Bank of Nova Scotia (TSX:BNS.PR.E.PFD) Cash-to-Debt : 0.21 (As of Oct. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Bank of Nova Scotia Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Bank of Nova Scotia's cash to debt ratio for the quarter that ended in Oct. 2024 was 0.21.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Bank of Nova Scotia couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2024.

The historical rank and industry rank for Bank of Nova Scotia's Cash-to-Debt or its related term are showing as below:

TSX:BNS.PR.E.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 0.27 Max: 0.35
Current: 0.21

During the past 13 years, Bank of Nova Scotia's highest Cash to Debt Ratio was 0.35. The lowest was 0.18. And the median was 0.27.

TSX:BNS.PR.E.PFD's Cash-to-Debt is ranked worse than
87.53% of 1499 companies
in the Banks industry
Industry Median: 1.29 vs TSX:BNS.PR.E.PFD: 0.21

Bank of Nova Scotia Cash-to-Debt Historical Data

The historical data trend for Bank of Nova Scotia's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Bank of Nova Scotia Cash-to-Debt Chart

Bank of Nova Scotia Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Cash-to-Debt

Get a 7-Day Free Trial

0.35

0.21

0.29

0.21

Bank of Nova Scotia Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Cash-to-Debt	Get a 7-Day Free Trial															0.29	0.22	0.19	0.19	0.21

Competitive Comparison of Bank of Nova Scotia's Cash-to-Debt

For the Banks - Diversified subindustry, Bank of Nova Scotia's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Bank of Nova Scotia's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank of Nova Scotia's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Bank of Nova Scotia's Cash-to-Debt falls into.

Bank of Nova Scotia Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Bank of Nova Scotia's Cash to Debt Ratio for the fiscal year that ended in Oct. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	63860	/	(103383	+	197290)
	=	0.21

Bank of Nova Scotia's Cash to Debt Ratio for the quarter that ended in Oct. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	63860	/	(103383	+	197290)
	=	0.21

Bank of Nova Scotia (TSX:BNS.PR.E.PFD) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Bank of Nova Scotia Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Bank of Nova Scotia's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Bank of Nova Scotia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Nova Scotia (TSX:BNS.PR.E.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BNS:USA BNS:Mexico 0UKI:UK BKN:Germany BKN:Germany BNS:Canada

Address

1709 Hollis Street, Scotia Plaza, 8th floor, Halifax, NS, CAN, B3J 1W1

Website

https://www.scotiabank.com

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The bank's international operations span numerous countries and are more concentrated in Central and South America.

Bank of Nova Scotia Headlines

No Headlines