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Bank of Nova Scotia Debt-to-Equity

: 0.09 (As of Jul. 2021)
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Bank of Nova Scotia's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2021 was $0 Mil. Bank of Nova Scotia's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2021 was $5,122 Mil. Bank of Nova Scotia's Total Stockholders Equity for the quarter that ended in Jul. 2021 was $55,881 Mil. Bank of Nova Scotia's debt to equity for the quarter that ended in Jul. 2021 was 0.09.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

NYSE:BNS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09   Med: 0.27   Max: 4.59
Current: 0.09

0.09
4.59

During the past 13 years, the highest Debt-to-Equity Ratio of Bank of Nova Scotia was 4.59. The lowest was 0.09. And the median was 0.27.

NYSE:BNS's Debt-to-Equity is ranked higher than
90% of the 1386 Companies
in the Banks industry.

( Industry Median: 0.55 vs. NYSE:BNS: 0.09 )

Bank of Nova Scotia Debt-to-Equity Historical Data

The historical data trend for Bank of Nova Scotia's Debt-to-Equity 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.

* Premium members only.

Bank of Nova Scotia Annual Data
Trend Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20
Debt-to-Equity
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.95 3.62 3.63 3.76 3.21

Bank of Nova Scotia Quarterly Data
Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21
Debt-to-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.45 3.21 3.09 3.07 0.09

Competitive Comparison

For the Banks - Diversified subindustry, Bank of Nova Scotia's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution

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

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



Bank of Nova Scotia Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bank of Nova Scotia's Debt to Equity Ratio for the fiscal year that ended in Oct. 2020 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(43349.22075957 + 122125.88893933) / 51541.080344984
=3.21

Bank of Nova Scotia's Debt to Equity Ratio for the quarter that ended in Jul. 2021 is calculated as

* 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.


Bank of Nova Scotia  (NYSE:BNS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Bank of Nova Scotia Debt-to-Equity Related Terms

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


Bank of Nova Scotia Business Description

Bank of Nova Scotia logo
Industry
Financial Services » Banks NAICS : 522110 SIC : 7029
Address
1709 Hollis Street, Bank of Nova Scotia Building, Halifax, NS, CAN, B3J 3B7
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

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