Toronto Dominion Bank (TD) — Cash Flow Quality Index
Toronto Dominion Bank (TD) has a Cash Flow Quality Index of -2.39x as of July 2026. Operating cash flow of CA$-11.05 Billion is below net income of CA$4.62 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore Toronto Dominion Bank (TD) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Toronto Dominion Bank Cash Flow Quality Index (1995–2025)
Historical Cash Flow Quality Index for Toronto Dominion Bank across 30 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Toronto Dominion Bank cash conversion from operations.
Annual Cash Flow Quality Index for Toronto Dominion Bank (1995–2025)
Year-by-year earnings quality comparison for Toronto Dominion Bank.
| Year | Quality Index | Operating CF (CAD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | -0.13x | CA$-2.65 Billion | CA$20.54 Billion | ▼ -104.1% |
| 2024 | 3.16x | CA$27.93 Billion | CA$8.84 Billion | ▼ -7.4% |
| 2023 | 3.41x | CA$36.77 Billion | CA$10.78 Billion | ▲ +24.5% |
| 2022 | 2.74x | CA$47.75 Billion | CA$17.43 Billion | ▼ -61.6% |
| 2021 | 7.14x | CA$102.02 Billion | CA$14.30 Billion | ▲ +393.8% |
| 2020 | -2.43x | CA$-28.89 Billion | CA$11.89 Billion | ▼ -124.0% |
| 2019 | 10.14x | CA$118.44 Billion | CA$11.69 Billion | ▲ +980717.5% |
| 2018 | 0.00x | CA$15.00 Million | CA$14.52 Billion | ▼ -99.9% |
| 2017 | 2.05x | CA$26.13 Billion | CA$12.77 Billion | ▼ -39.4% |
| 2016 | 3.38x | CA$37.40 Billion | CA$11.08 Billion | ▼ -8.7% |
| 2015 | 3.70x | CA$35.31 Billion | CA$9.55 Billion | ▲ +34.1% |
| 2014 | 2.76x | CA$25.91 Billion | CA$9.39 Billion | ▼ -21.4% |
| 2013 | 3.51x | CA$27.28 Billion | CA$7.78 Billion | ▲ +102.7% |
| 2012 | 1.73x | CA$13.06 Billion | CA$7.54 Billion | ▼ -23.3% |
| 2011 | 2.26x | CA$16.63 Billion | CA$7.37 Billion | ▲ +240.0% |
| 2010 | 0.66x | CA$3.08 Billion | CA$4.64 Billion | ▼ -91.6% |
| 2009 | 7.90x | CA$24.64 Billion | CA$3.12 Billion | ▲ +51.5% |
| 2008 | 5.21x | CA$19.98 Billion | CA$3.83 Billion | ▲ +411.6% |
| 2007 | 1.02x | CA$4.07 Billion | CA$4.00 Billion | ▲ +173.5% |
| 2006 | -1.39x | CA$-6.38 Billion | CA$4.60 Billion | ▼ -158.7% |
| 2005 | 2.36x | CA$5.26 Billion | CA$2.23 Billion | ▲ +158.5% |
| 2004 | -4.04x | CA$-9.01 Billion | CA$2.23 Billion | ▼ -184.3% |
| 2003 | 4.79x | CA$5.15 Billion | CA$1.08 Billion | ▲ +237.0% |
| 2001 | -3.50x | CA$-4.83 Billion | CA$1.38 Billion | ▲ +39.4% |
| 2000 | -5.77x | CA$-5.91 Billion | CA$1.02 Billion | ▼ -75.3% |
| 1999 | -3.29x | CA$-9.81 Billion | CA$2.98 Billion | ▲ +78.0% |
| 1998 | -14.96x | CA$-16.77 Billion | CA$1.12 Billion | ▼ -101.9% |
| 1997 | -7.41x | CA$-8.06 Billion | CA$1.09 Billion | ▼ -562.0% |
| 1996 | -1.12x | CA$-1.02 Billion | CA$913.98 Million | ▲ +51.4% |
| 1995 | -2.30x | CA$-1.83 Billion | CA$794.00 Million | — |