Bank Ev To Free Cash Flow vs Change In Cash Analysis

BNS Stock

USD 57.02 0.30 0.53%

Bank of Nova Scotia financial indicator trend analysis is way more than just evaluating Bank of Nova Scotia prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bank of Nova Scotia is a good investment. Please check the relationship between Bank of Nova Scotia Ev To Free Cash Flow and its Change In Cash accounts. 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.

Ev To Free Cash Flow vs Change In Cash

Ev To Free Cash Flow vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bank of Nova Scotia Ev To Free Cash Flow account and Change In Cash. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Bank of Nova Scotia's Ev To Free Cash Flow and Change In Cash is -0.13. Overlapping area represents the amount of variation of Ev To Free Cash Flow that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Bank of Nova, assuming nothing else is changed. The correlation between historical values of Bank of Nova Scotia's Ev To Free Cash Flow and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ev To Free Cash Flow of Bank of Nova are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Ev To Free Cash Flow i.e., Bank of Nova Scotia's Ev To Free Cash Flow and Change In Cash go up and down completely randomly.

Correlation Coefficient

-0.13

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Ev To Free Cash Flow

A valuation metric comparing the company's enterprise value to its free cash flow, used to evaluate whether a company is undervalued or overvalued.

Change In Cash

Most indicators from Bank of Nova Scotia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bank of Nova Scotia current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.

At this time, Bank of Nova Scotia's Selling General Administrative is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 1.9 B in 2024, whereas Tax Provision is likely to drop slightly above 2.5 B in 2024.

	2020	2021	2022	2024 (projected)
Gross Profit	30.9B	31.1B	31.8B	19.4B
Total Revenue	30.9B	31.1B	29.3B	20.8B

Gross Profit Total Revenue

Bank of Nova Scotia fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Current Assets	Other Current Liab	Other Liab	Net Tangible Assets	Long Term Debt
Total Assets		0.62	0.7	0.91	0.66	0.52	0.88	0.14	0.91	0.31	0.22	0.49	0.56	0.25	0.39	0.29	0.7	1.0	0.62	0.85	0.94	-0.21	-0.15	0.95	0.8	0.29
Short Long Term Debt Total	0.62		0.87	0.52	0.86	0.94	0.52	0.34	0.61	0.81	-0.35	0.11	0.85	0.46	0.43	0.82	0.18	0.62	0.93	0.7	0.61	0.19	0.18	0.62	0.68	0.54
Total Current Liabilities	0.7	0.87		0.58	0.81	0.82	0.56	0.25	0.64	0.72	-0.14	0.27	0.77	0.4	0.41	0.71	0.4	0.71	0.83	0.85	0.72	0.06	0.01	0.69	0.68	0.43
Total Stockholder Equity	0.91	0.52	0.58		0.5	0.37	0.98	0.45	0.96	0.26	0.21	0.33	0.52	0.52	0.49	0.26	0.63	0.9	0.45	0.72	0.79	-0.3	0.17	0.8	0.9	0.52
Property Plant And Equipment Net	0.66	0.86	0.81	0.5		0.83	0.48	0.17	0.65	0.73	-0.22	0.31	0.86	0.3	0.44	0.71	0.39	0.67	0.95	0.8	0.55	0.17	0.03	0.69	0.61	0.31
Net Debt	0.52	0.94	0.82	0.37	0.83		0.39	0.19	0.47	0.79	-0.36	0.09	0.72	0.32	0.23	0.8	0.03	0.52	0.95	0.65	0.54	0.19	0.1	0.55	0.52	0.43
Retained Earnings	0.88	0.52	0.56	0.98	0.48	0.39		0.43	0.95	0.26	0.17	0.28	0.52	0.5	0.49	0.25	0.53	0.87	0.46	0.75	0.77	-0.23	0.17	0.76	0.86	0.52
Accounts Payable	0.14	0.34	0.25	0.45	0.17	0.19	0.43		0.42	0.42	-0.21	-0.32	0.43	0.98	0.34	0.44	-0.01	0.12	0.15	0.05	-0.03	-0.29	0.9	0.03	0.7	0.92
Cash	0.91	0.61	0.64	0.96	0.65	0.47	0.95	0.42		0.38	0.09	0.28	0.65	0.51	0.47	0.37	0.61	0.91	0.59	0.81	0.76	-0.24	0.15	0.79	0.89	0.5
Non Current Assets Total	0.31	0.81	0.72	0.26	0.73	0.79	0.26	0.42	0.38		-0.69	-0.33	0.78	0.52	0.36	1.0	0.13	0.31	0.72	0.49	0.25	0.25	0.21	0.21	0.51	0.56
Non Currrent Assets Other	0.22	-0.35	-0.14	0.21	-0.22	-0.36	0.17	-0.21	0.09	-0.69		0.7	-0.46	-0.22	-0.25	-0.7	0.3	0.21	-0.25	0.07	0.19	-0.55	-0.13	0.33	0.01	-0.32
Other Assets	0.49	0.11	0.27	0.33	0.31	0.09	0.28	-0.32	0.28	-0.33	0.7		0.04	-0.27	0.14	-0.36	0.47	0.5	0.27	0.4	0.51	-0.17	-0.29	0.67	0.17	-0.36
Cash And Short Term Investments	0.56	0.85	0.77	0.52	0.86	0.72	0.52	0.43	0.65	0.78	-0.46	0.04		0.55	0.69	0.77	0.28	0.56	0.81	0.68	0.46	0.32	0.26	0.51	0.69	0.55
Net Receivables	0.25	0.46	0.4	0.52	0.3	0.32	0.5	0.98	0.51	0.52	-0.22	-0.27	0.55		0.38	0.54	0.04	0.23	0.28	0.2	0.08	-0.26	0.86	0.14	0.78	0.95
Common Stock Shares Outstanding	0.39	0.43	0.41	0.49	0.44	0.23	0.49	0.34	0.47	0.36	-0.25	0.14	0.69	0.38		0.33	0.33	0.38	0.35	0.42	0.31	0.53	0.21	0.31	0.48	0.32
Non Current Liabilities Total	0.29	0.82	0.71	0.26	0.71	0.8	0.25	0.44	0.37	1.0	-0.7	-0.36	0.77	0.54	0.33		0.07	0.29	0.72	0.46	0.24	0.24	0.24	0.19	0.51	0.59
Other Stockholder Equity	0.7	0.18	0.4	0.63	0.39	0.03	0.53	-0.01	0.61	0.13	0.3	0.47	0.28	0.04	0.33	0.07		0.7	0.19	0.56	0.59	-0.31	-0.34	0.62	0.51	-0.08
Total Liab	1.0	0.62	0.71	0.9	0.67	0.52	0.87	0.12	0.91	0.31	0.21	0.5	0.56	0.23	0.38	0.29	0.7		0.63	0.85	0.94	-0.2	-0.16	0.96	0.79	0.28
Property Plant And Equipment Gross	0.62	0.93	0.83	0.45	0.95	0.95	0.46	0.15	0.59	0.72	-0.25	0.27	0.81	0.28	0.35	0.72	0.19	0.63		0.75	0.58	0.21	0.06	0.67	0.57	0.34
Total Current Assets	0.85	0.7	0.85	0.72	0.8	0.65	0.75	0.05	0.81	0.49	0.07	0.4	0.68	0.2	0.42	0.46	0.56	0.85	0.75		0.8	0.04	-0.18	0.79	0.64	0.22
Short Term Debt	0.94	0.61	0.72	0.79	0.55	0.54	0.77	-0.03	0.76	0.25	0.19	0.51	0.46	0.08	0.31	0.24	0.59	0.94	0.58	0.8		-0.12	-0.31	0.92	0.64	0.18
Other Current Assets	-0.21	0.19	0.06	-0.3	0.17	0.19	-0.23	-0.29	-0.24	0.25	-0.55	-0.17	0.32	-0.26	0.53	0.24	-0.31	-0.2	0.21	0.04	-0.12		-0.21	-0.2	-0.33	-0.18
Other Current Liab	-0.15	0.18	0.01	0.17	0.03	0.1	0.17	0.9	0.15	0.21	-0.13	-0.29	0.26	0.86	0.21	0.24	-0.34	-0.16	0.06	-0.18	-0.31	-0.21		-0.17	0.44	0.78
Other Liab	0.95	0.62	0.69	0.8	0.69	0.55	0.76	0.03	0.79	0.21	0.33	0.67	0.51	0.14	0.31	0.19	0.62	0.96	0.67	0.79	0.92	-0.2	-0.17		0.71	0.19
Net Tangible Assets	0.8	0.68	0.68	0.9	0.61	0.52	0.86	0.7	0.89	0.51	0.01	0.17	0.69	0.78	0.48	0.51	0.51	0.79	0.57	0.64	0.64	-0.33	0.44	0.71		0.76
Long Term Debt	0.29	0.54	0.43	0.52	0.31	0.43	0.52	0.92	0.5	0.56	-0.32	-0.36	0.55	0.95	0.32	0.59	-0.08	0.28	0.34	0.22	0.18	-0.18	0.78	0.19	0.76

Click cells to compare fundamentals

Bank of Nova Scotia Account Relationship Matchups

Bank of Nova Scotia fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1T	1.1T	1.2T	1.3T	1.4T	638.6B
Short Long Term Debt Total	68.2B	245.7B	310.9B	313.8B	360.9B	378.9B
Total Current Liabilities	65.6B	92.9B	142.7B	136.9B	157.4B	165.3B
Total Stockholder Equity	67.5B	68.1B	70.8B	73.2B	76.9B	40.6B
Property Plant And Equipment Net	5.9B	5.6B	5.7B	5.6B	6.5B	6.8B
Net Debt	(69.1B)	159.3B	245.0B	223.5B	257.0B	269.9B
Retained Earnings	44.4B	46.3B	51.4B	53.8B	55.7B	28.9B
Accounts Payable	9.2B	8.3B	8.9B	12.6B	17.0B	402.2B
Cash	46.7B	76.5B	86.3B	65.9B	90.3B	44.4B
Non Current Assets Total	246.3B	238.2B	238.7B	1.6T	1.9T	2.0T
Non Currrent Assets Other	(2.2B)	(2.1B)	(1.9B)	(253.3B)	(228.0B)	(216.6B)
Other Assets	775.1B	765.0B	817.5B	978.0B	(380.9B)	15.8B
Cash And Short Term Investments	116.5B	120.1B	119.3B	140.8B	161.9B	170.0B
Net Receivables	7.8B	8.7B	9.1B	13.4B	14.0B	59.0B
Common Stock Shares Outstanding	1.2B	1.2B	1.2B	1.2B	1.4B	1.2B
Liabilities And Stockholders Equity	1.1T	1.2T	1.3T	1.4T	1.6T	1.7T
Non Current Liabilities Total	8.5B	162.8B	142.7B	1.3T	1.5T	1.6T
Other Stockholder Equity	6.8B	7.2B	141M	(5.7B)	773M	(2.9B)
Total Liab	1.0T	1.1T	1.1T	1.3T	1.3T	596.9B
Property Plant And Equipment Gross	5.9B	11.5B	12.2B	10.5B	12.1B	12.7B
Total Current Assets	125.2B	129.1B	132.7B	154.8B	139.4B	72.3B
Short Term Debt	113.5B	57.3B	84.0B	130.1B	119.9B	38.5B
Other Current Assets	336.1B	388.4B	429.5B	475.4B	546.7B	356.2B
Other Current Liab	(122.7B)	(65.6B)	(1.3B)	(464M)	(137.6B)	167.4B
Other Liab	66.3B	71.5B	76.1B	103.1B	68.9B	49.4B
Net Tangible Assets	47.7B	49.1B	53.4B	56.1B	59.4B	71.8B
Long Term Debt	7.3B	7.4B	6.3B	177.4B	190.7B	340.1B
Good Will	9.6B	9.3B	8.8B	8.9B	9.2B	5.7B
Short Term Investments	40.0B	33.7B	53.4B	50.5B	58.1B	32.1B
Inventory	(336.1B)	(388.4B)	(429.5B)	(475.4B)	(427.8B)	(406.4B)
Long Term Investments	221.6B	235.1B	216.0B	216.2B	227.8B	724.0B
Short Long Term Debt	8.0B	57.3B	3.3B	130.1B	119.9B	59.2B
Accumulated Other Comprehensive Income	(1.8B)	(5.1B)	(7.3B)	(7.0B)	(6.3B)	(6.0B)
Intangible Assets	7.8B	7.7B	7.8B	8.0B	8.0B	3.5B
Common Stock	18.3B	18.2B	18.5B	18.7B	20.1B	19M
Property Plant Equipment	5.9B	5.6B	5.7B	5.6B	6.5B	9.6B
Long Term Debt Total	7.3B	10.9B	9.7B	11.8B	13.6B	9.0B
Capital Lease Obligations	3.5B	3.4B	3.3B	3.2B	3.7B	3.9B

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Bank Stock Analysis

When running Bank of Nova Scotia's price analysis, check to measure Bank of Nova Scotia's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bank of Nova Scotia is operating at the current time. Most of Bank of Nova Scotia's value examination focuses on studying past and present price action to predict the probability of Bank of Nova Scotia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of Nova Scotia's price. Additionally, you may evaluate how the addition of Bank of Nova Scotia to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC