Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Sun Life Financial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₱1,016,095 Mil. Sun Life Financial's Total Assets for the quarter that ended in Dec. 2023 was ₱14,358,602 Mil.
Therefore, Sun Life Financial's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.07.
The historical rank and industry rank for Sun Life Financial's Equity-to-Asset or its related term are showing as below:
PHS:SLF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.06 Med: 0.08 Max: 0.09
Current: 0.07
During the past 13 years, the highest Equity to Asset Ratio of Sun Life Financial was 0.09. The lowest was 0.06. And the median was 0.08.
PHS:SLF's Equity-to-Asset is ranked worse than 82.93% of 492
companies
in the Insurance industry
Industry Median: 0.24
vs PHS:SLF: 0.07
Sun Life Financial Equity-to-Asset Historical Data
The historical data trend for Sun Life Financial's Equity-to-Asset 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.
Competitive Comparison of Sun Life Financial's Equity-to-Asset
For the Insurance - Diversified subindustry, Sun Life Financial's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Sun Life Financial's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Sun Life Financial's Equity-to-Asset falls into.
Sun Life Financial Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Sun Life Financial's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Sun Life Financial (PHS:SLF) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Sun Life Financial Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Sun Life Financial's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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