Bank Of Nova Stock Debt To Equity
| BNS Stock | CAD 68.87 0.01 0.01% |
Bank of Nova fundamentals help investors to digest information that contributes to Bank of Nova Scotia's financial success or failures. It also enables traders to predict the movement of Bank Stock. The fundamental analysis module provides a way to measure Bank of Nova Scotia's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Bank of Nova Scotia stock.
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Bank of Nova Company Debt To Equity Analysis
Bank of Nova Scotia's Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
Current Bank of Nova Scotia Debt To Equity | 0.14 % |
Most of Bank of Nova Scotia's fundamental indicators, such as Debt To Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Bank of Nova is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.
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According to the company disclosure, Bank of Nova has a Debt To Equity of 0.14%. This is 99.57% lower than that of the Banks sector and significantly higher than that of the Financials industry. The debt to equity for all Canada stocks is 99.71% higher than that of the company.
Bank Debt To Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Bank of Nova Scotia's direct or indirect competition against its Debt To Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Bank of Nova Scotia could also be used in its relative valuation, which is a method of valuing Bank of Nova Scotia by comparing valuation metrics of similar companies.Bank of Nova Scotia is currently under evaluation in debt to equity category among its peers.
Bank Fundamentals
| Return On Equity | 0.0801 | ||||
| Return On Asset | 0.0047 | ||||
| Profit Margin | 0.23 % | ||||
| Operating Margin | 0.25 % | ||||
| Current Valuation | (67.01 B) | ||||
| Shares Outstanding | 1.25 B | ||||
| Shares Owned By Insiders | 0.01 % | ||||
| Shares Owned By Institutions | 49.35 % | ||||
| Number Of Shares Shorted | 23.92 M | ||||
| Price To Earning | 13.40 X | ||||
| Price To Book | 1.15 X | ||||
| Price To Sales | 2.97 X | ||||
| Revenue | 33.62 B | ||||
| Gross Profit | 28.86 B | ||||
| EBITDA | 11.46 B | ||||
| Net Income | 7.76 B | ||||
| Cash And Equivalents | 383.37 B | ||||
| Cash Per Share | 321.37 X | ||||
| Total Debt | 103.38 B | ||||
| Debt To Equity | 0.14 % | ||||
| Book Value Per Share | 68.08 X | ||||
| Cash Flow From Operations | 15.65 B | ||||
| Short Ratio | 6.28 X | ||||
| Earnings Per Share | 4.85 X | ||||
| Price To Earnings To Growth | 1.39 X | ||||
| Target Price | 79.2 | ||||
| Number Of Employees | 88.72 K | ||||
| Beta | 1.02 | ||||
| Market Capitalization | 85.77 B | ||||
| Total Asset | 1.41 T | ||||
| Retained Earnings | 57.75 B | ||||
| Annual Yield | 0.06 % | ||||
| Five Year Return | 4.81 % | ||||
| Net Asset | 1.41 T | ||||
| Last Dividend Paid | 4.24 |
About Bank of Nova Scotia Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Bank of Nova's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bank of Nova Scotia using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bank of Nova based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Bank of Nova Scotia
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bank of Nova Scotia position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bank of Nova Scotia will appreciate offsetting losses from the drop in the long position's value.Moving against Bank Stock
The ability to find closely correlated positions to Bank of Nova Scotia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of Nova Scotia when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bank of Nova Scotia - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bank of Nova to buy it.
The correlation of Bank of Nova Scotia is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bank of Nova Scotia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank of Nova Scotia moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bank of Nova Scotia can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Nova. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.