Royal Bank of Canada (RY) — Cash Flow Quality Index
Royal Bank of Canada (RY) has a Cash Flow Quality Index of -2.72x as of October 2025. Operating cash flow of CA$-14.79 Billion is below net income of CA$5.43 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore RY long-term 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
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. Check Royal Bank of Canada tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Royal Bank of Canada (1993–2025)
Year-by-year earnings quality comparison for Royal Bank of Canada. For live market cap and the full company financial profile, see RY market cap.
| 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 | — |