National Bank of Canada (NA) - Cash Flow Conversion Efficiency

Latest as of January 2026: -0.021x

Based on the latest financial reports, National Bank of Canada (NA) has a cash flow conversion efficiency ratio of -0.021x 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$-688.00 Million ≈ $-497.69 Million USD) by net assets (CA$33.22 Billion ≈ $24.03 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 National Bank of Canada (NA) defensive interval to measure how many days the company can operate on defensive assets alone.

National Bank of Canada - Cash Flow Conversion Efficiency Trend (1993–2025)

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

National Bank of Canada Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of National Bank of Canada ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
MPLX LP NYSE:MPLX	0.103x
AB Volvo (publ) ST:VOLV-B	0.056x
Vingroup JSC VN:VIC	0.172x
Deutsche Post AG XETRA:DHL	0.112x
Airbnb Inc NASDAQ:ABNB	0.224x
BANK O.CHINA H ADR/25 YC1 F:W8VS	0.060x
Realty Income Corporation NYSE:O	0.021x
Larsen & Toubro Limited F:LTO	N/A

Annual Cash Flow Conversion Efficiency for National Bank of Canada (1993–2025)

The table below shows the annual cash flow conversion efficiency of National Bank of Canada from 1993 to 2025. For the full company profile with market capitalisation and key ratios, see National Bank of Canada (NA) market capitalisation.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-10-31	CA$33.77 Billion ≈ $24.43 Billion	CA$4.63 Billion ≈ $3.35 Billion	0.137x	-24.62%
2024-10-31	CA$25.55 Billion ≈ $18.48 Billion	CA$4.65 Billion ≈ $3.37 Billion	0.182x	-16.55%
2023-10-31	CA$23.68 Billion ≈ $17.13 Billion	CA$5.17 Billion ≈ $3.74 Billion	0.218x	+346.85%
2022-10-31	CA$21.75 Billion ≈ $15.73 Billion	CA$-1.92 Billion ≈ $-1.39 Billion	-0.088x	-127.35%
2021-10-31	CA$18.68 Billion ≈ $13.51 Billion	CA$6.04 Billion ≈ $4.37 Billion	0.323x	-73.50%
2020-10-31	CA$16.38 Billion ≈ $11.85 Billion	CA$19.98 Billion ≈ $14.45 Billion	1.220x	+122.95%
2019-10-31	CA$15.14 Billion ≈ $10.95 Billion	CA$8.28 Billion ≈ $5.99 Billion	0.547x	+33.91%
2018-10-31	CA$14.36 Billion ≈ $10.38 Billion	CA$5.86 Billion ≈ $4.24 Billion	0.408x	+242.43%
2017-10-31	CA$12.75 Billion ≈ $9.22 Billion	CA$1.52 Billion ≈ $1.10 Billion	0.119x	-73.45%
2016-10-31	CA$12.10 Billion ≈ $8.75 Billion	CA$5.44 Billion ≈ $3.93 Billion	0.449x	-19.96%
2015-10-31	CA$11.36 Billion ≈ $8.21 Billion	CA$6.38 Billion ≈ $4.61 Billion	0.561x	+42.18%
2014-10-31	CA$10.50 Billion ≈ $7.60 Billion	CA$4.15 Billion ≈ $3.00 Billion	0.395x	+407.95%
2013-10-31	CA$8.95 Billion ≈ $6.48 Billion	CA$696.00 Million ≈ $503.48 Million	0.078x	-67.05%
2012-10-31	CA$8.24 Billion ≈ $5.96 Billion	CA$1.94 Billion ≈ $1.41 Billion	0.236x	-14.75%
2011-10-31	CA$7.50 Billion ≈ $5.43 Billion	CA$2.08 Billion ≈ $1.50 Billion	0.277x	+190.21%
2010-10-31	CA$17.85 Billion ≈ $12.92 Billion	CA$-5.48 Billion ≈ $-3.96 Billion	-0.307x	-537.97%
2009-10-31	CA$7.67 Billion ≈ $5.55 Billion	CA$-369.00 Million ≈ $-266.93 Million	-0.048x	+76.66%
2008-10-31	CA$7.54 Billion ≈ $5.45 Billion	CA$-1.55 Billion ≈ $-1.12 Billion	-0.206x	-143.91%
2007-10-31	CA$5.60 Billion ≈ $4.05 Billion	CA$2.63 Billion ≈ $1.90 Billion	0.469x	+204.73%
2006-10-31	CA$5.36 Billion ≈ $3.88 Billion	CA$-2.40 Billion ≈ $-1.74 Billion	-0.448x	+59.36%
2005-10-31	CA$5.08 Billion ≈ $3.68 Billion	CA$-5.60 Billion ≈ $-4.05 Billion	-1.102x	-1887.89%
2004-10-31	CA$4.57 Billion ≈ $3.31 Billion	CA$282.00 Million ≈ $203.99 Million	0.062x	+105.87%
2003-10-31	CA$4.50 Billion ≈ $3.25 Billion	CA$-4.72 Billion ≈ $-3.42 Billion	-1.051x	-214.86%
2002-10-31	CA$4.39 Billion ≈ $3.17 Billion	CA$-1.46 Billion ≈ $-1.06 Billion	-0.334x	-43.83%
2001-10-31	CA$4.60 Billion ≈ $3.33 Billion	CA$-1.07 Billion ≈ $-772.57 Million	-0.232x	-199.48%
2000-10-31	CA$4.30 Billion ≈ $3.11 Billion	CA$1.00 Billion ≈ $724.83 Million	0.233x	+39.72%
1999-10-31	CA$3.74 Billion ≈ $2.71 Billion	CA$625.00 Million ≈ $452.12 Million	0.167x	+71.63%
1998-10-31	CA$3.22 Billion ≈ $2.33 Billion	CA$313.00 Million ≈ $226.42 Million	0.097x	-80.05%
1997-10-31	CA$3.23 Billion ≈ $2.33 Billion	CA$1.57 Billion ≈ $1.14 Billion	0.488x	+1669.99%
1996-10-31	CA$2.54 Billion ≈ $1.84 Billion	CA$70.00 Million ≈ $50.64 Million	0.028x	-93.52%
1995-10-31	CA$2.36 Billion ≈ $1.71 Billion	CA$1.00 Billion ≈ $725.55 Million	0.425x	+158.74%
1994-10-31	CA$2.36 Billion ≈ $1.71 Billion	CA$387.70 Million ≈ $280.46 Million	0.164x	-37.82%
1993-10-31	CA$2.01 Billion ≈ $1.46 Billion	CA$531.40 Million ≈ $384.41 Million	0.264x	--

About National Bank of Canada

TO:NA Canada Banks - Diversified

Market Cap

$56.01 Billion

CA$77.42 Billion CAD

Market Cap Rank

#470 Global

#19 in Canada

Share Price

CA$200.00

Change (1 day)

-0.64%

52-Week Range

CA$133.50 - CA$213.38

All Time High

CA$213.38