National Bank of Canada Cash Flow Conversion Efficiency

Latest as of April 2026: 0.113x

National Bank of Canada cash flow conversion efficiency. Based on the latest financial reports, National Bank of Canada (NA) has a cash flow conversion efficiency ratio of 0.113x as of April 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$3.78 Billion ≈ $2.73 Billion USD) by net assets (CA$33.58 Billion ≈ $24.29 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.

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

Cash flow conversion efficiency of National Bank of Canada from 1993 to 2025. This chart illustrates how National Bank of Canada's cash flow conversion efficiency has evolved over time, based on yearly financial data. View today's stock price for National Bank of Canada for real-time trading data and today's change.

National Bank of Canada Cash Flow Conversion Ratio Explained

National Bank of Canada cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.

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. Also see NA company net worth for the company's overall valuation and market capitalisation.

Company	Cash Flow Conversion Efficiency
Truist Financial Corp NYSE:TFC	0.011x
Arthur J Gallagher & Co NYSE:AJG	0.000x
Occidental Petroleum Corporation NYSE:OXY	0.101x
Lumentum Holdings Inc NASDAQ:LITE	0.044x
Aflac Incorporated NYSE:AFL	0.043x
Larsen & Toubro Limited NSE:LT	0.030x
Vale S.A F:CVLB	0.050x
NXP Semiconductors NV NASDAQ:NXPI	0.073x

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. Review free cash flow generation of National Bank of Canada to assess how much free cash flow the company generates relative to operating cash flow.

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

$59.35 Billion

CA$82.04 Billion CAD

Market Cap Rank

#459 Global

#18 in Canada

Share Price

CA$213.01

Change (1 day)

-0.56%

52-Week Range

CA$156.88 - CA$235.32

All Time High

CA$235.32