National Bank of Canada (NA) — Cash Flow Quality Index
National Bank of Canada (NA) has a Cash Flow Quality Index of -0.55x as of January 2026. Operating cash flow of CA$-688.00 Million is below net income of CA$1.25 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore National Bank of Canada (NA) investment intensity to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
National Bank of Canada Cash Flow Quality Index (1993–2025)
Historical Cash Flow Quality Index for National Bank of Canada across 33 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check tangible net worth ratio of National Bank of Canada to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for National Bank of Canada (1993–2025)
Year-by-year earnings quality comparison for National Bank of Canada. For live market cap and the full company financial profile, see National Bank of Canada market cap and net worth.
| Year | Quality Index | Operating CF (CAD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.15x | CA$4.63 Billion | CA$4.02 Billion | ▼ -5.3% |
| 2024 | 1.22x | CA$4.65 Billion | CA$3.82 Billion | ▼ -21.3% |
| 2023 | 1.55x | CA$5.17 Billion | CA$3.34 Billion | ▲ +372.6% |
| 2022 | -0.57x | CA$-1.92 Billion | CA$3.38 Billion | ▼ -129.5% |
| 2021 | 1.92x | CA$6.04 Billion | CA$3.14 Billion | ▼ -80.0% |
| 2020 | 9.59x | CA$19.98 Billion | CA$2.08 Billion | ▲ +169.0% |
| 2019 | 3.57x | CA$8.28 Billion | CA$2.32 Billion | ▲ +35.7% |
| 2018 | 2.63x | CA$5.86 Billion | CA$2.23 Billion | ▲ +249.6% |
| 2017 | 0.75x | CA$1.52 Billion | CA$2.02 Billion | ▼ -82.6% |
| 2016 | 4.33x | CA$5.44 Billion | CA$1.26 Billion | ▲ +10.0% |
| 2015 | 3.94x | CA$6.38 Billion | CA$1.62 Billion | ▲ +39.5% |
| 2014 | 2.82x | CA$4.15 Billion | CA$1.47 Billion | ▲ +487.7% |
| 2013 | 0.48x | CA$696.00 Million | CA$1.45 Billion | ▼ -59.6% |
| 2012 | 1.19x | CA$1.94 Billion | CA$1.63 Billion | ▼ -25.8% |
| 2011 | 1.60x | CA$2.08 Billion | CA$1.30 Billion | ▲ +130.3% |
| 2010 | -5.30x | CA$-5.48 Billion | CA$1.03 Billion | ▼ -1125.9% |
| 2009 | -0.43x | CA$-369.00 Million | CA$854.00 Million | ▲ +78.4% |
| 2008 | -2.00x | CA$-1.55 Billion | CA$776.00 Million | ▼ -141.2% |
| 2007 | 4.85x | CA$2.63 Billion | CA$541.00 Million | ▲ +275.9% |
| 2006 | -2.76x | CA$-2.40 Billion | CA$871.00 Million | ▲ +57.9% |
| 2005 | -6.55x | CA$-5.60 Billion | CA$855.00 Million | ▼ -1785.1% |
| 2004 | 0.39x | CA$282.00 Million | CA$725.00 Million | ▲ +105.1% |
| 2003 | -7.57x | CA$-4.72 Billion | CA$624.00 Million | ▼ -121.8% |
| 2002 | -3.41x | CA$-1.46 Billion | CA$429.00 Million | ▼ -79.9% |
| 2001 | -1.90x | CA$-1.07 Billion | CA$563.00 Million | ▼ -196.4% |
| 2000 | 1.97x | CA$1.00 Billion | CA$509.00 Million | ▲ +31.3% |
| 1999 | 1.50x | CA$625.00 Million | CA$417.00 Million | ▲ +51.3% |
| 1998 | 0.99x | CA$313.00 Million | CA$316.00 Million | ▼ -78.5% |
| 1997 | 4.60x | CA$1.57 Billion | CA$342.00 Million | ▲ +1989.4% |
| 1996 | 0.22x | CA$70.00 Million | CA$318.00 Million | ▼ -94.6% |
| 1995 | 4.09x | CA$1.00 Billion | CA$245.00 Million | ▲ +129.4% |
| 1994 | 1.78x | CA$387.70 Million | CA$217.20 Million | ▼ -41.4% |
| 1993 | 3.04x | CA$531.40 Million | CA$174.60 Million | — |