Sun Life Financial (TSX:SLF.PR.C.PFD) Debt-to-Revenue : 0.18 (As of Dec. 2023)

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What is Sun Life Financial Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Sun Life Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$2,330.00 Mil. Sun Life Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$10,947.00 Mil. Sun Life Financial's annualized Revenue for the quarter that ended in Dec. 2023 was C$74,484.00 Mil. Sun Life Financial's annualized Debt-to-Revenue for the quarter that ended in Dec. 2023 was 0.18.

Sun Life Financial Debt-to-Revenue Historical Data

The historical data trend for Sun Life Financial's Debt-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sun Life Financial Debt-to-Revenue Chart

Sun Life Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Revenue

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0.19

0.16

0.20

N/A

0.41

Sun Life Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Revenue	Get a 7-Day Free Trial															9.62	0.21	0.44	15.53	0.18

Competitive Comparison of Sun Life Financial's Debt-to-Revenue

For the Insurance - Diversified subindustry, Sun Life Financial's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sun Life Financial's Debt-to-Revenue Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Sun Life Financial's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where Sun Life Financial's Debt-to-Revenue falls into.

Sun Life Financial Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Sun Life Financial's Debt-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(2330	+	10947)	/	32656
	=	0.41

Sun Life Financial's annualized Debt-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(2330	+	10947)	/	74484
	=	0.18

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Dec. 2023) Revenue data.

Sun Life Financial Debt-to-Revenue Related Terms

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Sun Life Financial (TSX:SLF.PR.C.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sun Life Financial Inc (TSX:SLF.PR.C.PFD) » Definitions » Debt-to-Revenue

Comparable Companies

Traded in Other Exchanges

SUNFF.PFD:USA SLF:USA SLF:Philippines LIE:Germany LIE:Germany SLF.PR.K.PFD:Canada SLF.PR.J.PFD:Canada SLF.PR.H.PFD:Canada SLF.PR.G.PFD:Canada SLF.PR.E.PFD:Canada SLF.PR.D.PFD:Canada SLF:Canada

Address

1 York Street, 31st Floor, Toronto, ON, CAN, M5J 0B6

Website

https://www.sunlife.com

Sun Life provides life insurance, retirement, and asset management products to individuals and corporate customers in Canada, the United States, and Asia. The company's investment management business contributes approximately 38% of its adjusted earnings and has around CAD 1 trillion in assets under management as of the second quarter of 2023. The Canada business contributes about 32% of adjusted earnings and provides individual life and health insurance, group insurance, retirement services, and wealth management solutions. The U.S. business contributes approximately 14% of earnings and is mainly focused on providing group insurance products and managing the in-force life insurance policies. Finally, the Asia segment contributes around 16% of earnings.

Sun Life Financial (TSX:SLF.PR.C.PFD) Headlines

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