Bank of Nova Scotia (BNS) - Cash Flow Conversion Efficiency

Latest as of January 2026: -0.102x

Based on the latest financial reports, Bank of Nova Scotia (BNS) has a cash flow conversion efficiency ratio of -0.102x as of January 2026. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (CA$-9.05 Billion ≈ $-6.55 Billion USD) by net assets (CA$89.02 Billion ≈ $64.40 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See Bank of Nova Scotia defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Bank of Nova Scotia - Cash Flow Conversion Efficiency Trend (1995–2025)

This chart illustrates how Bank of Nova Scotia's cash flow conversion efficiency has evolved over time, based on yearly financial data.

Bank of Nova Scotia Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Bank of Nova Scotia ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
DBS GROUP ADR/4 SD 1 F:DEV	N/A
Bristol-Myers Squibb Company NYSE:BMY	0.055x
Vertex Pharmaceuticals Inc NASDAQ:VRTX	0.074x
FAST RETAIL. CO. ADR 1/10 F:FR70	0.073x
Howmet Aerospace Inc NYSE MKT:HWM	0.082x
Crowdstrike Holdings Inc NASDAQ:CRWD	0.111x
Compagnie Financière Richemont SA JSE:CFR	0.035x
Cadence Design Systems Inc NASDAQ:CDNS	0.054x

Annual Cash Flow Conversion Efficiency for Bank of Nova Scotia (1995–2025)

The table below shows the annual cash flow conversion efficiency of Bank of Nova Scotia from 1995 to 2025. For the full company profile with market capitalisation and key ratios, see BNS market cap overview.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-10-31	CA$88.59 Billion ≈ $64.08 Billion	CA$10.49 Billion ≈ $7.59 Billion	0.118x	-36.40%
2024-10-31	CA$84.08 Billion ≈ $60.82 Billion	CA$15.65 Billion ≈ $11.32 Billion	0.186x	-53.84%
2023-10-31	CA$78.67 Billion ≈ $56.91 Billion	CA$31.72 Billion ≈ $22.95 Billion	0.403x	+77.91%
2022-10-31	CA$74.75 Billion ≈ $54.07 Billion	CA$16.94 Billion ≈ $12.26 Billion	0.227x	+229.01%
2021-10-31	CA$72.89 Billion ≈ $52.73 Billion	CA$-12.81 Billion ≈ $-9.26 Billion	-0.176x	-157.17%
2020-10-31	CA$70.50 Billion ≈ $51.00 Billion	CA$21.67 Billion ≈ $15.68 Billion	0.307x	+279.40%
2019-10-31	CA$70.19 Billion ≈ $50.78 Billion	CA$-12.03 Billion ≈ $-8.70 Billion	-0.171x	-165.10%
2018-10-31	CA$67.68 Billion ≈ $48.96 Billion	CA$17.81 Billion ≈ $12.88 Billion	0.263x	-2.21%
2017-10-31	CA$61.62 Billion ≈ $44.58 Billion	CA$16.58 Billion ≈ $12.00 Billion	0.269x	+279.61%
2016-10-31	CA$57.82 Billion ≈ $41.83 Billion	CA$4.10 Billion ≈ $2.97 Billion	0.071x	-72.62%
2015-10-31	CA$53.48 Billion ≈ $38.69 Billion	CA$13.85 Billion ≈ $10.02 Billion	0.259x	+157.72%
2014-10-31	CA$49.21 Billion ≈ $35.60 Billion	CA$4.94 Billion ≈ $3.58 Billion	0.100x	-52.00%
2013-10-31	CA$46.55 Billion ≈ $33.67 Billion	CA$9.74 Billion ≈ $7.05 Billion	0.209x	+7.34%
2012-10-31	CA$41.38 Billion ≈ $29.93 Billion	CA$8.07 Billion ≈ $5.84 Billion	0.195x	-42.53%
2011-10-31	CA$33.40 Billion ≈ $24.16 Billion	CA$11.33 Billion ≈ $8.20 Billion	0.339x	+425.02%
2010-10-31	CA$28.21 Billion ≈ $20.41 Billion	CA$-2.94 Billion ≈ $-2.13 Billion	-0.104x	+76.07%
2009-10-31	CA$25.33 Billion ≈ $18.32 Billion	CA$-11.05 Billion ≈ $-7.99 Billion	-0.436x	-148.02%
2008-10-31	CA$22.14 Billion ≈ $16.02 Billion	CA$20.11 Billion ≈ $14.55 Billion	0.908x	+771.62%
2007-10-31	CA$19.30 Billion ≈ $13.96 Billion	CA$2.01 Billion ≈ $1.45 Billion	0.104x	+131.42%
2006-10-31	CA$17.98 Billion ≈ $13.01 Billion	CA$-5.96 Billion ≈ $-4.31 Billion	-0.332x	-63.64%
2005-10-31	CA$16.39 Billion ≈ $11.85 Billion	CA$-3.32 Billion ≈ $-2.40 Billion	-0.203x	-467.88%
2004-10-31	CA$17.52 Billion ≈ $12.67 Billion	CA$965.00 Million ≈ $698.07 Million	0.055x	+113.13%
2003-10-31	CA$16.94 Billion ≈ $12.25 Billion	CA$-7.11 Billion ≈ $-5.14 Billion	-0.420x	-129.82%
2002-10-31	CA$16.69 Billion ≈ $12.07 Billion	CA$-3.05 Billion ≈ $-2.21 Billion	-0.183x	-527.07%
2001-10-31	CA$15.69 Billion ≈ $11.35 Billion	CA$-457.07 Million ≈ $-330.64 Million	-0.029x	+91.56%
2000-10-31	CA$13.70 Billion ≈ $9.91 Billion	CA$-4.73 Billion ≈ $-3.42 Billion	-0.345x	-282.06%
1999-10-31	CA$11.60 Billion ≈ $8.39 Billion	CA$2.20 Billion ≈ $1.59 Billion	0.190x	+910.72%
1998-10-31	CA$10.99 Billion ≈ $7.95 Billion	CA$206.00 Million ≈ $149.02 Million	0.019x	+358.40%
1997-10-31	CA$9.54 Billion ≈ $6.90 Billion	CA$39.00 Million ≈ $28.21 Million	0.004x	-98.55%
1996-10-31	CA$7.85 Billion ≈ $5.68 Billion	CA$2.21 Billion ≈ $1.60 Billion	0.281x	+262.52%
1995-10-31	CA$7.45 Billion ≈ $5.39 Billion	CA$578.00 Million ≈ $418.12 Million	0.078x	--

About Bank of Nova Scotia

TO:BNS Canada Banks - Diversified

Market Cap

$109.60 Billion

CA$151.50 Billion CAD

Market Cap Rank

#224 Global

#6 in Canada

Share Price

CA$123.03

Change (1 day)

+0.98%

52-Week Range

CA$74.37 - CA$123.03

All Time High

CA$123.03