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 debt repayment capacity of National Bank of Canada to assess how comfortably operating cash covers total debt obligations.
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. For the full cash flow conversion analysis, see NA cash flow metrics.
Annual Cash Flow Quality Index for National Bank of Canada (1993–2025)
Year-by-year earnings quality comparison for National Bank of Canada.
| 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 | — |