Bank Balance Sheet Analysis

BNS Stock

CAD 64.12 0.48 0.74%

Most accounts from Bank of Nova Scotia's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts 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 balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Bank of Nova Scotia Valuation and Bank of Nova Scotia Correlation analysis.

At this time, Bank of Nova Scotia's Retained Earnings are very stable compared to the past year. As of the 24th of April 2024, Accounts Payable is likely to grow to about 20.5 B, though Other Current Liabilities is likely to grow to (122 B).

Net Receivables Accounts Payable

	2021	2023	2024 (projected)
Short and Long Term Debt Total	310.9B	357.5B	375.4B
Total Assets	1.3T	1.6T	1.7T

Short Long Term Debt Total Total Assets

Bank of Nova Scotia balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	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	Common Stock Total Equity	Common Stock	Good Will
Total Assets		0.73	-0.76	0.84	0.98	0.88	0.66	0.99	0.92	0.9	0.97	-0.84	1.0	0.93	0.61	0.72	0.73	-0.53	1.0	0.84	0.66	0.85	-0.34	0.81	0.79	0.8
Short Long Term Debt Total	0.73		-0.75	0.82	0.68	0.67	0.99	0.72	0.75	0.71	0.6	-0.45	0.74	0.68	0.33	0.39	0.92	-0.46	0.74	0.78	0.42	0.73	-0.02	0.41	0.41	0.36
Other Current Liab	-0.76	-0.75		-0.97	-0.78	-0.56	-0.74	-0.78	-0.63	-0.58	-0.71	0.7	-0.77	-0.71	-0.56	-0.54	-0.8	0.07	-0.76	-0.58	-0.64	-0.77	0.23	-0.65	-0.66	-0.7
Total Current Liabilities	0.84	0.82	-0.97		0.85	0.66	0.8	0.86	0.77	0.7	0.77	-0.66	0.85	0.77	0.49	0.56	0.84	-0.18	0.84	0.67	0.55	0.83	-0.15	0.63	0.63	0.68
Total Stockholder Equity	0.98	0.68	-0.78	0.85		0.82	0.6	0.99	0.86	0.87	0.98	-0.89	0.98	0.94	0.61	0.78	0.71	-0.41	0.98	0.76	0.72	0.85	-0.44	0.87	0.85	0.86
Property Plant And Equipment Net	0.88	0.67	-0.56	0.66	0.82		0.6	0.88	0.79	0.85	0.86	-0.74	0.87	0.82	0.63	0.46	0.64	-0.72	0.88	0.95	0.58	0.57	-0.08	0.59	0.58	0.62
Net Debt	0.66	0.99	-0.74	0.8	0.6	0.6		0.65	0.68	0.62	0.53	-0.39	0.68	0.59	0.3	0.32	0.9	-0.4	0.66	0.73	0.36	0.7	0.04	0.33	0.34	0.3
Retained Earnings	0.99	0.72	-0.78	0.86	0.99	0.88	0.65		0.87	0.87	0.98	-0.87	0.99	0.93	0.64	0.7	0.74	-0.48	0.99	0.84	0.69	0.83	-0.33	0.82	0.8	0.83
Accounts Payable	0.92	0.75	-0.63	0.77	0.86	0.79	0.68	0.87		0.86	0.81	-0.61	0.91	0.82	0.38	0.58	0.7	-0.57	0.92	0.8	0.46	0.79	-0.18	0.63	0.59	0.59
Cash	0.9	0.71	-0.58	0.7	0.87	0.85	0.62	0.87	0.86		0.84	-0.68	0.88	0.93	0.4	0.66	0.73	-0.6	0.9	0.8	0.63	0.71	-0.33	0.71	0.67	0.64
Non Current Assets Total	0.97	0.6	-0.71	0.77	0.98	0.86	0.53	0.98	0.81	0.84		-0.93	0.96	0.91	0.67	0.75	0.62	-0.48	0.97	0.78	0.72	0.76	-0.44	0.87	0.85	0.86
Non Currrent Assets Other	-0.84	-0.45	0.7	-0.66	-0.89	-0.74	-0.39	-0.87	-0.61	-0.68	-0.93		-0.84	-0.83	-0.79	-0.74	-0.51	0.37	-0.84	-0.65	-0.85	-0.64	0.59	-0.91	-0.91	-0.9
Other Assets	1.0	0.74	-0.77	0.85	0.98	0.87	0.68	0.99	0.91	0.88	0.96	-0.84		0.92	0.62	0.72	0.74	-0.52	1.0	0.84	0.66	0.87	-0.34	0.81	0.79	0.8
Cash And Short Term Investments	0.93	0.68	-0.71	0.77	0.94	0.82	0.59	0.93	0.82	0.93	0.91	-0.83	0.92		0.61	0.74	0.74	-0.43	0.93	0.76	0.8	0.73	-0.47	0.84	0.81	0.78
Net Receivables	0.61	0.33	-0.56	0.49	0.61	0.63	0.3	0.64	0.38	0.4	0.67	-0.79	0.62	0.61		0.48	0.4	-0.4	0.6	0.63	0.78	0.39	-0.39	0.69	0.72	0.7
Common Stock Shares Outstanding	0.72	0.39	-0.54	0.56	0.78	0.46	0.32	0.7	0.58	0.66	0.75	-0.74	0.72	0.74	0.48		0.43	-0.2	0.71	0.37	0.71	0.71	-0.79	0.93	0.92	0.83
Non Current Liabilities Total	0.73	0.92	-0.8	0.84	0.71	0.64	0.9	0.74	0.7	0.73	0.62	-0.51	0.74	0.74	0.4	0.43		-0.37	0.73	0.75	0.54	0.71	-0.09	0.49	0.49	0.49
Other Stockholder Equity	-0.53	-0.46	0.07	-0.18	-0.41	-0.72	-0.4	-0.48	-0.57	-0.6	-0.48	0.37	-0.52	-0.43	-0.4	-0.2	-0.37		-0.53	-0.79	-0.26	-0.29	0.04	-0.28	-0.27	-0.19
Total Liab	1.0	0.74	-0.76	0.84	0.98	0.88	0.66	0.99	0.92	0.9	0.97	-0.84	1.0	0.93	0.6	0.71	0.73	-0.53		0.85	0.66	0.85	-0.34	0.81	0.79	0.8
Property Plant And Equipment Gross	0.84	0.78	-0.58	0.67	0.76	0.95	0.73	0.84	0.8	0.8	0.78	-0.65	0.84	0.76	0.63	0.37	0.75	-0.79	0.85		0.53	0.61	0.01	0.51	0.51	0.53
Total Current Assets	0.66	0.42	-0.64	0.55	0.72	0.58	0.36	0.69	0.46	0.63	0.72	-0.85	0.66	0.8	0.78	0.71	0.54	-0.26	0.66	0.53		0.5	-0.67	0.86	0.88	0.81
Short Term Debt	0.85	0.73	-0.77	0.83	0.85	0.57	0.7	0.83	0.79	0.71	0.76	-0.64	0.87	0.73	0.39	0.71	0.71	-0.29	0.85	0.61	0.5		-0.35	0.7	0.7	0.71
Other Current Assets	-0.34	-0.02	0.23	-0.15	-0.44	-0.08	0.04	-0.33	-0.18	-0.33	-0.44	0.59	-0.34	-0.47	-0.39	-0.79	-0.09	0.04	-0.34	0.01	-0.67	-0.35		-0.78	-0.76	-0.56
Common Stock Total Equity	0.81	0.41	-0.65	0.63	0.87	0.59	0.33	0.82	0.63	0.71	0.87	-0.91	0.81	0.84	0.69	0.93	0.49	-0.28	0.81	0.51	0.86	0.7	-0.78		0.99	0.92
Common Stock	0.79	0.41	-0.66	0.63	0.85	0.58	0.34	0.8	0.59	0.67	0.85	-0.91	0.79	0.81	0.72	0.92	0.49	-0.27	0.79	0.51	0.88	0.7	-0.76	0.99		0.94
Good Will	0.8	0.36	-0.7	0.68	0.86	0.62	0.3	0.83	0.59	0.64	0.86	-0.9	0.8	0.78	0.7	0.83	0.49	-0.19	0.8	0.53	0.81	0.71	-0.56	0.92	0.94

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Bank of Nova Scotia Account Relationship Matchups

Bank of Nova Scotia balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1T	1.2T	1.3T	1.4T	1.6T	1.7T
Other Current Liab	(122.7B)	(65.6B)	(92.9B)	(142.7B)	(128.4B)	(122.0B)
Net Debt	(69.1B)	159.3B	245.0B	220.3B	253.3B	266.0B
Retained Earnings	46.3B	51.4B	53.8B	55.7B	64.1B	67.3B
Accounts Payable	8.3B	8.9B	12.6B	17.0B	19.5B	20.5B
Cash	76.5B	86.3B	65.9B	90.3B	103.9B	109.1B
Other Assets	775.1B	765.0B	817.5B	978.0B	1.1T	1.2T
Net Receivables	8.7B	9.1B	13.4B	7.1B	8.2B	5.4B
Total Liab	1.1T	1.1T	1.3T	1.3T	1.5T	1.6T
Total Current Assets	89.2B	125.2B	129.1B	132.7B	119.4B	77.2B
Short Term Debt	113.5B	57.3B	84.0B	130.1B	149.6B	157.1B
Other Current Assets	35.4B	30.3B	35.0B	45.4B	40.8B	78.3B
Common Stock	18.3B	18.2B	18.5B	18.7B	21.5B	14.9B
Good Will	9.3B	8.8B	8.9B	9.2B	10.6B	7.8B
Intangible Assets	7.7B	7.8B	8.0B	8.0B	9.2B	5.6B
Other Liab	66.3B	71.5B	76.1B	70.6B	81.2B	66.6B
Net Tangible Assets	47.7B	49.1B	53.4B	56.1B	64.5B	49.9B
Long Term Debt	7.4B	6.3B	177.4B	190.7B	219.3B	230.2B
Inventory	372M	301M	257M	274M	246.6M	276.4M
Short Long Term Debt	57.3B	3.3B	130.1B	119.9B	137.9B	98.4B
Long Term Debt Total	7.3B	10.9B	9.7B	11.8B	13.6B	9.0B
Earning Assets	397.0B	436.0B	479.2B	494.5B	568.7B	454.7B
Net Invested Capital	89.1B	93.6B	372.7B	379.5B	436.4B	458.2B

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Bank of Nova Scotia in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Bank of Nova Scotia's short interest history, or implied volatility extrapolated from Bank of Nova Scotia options trading.

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

0.87	WMT	Walmart Inc CDR	Pair Corr
0.81	AMZN	Amazon CDR	Pair Corr
0.8	BRK	Berkshire Hathaway CDR	Pair Corr

Moving against Bank Stock

0.71	UNH	UnitedHealth Group CDR	Pair Corr
0.54	SBUX	Starbucks CDR	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

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Is Bank Stock a good investment?

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What is Bank of Nova Scotia's Net Worth?

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Check out Bank of Nova Scotia Valuation and Bank of Nova Scotia Correlation analysis.

You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.

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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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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 Balance Sheet Analysis

Bank of Nova Scotia balance sheet Correlations

Bank of Nova Scotia Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Bank of Nova Scotia balance sheet Accounts

Pair Trading with Bank of Nova Scotia

Moving together with Bank Stock

Moving against Bank Stock

Complementary Tools for Bank Stock analysis

COMMON DESTINATIONS

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COMPANY

Other Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Liab	+ 1.0	Other Assets
Retained Earnings	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Retained Earnings	+ 0.99	Total Stockholder Equity

Total Current Liabilities	- 0.97	Other Current Liab
Non Currrent Assets Other	- 0.93	Non Current Assets Total
Common Stock	- 0.91	Non Currrent Assets Other
Common Stock Total Equity	- 0.91	Non Currrent Assets Other
Good Will	- 0.9	Non Currrent Assets Other
Non Currrent Assets Other	- 0.89	Total Stockholder Equity