Please note, there is a significant difference between Sun Life's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sun Life is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sun Life's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Sun Net Debt vs Total Assets Analysis

Net Debt vs Total Assets

Net Debt vs Total Assets Correlation Analysis

Correlation Coefficient

Net Debt

Total Assets

Sun Life fundamental ratios Correlations

Sun Life Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sun Life fundamental ratios Accounts

Pair Trading with Sun Life

Moving together with Sun Stock

Moving against Sun Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Non Current Assets Total	+ 0.97	Non Current Liabilities Total
Total Stockholder Equity	+ 0.95	Total Assets
Cash And Short Term Investments	+ 0.95	Non Current Liabilities Total
Other Current Assets	+ 0.95	Non Current Assets Total

Short Term Debt	- 0.92	Other Current Liab
Other Current Liab	- 0.91	Intangible Assets
Short Term Investments	- 0.86	Other Assets
Other Current Liab	- 0.83	Good Will
Property Plant And Equipment Gross	- 0.81	Common Stock Shares Outstanding
Property Plant And Equipment Net	- 0.78	Common Stock Shares Outstanding