National Bank of Canada (NA) — Cash Flow Quality Index
National Bank of Canada (NA) has a Cash Flow Quality Index of 3.06x as of April 2026. Operating cash flow of CA$3.78 Billion exceeds net income of CA$1.23 Billion, indicating high earnings quality where cash backs reported profits. Explore NA cash flow conversion to assess how effectively this company generates cash.
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 National Bank of Canada investment reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
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 stock valuation.
| 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 | — |