Bank Net Invested Capital vs Net Debt Analysis

BNS Stock

USD 46.56 0.33 0.71%

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 Net Invested Capital and its Net Debt 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 tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Net Invested Capital vs Net Debt

Net Invested Capital vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bank of Nova Scotia Net Invested Capital account and Net Debt. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Bank of Nova Scotia's Net Invested Capital and Net Debt is 0.93. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Debt 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 Net Invested Capital and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Bank of Nova are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Invested Capital i.e., Bank of Nova Scotia's Net Invested Capital and Net Debt go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

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 tightly coupled 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	31.8B	20.9B

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		0.52	0.7	0.91	0.66	0.52	0.88	0.14	0.91	0.72	0.53	0.81	0.56	0.25	0.39	0.47	0.7	1.0	0.62	0.85	0.94	-0.06	-0.3	0.95	0.8	0.29
Short Long Term Debt Total	0.52		0.83	0.38	0.87	0.99	0.39	0.21	0.49	0.73	0.66	0.37	0.79	0.35	0.31	0.86	0.05	0.52	0.97	0.66	0.52	-0.12	-0.06	0.54	0.54	0.44
Total Current Liabilities	0.7	0.83		0.58	0.81	0.82	0.56	0.25	0.64	0.83	0.7	0.51	0.77	0.4	0.41	0.69	0.4	0.71	0.83	0.85	0.72	-0.15	-0.11	0.69	0.68	0.43
Total Stockholder Equity	0.91	0.38	0.58		0.5	0.37	0.98	0.45	0.96	0.64	0.26	0.52	0.52	0.52	0.49	0.48	0.63	0.9	0.45	0.72	0.79	0.21	0.05	0.8	0.9	0.52
Property Plant And Equipment Net	0.66	0.87	0.81	0.5		0.83	0.48	0.17	0.65	0.88	0.72	0.52	0.86	0.3	0.44	0.71	0.39	0.67	0.95	0.8	0.55	-0.18	-0.11	0.69	0.61	0.31
Net Debt	0.52	0.99	0.82	0.37	0.83		0.39	0.19	0.47	0.68	0.68	0.39	0.72	0.32	0.23	0.83	0.03	0.52	0.95	0.65	0.54	-0.17	-0.08	0.55	0.52	0.43
Retained Earnings	0.88	0.39	0.56	0.98	0.48	0.39		0.43	0.95	0.6	0.23	0.5	0.52	0.5	0.49	0.49	0.53	0.87	0.46	0.75	0.77	0.26	0.04	0.76	0.86	0.52
Accounts Payable	0.14	0.21	0.25	0.45	0.17	0.19	0.43		0.42	0.34	-0.27	-0.46	0.43	0.98	0.34	0.52	-0.01	0.12	0.15	0.05	-0.03	0.52	0.89	0.03	0.7	0.92
Cash	0.91	0.49	0.64	0.96	0.65	0.47	0.95	0.42		0.71	0.35	0.55	0.65	0.51	0.47	0.57	0.61	0.91	0.59	0.81	0.76	0.16	0.03	0.79	0.89	0.5
Non Current Assets Total	0.72	0.73	0.83	0.64	0.88	0.68	0.6	0.34	0.71		0.49	0.46	0.92	0.46	0.74	0.7	0.53	0.72	0.8	0.75	0.62	0.12	0.01	0.7	0.75	0.43
Non Currrent Assets Other	0.53	0.66	0.7	0.26	0.72	0.68	0.23	-0.27	0.35	0.49		0.66	0.38	-0.15	-0.02	0.33	0.47	0.54	0.72	0.66	0.57	-0.74	-0.5	0.59	0.25	-0.15
Other Assets	0.81	0.37	0.51	0.52	0.52	0.39	0.5	-0.46	0.55	0.46	0.66		0.27	-0.35	0.13	0.15	0.63	0.82	0.5	0.72	0.86	-0.39	-0.8	0.84	0.3	-0.27
Cash And Short Term Investments	0.56	0.79	0.77	0.52	0.86	0.72	0.52	0.43	0.65	0.92	0.38	0.27		0.55	0.69	0.83	0.28	0.56	0.81	0.68	0.46	0.25	0.17	0.51	0.69	0.55
Net Receivables	0.25	0.35	0.4	0.52	0.3	0.32	0.5	0.98	0.51	0.46	-0.15	-0.35	0.55		0.38	0.61	0.04	0.23	0.28	0.2	0.08	0.48	0.83	0.14	0.78	0.95
Common Stock Shares Outstanding	0.39	0.31	0.41	0.49	0.44	0.23	0.49	0.34	0.47	0.74	-0.02	0.13	0.69	0.38		0.43	0.33	0.38	0.35	0.42	0.31	0.57	0.17	0.31	0.48	0.32
Non Current Liabilities Total	0.47	0.86	0.69	0.48	0.71	0.83	0.49	0.52	0.57	0.7	0.33	0.15	0.83	0.61	0.43		0.01	0.47	0.8	0.53	0.41	0.25	0.26	0.42	0.68	0.67
Other Stockholder Equity	0.7	0.05	0.4	0.63	0.39	0.03	0.53	-0.01	0.61	0.53	0.47	0.63	0.28	0.04	0.33	0.01		0.7	0.19	0.56	0.59	-0.26	-0.28	0.62	0.51	-0.08
Total Liab	1.0	0.52	0.71	0.9	0.67	0.52	0.87	0.12	0.91	0.72	0.54	0.82	0.56	0.23	0.38	0.47	0.7		0.63	0.85	0.94	-0.07	-0.32	0.96	0.79	0.28
Property Plant And Equipment Gross	0.62	0.97	0.83	0.45	0.95	0.95	0.46	0.15	0.59	0.8	0.72	0.5	0.81	0.28	0.35	0.8	0.19	0.63		0.75	0.58	-0.17	-0.15	0.67	0.57	0.34
Total Current Assets	0.85	0.66	0.85	0.72	0.8	0.65	0.75	0.05	0.81	0.75	0.66	0.72	0.68	0.2	0.42	0.53	0.56	0.85	0.75		0.8	-0.13	-0.31	0.79	0.64	0.22
Short Term Debt	0.94	0.52	0.72	0.79	0.55	0.54	0.77	-0.03	0.76	0.62	0.57	0.86	0.46	0.08	0.31	0.41	0.59	0.94	0.58	0.8		-0.13	-0.47	0.92	0.64	0.18
Other Current Assets	-0.06	-0.12	-0.15	0.21	-0.18	-0.17	0.26	0.52	0.16	0.12	-0.74	-0.39	0.25	0.48	0.57	0.25	-0.26	-0.07	-0.17	-0.13	-0.13		0.53	-0.18	0.24	0.52
Other Current Liab	-0.3	-0.06	-0.11	0.05	-0.11	-0.08	0.04	0.89	0.03	0.01	-0.5	-0.8	0.17	0.83	0.17	0.26	-0.28	-0.32	-0.15	-0.31	-0.47	0.53		-0.39	0.33	0.73
Other Liab	0.95	0.54	0.69	0.8	0.69	0.55	0.76	0.03	0.79	0.7	0.59	0.84	0.51	0.14	0.31	0.42	0.62	0.96	0.67	0.79	0.92	-0.18	-0.39		0.71	0.19
Net Tangible Assets	0.8	0.54	0.68	0.9	0.61	0.52	0.86	0.7	0.89	0.75	0.25	0.3	0.69	0.78	0.48	0.68	0.51	0.79	0.57	0.64	0.64	0.24	0.33	0.71		0.76
Long Term Debt	0.29	0.44	0.43	0.52	0.31	0.43	0.52	0.92	0.5	0.43	-0.15	-0.27	0.55	0.95	0.32	0.67	-0.08	0.28	0.34	0.22	0.18	0.52	0.73	0.19	0.76

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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	7.4B	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	250.6B	288.2B	302.6B
Non Currrent Assets Other	(2.2B)	(2.1B)	(1.9B)	(3.5B)	(3.2B)	(3.3B)
Other Assets	775.1B	765.0B	817.5B	978.0B	1.0T	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	195.3B	224.6B	235.9B
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	401.1B
Other Current Liab	(122.7B)	(65.6B)	(92.9B)	(142.7B)	(136.9B)	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

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 together with Bank Stock

0.73	C	Citigroup Earnings Call This Week	Pair Corr
0.94	CM	Canadian Imperial Bank Financial Report 23rd of May 2024	Pair Corr
0.9	NU	Nu Holdings Aggressive Push	Pair Corr
0.76	RY	Royal Bank Financial Report 23rd of May 2024	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Bank of Nova Scotia is a strong investment it is important to analyze Bank of Nova Scotia's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bank of Nova Scotia's future performance. For an informed investment choice regarding Bank Stock, refer to the following important reports:

How To Invest In Bank

Details

Is Bank Stock a good investment?

Details

What is Bank of Nova Scotia's Net Worth?

Details

Largest Banks - Diversified Companies

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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 tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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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.

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Is Bank of Nova Scotia's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bank of Nova Scotia. If investors know Bank will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bank of Nova Scotia listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.246

Dividend Share

4.21

Earnings Share

4.46

Revenue Per Share

24.448

Quarterly Revenue Growth

0.02

The market value of Bank of Nova Scotia is measured differently than its book value, which is the value of Bank that is recorded on the company's balance sheet. Investors also form their own opinion of Bank of Nova Scotia's value that differs from its market value or its book value, called intrinsic value, which is Bank of Nova Scotia's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bank of Nova Scotia's market value can be influenced by many factors that don't directly affect Bank of Nova Scotia's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Bank of Nova Scotia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bank of Nova Scotia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank of Nova Scotia's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Bank Net Invested Capital vs Net Debt Analysis

Net Invested Capital vs Net Debt

Net Invested Capital vs Net Debt Correlation Analysis

Correlation Coefficient

Net Invested Capital

Net Debt

Bank of Nova Scotia fundamental ratios Correlations

Bank of Nova Scotia Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Bank of Nova Scotia fundamental ratios Accounts

Pair Trading with Bank of Nova Scotia

Moving together with Bank Stock

Complementary Tools for Bank Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Retained Earnings	+ 0.98	Total Stockholder Equity
Net Receivables	+ 0.98	Accounts Payable
Property Plant And Equipment Gross	+ 0.97	Short Long Term Debt Total
Cash	+ 0.96	Total Stockholder Equity

Other Current Liab	- 0.8	Other Assets
Other Current Assets	- 0.74	Non Currrent Assets Other
Other Current Liab	- 0.5	Non Currrent Assets Other
Other Current Liab	- 0.47	Short Term Debt
Other Assets	- 0.46	Accounts Payable
Other Liab	- 0.39	Other Current Liab