Sun Life Financial Total Assets vs Net Debt

SLF Stock

USD 61.37 0.56 0.92%

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 Total Assets and its Net Debt 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 bureau of economic analysis.

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

The correlation between Sun Life's Total Assets and Net Debt is -0.41. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Debt 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 Total Assets and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Sun Life Financial are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Assets i.e., Sun Life's Total Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.41

Relationship Direction	Negative
Relationship Strength	Very Weak

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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 bureau of economic analysis.

At this time, Sun Life's Enterprise Value Multiple is most likely to drop slightly in the upcoming years.

	2021	2022	2023	2024 (projected)
Total Revenue	35.7B	23.2B	32.7B	25.2B
Interest Expense	327M	445M	552M	315.1M

Total Revenue Interest Expense

	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	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Long Term Debt	Net Receivables	Good Will	Common Stock Total Equity	Other Current Assets
Total Assets		0.88	0.95	-0.41	0.09	-0.04	0.64	0.12	-0.69	1.0	0.23	0.17	-0.26	-0.24	-0.13	-0.67	0.74	0.69	0.9	0.64	0.83	0.75	0.79	0.91	0.61	-0.19
Short Long Term Debt Total	0.88		0.84	-0.01	-0.07	-0.15	0.59	0.21	-0.49	0.88	0.29	0.22	-0.12	-0.3	-0.2	-0.57	0.67	0.66	0.79	0.56	0.65	0.91	0.87	0.93	0.55	-0.26
Total Stockholder Equity	0.95	0.84		-0.39	0.15	0.07	0.7	0.08	-0.77	0.94	0.2	0.1	-0.35	-0.1	-0.05	-0.75	0.73	0.75	0.9	0.67	0.77	0.76	0.86	0.89	0.73	-0.05
Net Debt	-0.41	-0.01	-0.39		-0.41	-0.19	0.02	0.25	0.57	-0.41	0.19	0.1	0.32	0.17	-0.23	0.1	-0.39	-0.28	-0.52	-0.13	-0.67	0.14	-0.06	-0.14	-0.14	0.13
Non Currrent Assets Other	0.09	-0.07	0.15	-0.41		0.84	-0.25	-0.91	-0.32	0.08	-0.87	-0.85	-0.86	0.28	0.24	-0.01	-0.22	-0.15	0.14	-0.03	0.03	-0.08	0.14	-0.22	-0.02	0.33
Other Assets	-0.04	-0.15	0.07	-0.19	0.84		-0.03	-0.89	-0.09	-0.04	-0.87	-0.95	-0.93	0.69	0.31	-0.23	-0.44	-0.28	-0.12	0.0	-0.24	-0.02	0.15	-0.29	-0.1	0.73
Common Stock Shares Outstanding	0.64	0.59	0.7	0.02	-0.25	-0.03		0.38	-0.49	0.64	0.45	0.2	-0.11	0.3	-0.16	-0.91	0.38	0.5	0.38	0.65	0.27	0.66	0.63	0.72	0.76	0.32
Non Current Liabilities Total	0.12	0.21	0.08	0.25	-0.91	-0.89	0.38		0.01	0.13	0.99	0.95	0.86	-0.34	-0.2	-0.09	0.48	0.37	0.12	0.23	0.19	0.18	0.0	0.41	0.32	-0.38
Other Stockholder Equity	-0.69	-0.49	-0.77	0.57	-0.32	-0.09	-0.49	0.01		-0.67	-0.08	-0.02	0.32	0.12	0.03	0.51	-0.54	-0.59	-0.76	-0.38	-0.68	-0.35	-0.57	-0.58	-0.82	0.07
Total Liab	1.0	0.88	0.94	-0.41	0.08	-0.04	0.64	0.13	-0.67		0.24	0.18	-0.25	-0.25	-0.14	-0.67	0.73	0.68	0.89	0.63	0.83	0.75	0.78	0.91	0.6	-0.2
Non Current Assets Total	0.23	0.29	0.2	0.19	-0.87	-0.87	0.45	0.99	-0.08	0.24		0.95	0.81	-0.36	-0.21	-0.18	0.56	0.46	0.22	0.3	0.28	0.26	0.09	0.5	0.39	-0.4
Cash And Short Term Investments	0.17	0.22	0.1	0.1	-0.85	-0.95	0.2	0.95	-0.02	0.18	0.95		0.88	-0.55	-0.18	0.06	0.59	0.42	0.24	0.19	0.36	0.11	-0.02	0.42	0.23	-0.59
Short Term Investments	-0.26	-0.12	-0.35	0.32	-0.86	-0.93	-0.11	0.86	0.32	-0.25	0.81	0.88		-0.48	-0.13	0.4	0.22	0.08	-0.17	-0.19	-0.02	-0.19	-0.39	0.0	-0.09	-0.53
Total Current Assets	-0.24	-0.3	-0.1	0.17	0.28	0.69	0.3	-0.34	0.12	-0.25	-0.36	-0.55	-0.48		0.4	-0.32	-0.48	-0.32	-0.43	0.12	-0.52	-0.02	0.02	-0.28	0.05	1.0
Other Current Liab	-0.13	-0.2	-0.05	-0.23	0.24	0.31	-0.16	-0.2	0.03	-0.14	-0.21	-0.18	-0.13	0.4		0.18	0.07	0.12	-0.02	-0.28	-0.06	-0.07	-0.13	-0.2	-0.07	0.39
Total Current Liabilities	-0.67	-0.57	-0.75	0.1	-0.01	-0.23	-0.91	-0.09	0.51	-0.67	-0.18	0.06	0.4	-0.32	0.18		-0.31	-0.43	-0.43	-0.63	-0.28	-0.66	-0.65	-0.65	-0.66	-0.37
Other Liab	0.74	0.67	0.73	-0.39	-0.22	-0.44	0.38	0.48	-0.54	0.73	0.56	0.59	0.22	-0.48	0.07	-0.31		0.88	0.84	0.44	0.81	0.56	0.54	0.77	0.55	-0.46
Net Tangible Assets	0.69	0.66	0.75	-0.28	-0.15	-0.28	0.5	0.37	-0.59	0.68	0.46	0.42	0.08	-0.32	0.12	-0.43	0.88		0.75	0.33	0.65	0.56	0.59	0.72	0.7	-0.29
Retained Earnings	0.9	0.79	0.9	-0.52	0.14	-0.12	0.38	0.12	-0.76	0.89	0.22	0.24	-0.17	-0.43	-0.02	-0.43	0.84	0.75		0.51	0.92	0.62	0.73	0.83	0.57	-0.38
Accounts Payable	0.64	0.56	0.67	-0.13	-0.03	0.0	0.65	0.23	-0.38	0.63	0.3	0.19	-0.19	0.12	-0.28	-0.63	0.44	0.33	0.51		0.47	0.56	0.7	0.7	0.46	0.14
Cash	0.83	0.65	0.77	-0.67	0.03	-0.24	0.27	0.19	-0.68	0.83	0.28	0.36	-0.02	-0.52	-0.06	-0.28	0.81	0.65	0.92	0.47		0.4	0.54	0.74	0.42	-0.49
Long Term Debt	0.75	0.91	0.76	0.14	-0.08	-0.02	0.66	0.18	-0.35	0.75	0.26	0.11	-0.19	-0.02	-0.07	-0.66	0.56	0.56	0.62	0.56	0.4		0.87	0.85	0.51	0.01
Net Receivables	0.79	0.87	0.86	-0.06	0.14	0.15	0.63	0.0	-0.57	0.78	0.09	-0.02	-0.39	0.02	-0.13	-0.65	0.54	0.59	0.73	0.7	0.54	0.87		0.84	0.59	0.06
Good Will	0.91	0.93	0.89	-0.14	-0.22	-0.29	0.72	0.41	-0.58	0.91	0.5	0.42	0.0	-0.28	-0.2	-0.65	0.77	0.72	0.83	0.7	0.74	0.85	0.84		0.65	-0.25
Common Stock Total Equity	0.61	0.55	0.73	-0.14	-0.02	-0.1	0.76	0.32	-0.82	0.6	0.39	0.23	-0.09	0.05	-0.07	-0.66	0.55	0.7	0.57	0.46	0.42	0.51	0.59	0.65		0.07
Other Current Assets	-0.19	-0.26	-0.05	0.13	0.33	0.73	0.32	-0.38	0.07	-0.2	-0.4	-0.59	-0.53	1.0	0.39	-0.37	-0.46	-0.29	-0.38	0.14	-0.49	0.01	0.06	-0.25	0.07

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High Positive Relationship

Total Liab	+ 1.0	Total Assets
Other Current Assets	+ 1.0	Total Current Assets
Non Current Assets Total	+ 0.99	Non Current Liabilities Total
Total Stockholder Equity	+ 0.95	Total Assets
Cash And Short Term Investments	+ 0.95	Non Current Liabilities Total
Cash And Short Term Investments	+ 0.95	Non Current Assets Total

High Negative Relationship

Cash And Short Term Investments	- 0.95	Other Assets
Short Term Investments	- 0.93	Other Assets
Total Current Liabilities	- 0.91	Common Stock Shares Outstanding
Non Current Liabilities Total	- 0.91	Non Currrent Assets Other
Non Current Liabilities Total	- 0.89	Other Assets
Non Current Assets Total	- 0.87	Other Assets

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	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	(1.5B)	(1.6B)	(1.8B)	(1.6B)	(162.4B)	(154.3B)
Other Assets	190.0B	202.0B	221.8B	216.3B	(165.4B)	(157.1B)
Common Stock Shares Outstanding	611M	597M	589M	590M	677.4M	622.4M
Liabilities And Stockholders Equity	297.2B	323.0B	345.4B	330.9B	333.2B	220.3B
Non Current Liabilities Total	4.0B	6.5B	9.6B	5.0B	307.1B	322.5B
Other Stockholder Equity	(3.7B)	(3.8B)	(3.2B)	(2.9B)	(363M)	(344.9M)
Total Liab	272.7B	297.1B	317.3B	301.5B	309.0B	200.1B
Non Current Assets Total	95.7B	105.7B	109.0B	99.7B	468.8B	492.2B
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	28.4B
Other Current Liab	(1.9B)	(2.8B)	(2.4B)	(5.0B)	(4.8B)	(4.6B)
Total Current Liabilities	1.9B	2.8B	2.4B	5.0B	4.8B	4.6B
Other Liab	256.2B	279.6B	296.2B	275.2B	316.5B	332.3B
Net Tangible Assets	14.3B	15.0B	15.9B	13.6B	15.7B	16.4B
Retained Earnings	12.8B	13.9B	15.7B	16.8B	12.2B	10.3B
Accounts Payable	1.9B	2.4B	1.9B	2.6B	2.5B	2.2B
Cash	9.6B	13.5B	12.3B	11.2B	11.2B	7.5B
Long Term Debt	8.0B	5.3B	8.8B	11.9B	10.0B	6.8B
Net Receivables	2.0B	1.8B	2.3B	3.7B	2.4B	1.4B
Good Will	5.8B	6.1B	6.5B	8.7B	9.0B	5.8B
Inventory	(17.0B)	(20.4B)	(19.6B)	(16.9B)	(19.7B)	(18.7B)
Other Current Assets	17.0B	20.4B	19.6B	16.9B	19.7B	18.7B
Long Term Investments	89.3B	98.6B	102.3B	84.9B	95.0B	99.7B
Short Long Term Debt	30M	344M	574M	2.3B	2.3B	2.4B
Accumulated Other Comprehensive Income	1.5B	1.6B	986M	651M	1.2B	1.3B
Short Term Debt	30M	344M	574M	2.3B	2.3B	2.4B
Intangible Assets	2.1B	2.5B

Sun Total Assets vs Net Debt Analysis

Total Assets vs Net Debt

Total Assets vs Net Debt Correlation Analysis

Correlation Coefficient

Total Assets

Net Debt

Sun Life fundamental ratios Correlations

Sun Life Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sun Life fundamental ratios Accounts

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