Royal Bank of Canada (RY) — Cash Flow Quality Index
Royal Bank of Canada (RY) has a Cash Flow Quality Index of 0.63x as of July 2026. Operating cash flow of CA$3.80 Billion is below net income of CA$6.02 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore cash flow to debt ratio of Royal 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
Royal Bank of Canada Cash Flow Quality Index (1993–2025)
Historical Cash Flow Quality Index for Royal Bank of Canada across 33 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Royal Bank of Canada (RY) cash flow conversion.
Annual Cash Flow Quality Index for Royal Bank of Canada (1993–2025)
Year-by-year earnings quality comparison for Royal Bank of Canada.
| Year | Quality Index | Operating CF (CAD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 2.71x | CA$55.22 Billion | CA$20.37 Billion | ▲ +90.3% |
| 2024 | 1.42x | CA$23.14 Billion | CA$16.24 Billion | ▼ -18.8% |
| 2023 | 1.76x | CA$26.08 Billion | CA$14.86 Billion | ▲ +26.4% |
| 2022 | 1.39x | CA$21.94 Billion | CA$15.81 Billion | ▼ -63.5% |
| 2021 | 3.80x | CA$61.04 Billion | CA$16.05 Billion | ▼ -68.7% |
| 2020 | 12.14x | CA$138.82 Billion | CA$11.44 Billion | ▲ +995.2% |
| 2019 | 1.11x | CA$14.27 Billion | CA$12.87 Billion | ▼ -21.2% |
| 2018 | 1.41x | CA$17.47 Billion | CA$12.43 Billion | ▼ -57.3% |
| 2017 | 3.29x | CA$37.73 Billion | CA$11.47 Billion | ▲ +28.1% |
| 2016 | 2.57x | CA$26.86 Billion | CA$10.46 Billion | ▲ +6.6% |
| 2015 | 2.41x | CA$24.15 Billion | CA$10.03 Billion | ▲ +42.9% |
| 2014 | 1.69x | CA$15.17 Billion | CA$9.00 Billion | ▲ +98.4% |
| 2013 | 0.85x | CA$7.08 Billion | CA$8.34 Billion | ▲ +487.1% |
| 2012 | -0.22x | CA$-1.65 Billion | CA$7.51 Billion | ▼ -131.6% |
| 2011 | 0.70x | CA$4.48 Billion | CA$6.44 Billion | ▼ -64.7% |
| 2010 | 1.97x | CA$11.29 Billion | CA$5.73 Billion | ▲ +51.2% |
| 2009 | 1.30x | CA$7.40 Billion | CA$5.68 Billion | ▼ -48.1% |
| 2008 | 2.51x | CA$11.43 Billion | CA$4.56 Billion | ▼ -38.7% |
| 2007 | 4.10x | CA$22.50 Billion | CA$5.49 Billion | ▲ +236.3% |
| 2006 | -3.01x | CA$-14.30 Billion | CA$4.76 Billion | ▲ +65.0% |
| 2005 | -8.59x | CA$-29.53 Billion | CA$3.44 Billion | ▼ -1444.9% |
| 2004 | 0.64x | CA$1.93 Billion | CA$3.02 Billion | ▲ +119.5% |
| 2003 | -3.27x | CA$-9.67 Billion | CA$2.96 Billion | ▼ -198.5% |
| 2002 | -1.10x | CA$-3.03 Billion | CA$2.76 Billion | ▲ +63.3% |
| 2001 | -2.99x | CA$-7.20 Billion | CA$2.41 Billion | ▲ +42.8% |
| 2000 | -5.22x | CA$-11.87 Billion | CA$2.27 Billion | ▼ -284.1% |
| 1999 | 2.84x | CA$4.89 Billion | CA$1.73 Billion | ▲ +215.1% |
| 1998 | -2.46x | CA$-4.36 Billion | CA$1.77 Billion | ▼ -201.1% |
| 1997 | 2.43x | CA$4.03 Billion | CA$1.65 Billion | ▲ +251.4% |
| 1996 | -1.61x | CA$-2.30 Billion | CA$1.43 Billion | ▼ -252.6% |
| 1995 | 1.05x | CA$1.33 Billion | CA$1.26 Billion | ▼ -30.9% |
| 1994 | 1.53x | CA$1.78 Billion | CA$1.17 Billion | ▼ -70.9% |
| 1993 | 5.24x | CA$1.57 Billion | CA$300.00 Million | — |