Sun Other Current Assets vs Cash And Short Term Investments Analysis

SLF Stock

CAD 80.46 1.47 1.86%

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 Other Current Assets and its Cash And Short Term Investments 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.

Other Current Assets vs Cash And Short Term Investments

Other Current Assets vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sun Life Financial Other Current Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Sun Life's Other Current Assets and Cash And Short Term Investments is 0.94. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Cash And Short Term Investments 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 Other Current Assets and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Sun Life Financial are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Current Assets i.e., Sun Life's Other Current Assets and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Sun Life Financial balance sheet. This account contains Sun Life investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Sun Life Financial fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

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 Enterprise Value Over EBITDA is very stable compared to the past year. As of the 1st of March 2025, Enterprise Value Multiple is likely to grow to 14.53, while Selling General Administrative is likely to drop about 3.3 B.

	2022	2023	2024	2025 (projected)
Total Revenue	23.2B	30.9B	36.8B	25.7B
Interest Expense	445M	552M	664M	346.8M

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		0.74	0.95	-0.26	0.32	0.07	0.48	0.32	-0.65	1.0	0.44	0.34	0.01	0.15	0.8	0.73	0.66	-0.22	0.7	-0.23	-0.58	0.49	0.47	0.52	0.35	0.49
Short Long Term Debt Total	0.74		0.73	0.24	0.68	-0.3	0.43	0.67	-0.36	0.73	0.77	0.69	0.42	0.07	0.58	0.79	0.92	-0.11	0.61	-0.13	-0.81	0.46	0.82	0.76	0.66	0.65
Total Stockholder Equity	0.95	0.73		-0.28	0.24	0.24	0.64	0.21	-0.67	0.94	0.35	0.22	-0.15	0.26	0.74	0.62	0.6	-0.37	0.7	-0.38	-0.52	0.48	0.41	0.42	0.34	0.54
Net Debt	-0.26	0.24	-0.28		0.41	-0.47	0.02	0.39	0.64	-0.25	0.32	0.28	0.43	0.03	-0.57	0.05	0.14	-0.12	-0.44	-0.14	-0.23	-0.06	0.35	0.31	0.36	0.14
Non Currrent Assets Other	0.32	0.68	0.24	0.41		-0.68	0.03	0.9	0.26	0.33	0.9	0.9	0.83	0.1	0.33	0.7	0.82	0.18	0.33	0.15	-0.76	0.44	0.87	0.77	0.83	0.51
Other Assets	0.07	-0.3	0.24	-0.47	-0.68		0.22	-0.82	-0.33	0.05	-0.73	-0.77	-0.89	0.46	0.02	-0.35	-0.47	-0.31	0.13	-0.27	0.44	-0.1	-0.65	-0.53	-0.38	0.02
Common Stock Shares Outstanding	0.48	0.43	0.64	0.02	0.03	0.22		0.07	-0.44	0.46	0.19	-0.05	-0.32	0.24	0.1	-0.03	0.15	-0.91	0.0	-0.9	-0.14	0.24	0.19	-0.08	0.16	0.03
Non Current Liabilities Total	0.32	0.67	0.21	0.39	0.9	-0.82	0.07		0.14	0.34	0.97	0.96	0.9	0.0	0.29	0.67	0.79	0.15	0.21	0.1	-0.72	0.37	0.94	0.73	0.8	0.29
Other Stockholder Equity	-0.65	-0.36	-0.67	0.64	0.26	-0.33	-0.44	0.14		-0.65	0.0	0.08	0.37	0.15	-0.64	-0.22	-0.22	0.2	-0.52	0.19	0.09	-0.15	-0.03	0.01	0.2	-0.08
Total Liab	1.0	0.73	0.94	-0.25	0.33	0.05	0.46	0.34	-0.65		0.45	0.35	0.03	0.14	0.79	0.74	0.66	-0.2	0.69	-0.22	-0.58	0.49	0.47	0.53	0.35	0.48
Non Current Assets Total	0.44	0.77	0.35	0.32	0.9	-0.73	0.19	0.97	0.0	0.45		0.97	0.84	0.03	0.39	0.7	0.85	0.06	0.32	0.02	-0.74	0.42	0.97	0.72	0.82	0.35
Cash And Short Term Investments	0.34	0.69	0.22	0.28	0.9	-0.77	-0.05	0.96	0.08	0.35	0.97		0.92	-0.03	0.42	0.72	0.84	0.3	0.36	0.26	-0.72	0.38	0.94	0.74	0.79	0.35
Short Term Investments	0.01	0.42	-0.15	0.43	0.83	-0.89	-0.32	0.9	0.37	0.03	0.84	0.92		-0.13	0.13	0.53	0.63	0.47	0.11	0.43	-0.53	0.15	0.8	0.63	0.66	0.18
Total Current Assets	0.15	0.07	0.26	0.03	0.1	0.46	0.24	0.0	0.15	0.14	0.03	-0.03	-0.13		-0.02	0.07	0.0	-0.27	0.07	-0.28	-0.02	0.21	0.12	-0.07	0.55	0.26
Cash	0.8	0.58	0.74	-0.57	0.33	0.02	0.1	0.29	-0.64	0.79	0.39	0.42	0.13	-0.02		0.74	0.7	0.23	0.91	0.23	-0.59	0.48	0.4	0.54	0.27	0.5
Good Will	0.73	0.79	0.62	0.05	0.7	-0.35	-0.03	0.67	-0.22	0.74	0.7	0.72	0.53	0.07	0.74		0.91	0.33	0.76	0.3	-0.87	0.54	0.75	0.93	0.64	0.77
Intangible Assets	0.66	0.92	0.6	0.14	0.82	-0.47	0.15	0.79	-0.22	0.66	0.85	0.84	0.63	0.0	0.7	0.91		0.19	0.71	0.17	-0.91	0.52	0.87	0.9	0.72	0.69
Property Plant And Equipment Net	-0.22	-0.11	-0.37	-0.12	0.18	-0.31	-0.91	0.15	0.2	-0.2	0.06	0.3	0.47	-0.27	0.23	0.33	0.19		0.33	1.0	-0.12	-0.11	0.09	0.32	0.02	0.2
Retained Earnings	0.7	0.61	0.7	-0.44	0.33	0.13	0.0	0.21	-0.52	0.69	0.32	0.36	0.11	0.07	0.91	0.76	0.71	0.33		0.35	-0.58	0.38	0.38	0.58	0.31	0.69
Property Plant And Equipment Gross	-0.23	-0.13	-0.38	-0.14	0.15	-0.27	-0.9	0.1	0.19	-0.22	0.02	0.26	0.43	-0.28	0.23	0.3	0.17	1.0	0.35		-0.1	-0.13	0.05	0.3	-0.02	0.2
Other Current Liab	-0.58	-0.81	-0.52	-0.23	-0.76	0.44	-0.14	-0.72	0.09	-0.58	-0.74	-0.72	-0.53	-0.02	-0.59	-0.87	-0.91	-0.12	-0.58	-0.1		-0.76	-0.75	-0.94	-0.69	-0.74
Accounts Payable	0.49	0.46	0.48	-0.06	0.44	-0.1	0.24	0.37	-0.15	0.49	0.42	0.38	0.15	0.21	0.48	0.54	0.52	-0.11	0.38	-0.13	-0.76		0.39	0.53	0.52	0.54
Other Current Assets	0.47	0.82	0.41	0.35	0.87	-0.65	0.19	0.94	-0.03	0.47	0.97	0.94	0.8	0.12	0.4	0.75	0.87	0.09	0.38	0.05	-0.75	0.39		0.74	0.85	0.47
Short Term Debt	0.52	0.76	0.42	0.31	0.77	-0.53	-0.08	0.73	0.01	0.53	0.72	0.74	0.63	-0.07	0.54	0.93	0.9	0.32	0.58	0.3	-0.94	0.53	0.74		0.63	0.74
Total Current Liabilities	0.35	0.66	0.34	0.36	0.83	-0.38	0.16	0.8	0.2	0.35	0.82	0.79	0.66	0.55	0.27	0.64	0.72	0.02	0.31	-0.02	-0.69	0.52	0.85	0.63		0.53
Net Receivables	0.49	0.65	0.54	0.14	0.51	0.02	0.03	0.29	-0.08	0.48	0.35	0.35	0.18	0.26	0.5	0.77	0.69	0.2	0.69	0.2	-0.74	0.54	0.47	0.74	0.53

Click cells to compare fundamentals

Sun Life Account Relationship Matchups

Sun Life fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	323.0B	345.4B	330.9B	333.2B	370.7B	227.2B
Short Long Term Debt Total	9.0B	11.9B	15.2B	13.3B	15.3B	16.0B
Total Stockholder Equity	24.5B	26.3B	27.5B	23.6B	26.1B	19.9B
Net Debt	(6.6B)	(2.1B)	2.2B	2.1B	3.9B	4.1B
Non Currrent Assets Other	(105.7B)	4.5B	1.8B	145.3B	167.1B	175.4B
Other Assets	202.0B	217.3B	216.3B	(4.4B)	(5.0B)	(4.8B)
Common Stock Shares Outstanding	611M	587.8M	589M	590M	573.9M	622.4M
Liabilities And Stockholders Equity	323.0B	345.4B	330.9B	333.2B	383.2B	220.2B
Non Current Liabilities Total	6.5B	2.4B	5.0B	309.0B	278.1B	292.0B
Other Stockholder Equity	(7.7B)	(3.2B)	(2.9B)	94M	84.6M	80.4M
Total Liab	297.1B	317.3B	301.5B	309.0B	344.6B	206.8B
Non Current Assets Total	105.7B	113.5B	99.7B	307.7B	353.9B	371.6B
Cash And Short Term Investments	13.5B	12.3B	11.2B	27.5B	31.6B	33.2B
Short Term Investments	2.9B	4.5B	1.8B	16.3B	17.6B	18.5B
Total Current Assets	15.3B	14.5B	14.9B	29.9B	34.4B	22.2B
Cash	13.5B	12.3B	11.2B	11.2B	10.1B	8.0B
Good Will	6.1B	6.5B	8.7B	9.0B	9.5B	6.4B
Intangible Assets	2.5B	3.4B	4.7B	5.2B	5.1B	5.3B
Property Plant And Equipment Net	1.4B	1.3B	1.4B	1.5B	1.4B	1.1B
Retained Earnings	13.9B	15.7B	16.8B	12.2B	12.6B	11.7B
Accumulated Other Comprehensive Income	1.6B	986M	651M	765M	879.8M	923.7M
Other Current Liab	(2.8B)	(2.4B)	(5.0B)	(4.8B)	(4.3B)	(4.1B)
Accounts Payable	2.4B	1.9B	2.6B	2.5B	2.6B	2.3B
Other Current Assets	5.7B	5.4B	7.5B	19.7B	22.7B	23.8B
Short Term Debt	344M	574M	2.3B	2.3B	2.1B	1.3B
Total Current Liabilities	2.8B	2.4B	5.0B	9.3B	10.6B	11.2B
Net Receivables	1.8B	2.3B	3.7B	2.4B	2.8B	2.3B
Common Stock	10.6B	10.6B	10.6B	8.3B	9.6B	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	5.3B	8.8B	11.9B	10.0B	11.8B	9.3B
Long Term Investments	98.6B	102.3B	84.9B	95.0B	109.0B	79.2B
Short Long Term Debt	344M	574M	2.3B	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	(20.4B)	(19.6B)	(16.9B)	(19.7B)	(17.7B)	(18.6B)

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 against Sun Stock

0.56	CVS	CVS HEALTH CDR	Pair Corr
0.52	COST	Costco Wholesale Corp	Pair Corr
0.46	WMT	Walmart Inc CDR	Pair Corr
0.43	BRK	Berkshire Hathaway CDR	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

Details

Is Sun Stock a good investment?

Details

What is Sun Life's Net Worth?

Details

Largest Life & Health Insurance Companies

View

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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

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 Other Current Assets vs Cash And Short Term Investments Analysis

Other Current Assets vs Cash And Short Term Investments

Other Current Assets vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Other Current Assets

Cash And Short Term Investments

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 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
Cash And Short Term Investments	+ 0.97	Non Current Assets Total
Other Current Assets	+ 0.97	Non Current Assets Total
Cash And Short Term Investments	+ 0.96	Non Current Liabilities Total

Short Term Debt	- 0.94	Other Current Liab
Other Current Liab	- 0.91	Intangible Assets
Property Plant And Equipment Net	- 0.91	Common Stock Shares Outstanding
Property Plant And Equipment Gross	- 0.9	Common Stock Shares Outstanding
Short Term Investments	- 0.89	Other Assets
Other Current Liab	- 0.87	Good Will