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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 Jul. 2024 was 0.19.
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 Jul. 2024.
The historical rank and industry rank for Bank of Nova Scotia's Cash-to-Debt or its related term are showing as below:
During the past 13 years, Bank of Nova Scotia's highest Cash to Debt Ratio was 11.54. The lowest was 0.18. And the median was 0.30.
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.
Bank of Nova Scotia Annual Data | |||||||||||||||||||||
Trend | Oct14 | Oct15 | Oct16 | Oct17 | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | |||||||||||
Cash-to-Debt | Get a 7-Day Free Trial |
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0.18 | 0.35 | 0.35 | 0.21 | 0.29 |
Bank of Nova Scotia Quarterly Data | ||||||||||||||||||||
Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | Apr24 | Jul24 | |
Cash-to-Debt | Get a 7-Day Free Trial |
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0.28 | 0.29 | 0.22 | 0.19 | 0.19 |
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.
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.
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. 2023 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) | |
= | 90312 | / | (119931 | + | 193882) | |
= | 0.29 |
Bank of Nova Scotia's Cash to Debt Ratio for the quarter that ended in Jul. 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) | |
= | 58329 | / | (110448 | + | 189855) | |
= | 0.19 |
* 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 (TSX:BNS.PR.D.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.
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.
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