I know that for large positive numbers cosh(x) and sinh(x) would almost be equal to $e^x/2$ as $e^{-x}/2$ would become negligible given the magnitude of x in both cases. And so for a number like 31427.7920639882, sinh(x) and cosh(x) are equal. Apart from numbers being large, are there any other conditions at which sinh and cosh would be equal?
When can sinh(x) and cosh(x) be equal?
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Never. Suppose $\sinh(x)=\cosh(x)$. Then, by definition, $$\frac{e^{x}+e^{-x}}{2}=\frac{e^{x}-e^{-x}}{2} \implies e^{-x}=0$$ So they get close together as $x \to \infty$, but they are never equal.
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$sinh(x)=cosh(x)$ is equal to $e^{-x}=-e^{-x}$ which is: $2e^{-x}=0$, hence the answer is- there are never equal.
Your given number $31427.7920639882$ is actually not good example, may be you just calculated on computer, which have only approximations not the real values.
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$$cosh(x)= \frac{e^x+e^{-x}}{2}$$ $$sinh(x)= \frac{e^x-e^{-x}}{2}$$ $$sinh(x)=cosh(x) \rightarrow \frac{e^x-e^{-x}}{2} = \frac{e^x+e^{-x}}{2}$$ $$e^x-e^{-x}= e^x+e^{-x}$$ $$e^x-e^{x}= e^{-x}+e^{-x}$$ $$0= 2e^{-x}$$ $$0= e^{-x}$$ $$ln(0_+)= -x$$ $$- \infty = -x$$ $$ \infty = x$$ These two functions only asymptotically approach each other as x$\rightarrow \infty$.
$$\cosh^2(x)=\sinh^2(x)+1$$
If they are equal, you get $$\cosh^2(x)=\cosh^2(x)+1$$