The Bank of Nova Scotia (BNS) Balance Sheet
BNS balance sheet, FY2025
October 31, 2025 · Canadian dollarsC$1.46T assets = C$1.37T liabilities + C$88.59B equity
Both columns are drawn to the same scale: what BNS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BNS financial health
Debt / equity5.80
High leverage · C$5.80 of debt for each $1 of equity
Cash / debt21.4%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles1.1%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2025.
BNS balance sheet trends, FY2017–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | C$915.27BFY2017 | C$1.46TFY2025 | +5.3%/yr | |
| Total liabilities | C$853.65BFY2017 | C$1.37TFY2025 | +5.4%/yr | |
| Shareholders’ equity | C$61.62BFY2017 | C$86.87BFY2025 | +3.9%/yr | |
| Cash & short-term investments | C$105.59BFY2017 | C$108.10BFY2025 | +0.3%/yr | |
| Total debt | C$99.58BFY2017 | C$504.02BFY2025 | +19.7%/yr | |
| Net cash (debt) | C$6.01BFY2017 | −C$395.93BFY2025 | −C$401.9B | |
| Working capital | C$8.30BFY2017 | −C$943.60BFY2025 | −C$951.9B | |
| Debt / equity | 1.62FY2017 | 5.80FY2025 | +4.19 | |
| Shares outstanding | 1.22BFY2017 | 1.25BFY2025 | +0.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BNS assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
BNS liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
BNS debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BNS balance sheet in Canadian dollars
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | C$108.10B | C$108.17B | C$140.83B | C$119.31B | C$120.05B | C$116.50B | C$81.46B | C$110.68B | C$80.39B | C$105.59B |
| Cash & equivalents | C$65.97B | C$63.86B | C$90.31B | C$65.89B | C$86.32B | C$76.46B | C$46.72B | C$62.27B | C$80.39B | C$59.66B |
| Short-term investments | C$42.13B | C$44.30B | C$50.51B | C$53.41B | C$33.73B | C$40.04B | C$34.74B | C$48.41B | — | C$45.92B |
| Receivables | C$14.96B | C$13.09B | C$14.01B | C$13.38B | C$9.07B | C$8.71B | C$7.78B | C$7.47B | C$56.19B | C$5.20B |
| Inventory | C$0 | C$0 | −C$475.37B | −C$429.50B | −C$388.41B | −C$336.13B | −C$328.48B | −C$291.66B | C$0 | −C$276.50B |
| Other current assets | C$0 | C$0 | C$475.37B | C$429.50B | C$388.41B | C$336.13B | C$328.48B | C$291.66B | — | C$276.50B |
| Total current assets | C$123.06B | C$121.25B | C$154.84B | C$132.69B | C$129.13B | C$125.20B | C$89.25B | C$118.16B | — | C$110.78B |
| Property, plant & equipment (net) | C$4.88B | C$5.25B | C$5.64B | C$5.70B | C$5.62B | C$5.90B | C$2.67B | C$2.68B | C$0 | C$2.38B |
| Goodwill & intangible assets | C$16.17B | C$16.85B | C$17.19B | C$16.83B | C$16.60B | C$17.02B | C$17.46B | C$17.72B | C$9.04B | C$12.11B |
| Long-term investments | C$300.00B | C$276.73B | C$227.77B | C$216.19B | C$216.00B | C$235.13B | C$221.57B | C$189.45B | C$689.48B | C$178.05B |
| Other non-current assets | C$1.02T | C$991.94B | C$1.01T | C$978.01B | C$817.49B | C$753.22B | C$755.21B | C$670.49B | C$153.21B | C$611.95B |
| Total assets | C$1.46T | C$1.41T | C$1.41T | C$1.35T | C$1.18T | C$1.14T | C$1.09T | C$998.49B | C$851.73B | C$915.27B |
| Liabilities | ||||||||||
| Accounts payable | C$17.85B | C$16.77B | C$16.98B | C$12.56B | C$8.92B | C$8.31B | C$9.20B | C$9.40B | C$383.02B | C$8.84B |
| Short-term debt | C$301.49B | C$103.38B | C$119.93B | C$130.11B | C$83.98B | C$57.30B | C$113.52B | C$93.36B | C$56.42B | C$93.64B |
| Total current liabilities | C$1.07T | C$722.10B | C$649.64B | C$142.67B | C$92.90B | C$65.61B | C$122.72B | C$102.76B | — | C$102.48B |
| Long-term debt | C$41.10B | C$39.81B | C$41.68B | C$11.79B | C$9.75B | C$10.88B | C$7.25B | C$5.70B | C$323.88B | C$5.93B |
| Lease obligations | C$2.96B | C$2.98B | C$3.20B | C$3.32B | C$3.41B | C$3.48B | C$0 | C$0 | — | C$0 |
| Other long-term liabilities | C$263.70B | C$252.16B | C$602.71B | C$130.88B | C$153.08B | C$0 | C$13.54B | C$97.06B | — | C$96.55B |
| Total liabilities | C$1.37T | C$1.33T | C$1.33T | C$1.27T | C$1.11T | C$1.07T | C$1.02T | C$930.81B | C$774.34B | C$853.65B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | C$22.07B | C$22.05B | C$20.11B | C$18.71B | C$18.51B | C$18.24B | C$18.26B | C$18.23B | C$20.0M | C$15.64B |
| Retained earnings (deficit) | C$58.92B | C$57.75B | C$55.75B | C$53.76B | C$51.35B | C$46.34B | C$44.44B | C$41.41B | C$57.58B | C$38.12B |
| Treasury stock | — | — | — | — | — | — | C$0 | −C$0 | — | −C$0 |
| Accumulated other comprehensive income | −C$4.06B | −C$6.21B | −C$7.00B | −C$7.32B | −C$5.11B | −C$1.76B | C$935.0M | C$1.40B | — | C$1.69B |
| Minority interest | C$1.72B | C$1.71B | C$1.73B | C$1.52B | — | — | C$0 | C$0 | — | C$0 |
| Total shareholders' equity | C$86.87B | C$82.37B | C$76.93B | C$73.22B | C$70.80B | C$70.50B | C$70.19B | C$67.68B | C$77.39B | C$61.62B |
| Key figures | ||||||||||
| Total debt | C$504.02B | C$300.67B | C$313.81B | C$310.86B | C$245.66B | C$68.18B | C$120.77B | C$99.06B | C$380.30B | C$99.58B |
| Net cash (debt) | −C$395.93B | −C$192.51B | −C$172.99B | −C$191.55B | −C$125.61B | C$48.32B | −C$39.30B | C$11.62B | −C$299.91B | C$6.01B |
| Working capital | −C$943.60B | −C$600.85B | −C$494.81B | −C$9.98B | C$36.23B | C$59.60B | −C$33.47B | C$15.40B | — | C$8.30B |
| Tangible book value | C$70.70B | C$65.52B | C$59.73B | C$56.39B | C$54.20B | C$53.49B | C$52.73B | C$49.96B | C$68.35B | C$49.52B |
| Shares outstanding | 1.25B | 1.23B | 1.20B | 1.21B | 1.23B | 1.24B | 1.25B | 1.23B | — | 1.22B |
| Current ratio | 0.12 | 0.17 | 0.24 | 0.93 | 1.39 | 1.91 | 0.73 | 1.15 | — | 1.08 |
| Quick ratio | 0.12 | 0.17 | 0.24 | 0.93 | 1.39 | 1.91 | 0.73 | 1.15 | — | 1.08 |
| Debt / equity | 5.80 | 3.65 | 4.08 | 4.25 | 3.47 | 0.97 | 1.72 | 1.46 | 4.91 | 1.62 |
| Equity / assets | 5.9% | 5.8% | 5.5% | 5.4% | 6.0% | 6.2% | 6.5% | 6.8% | 9.1% | 6.7% |
| Jul '26 | Apr '26 | Jan '26 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | C$10.33B | C$356.26B | C$344.77B | C$191.81B | C$189.43B | C$321.28B | C$108.17B | C$176.90B | C$169.33B | C$171.44B | C$140.83B |
| Cash & equivalents | C$10.33B | C$79.30B | C$73.84B | C$69.70B | C$63.58B | C$70.20B | C$63.86B | C$58.33B | C$58.63B | C$67.25B | C$90.31B |
| Short-term investments | C$128.47B | C$276.96B | C$270.94B | C$122.11B | C$125.85B | C$251.08B | C$44.30B | C$118.57B | C$110.70B | C$104.19B | C$50.51B |
| Receivables | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$13.09B | C$0 | C$0 | C$0 | C$14.01B |
| Inventory | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | −C$475.37B |
| Other current assets | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$256.88B | C$0 | C$475.37B |
| Total current assets | C$10.33B | C$356.26B | C$344.77B | C$191.81B | C$189.43B | C$321.28B | C$108.17B | C$176.90B | C$426.21B | C$171.44B | C$154.84B |
| Property, plant & equipment (net) | C$5.57B | C$5.31B | C$5.28B | C$4.79B | C$4.81B | C$4.90B | C$5.25B | C$5.38B | C$5.49B | C$5.52B | C$5.64B |
| Goodwill & intangible assets | C$16.02B | C$31.93B | C$32.27B | C$16.07B | C$16.09B | C$32.44B | C$16.85B | C$16.97B | C$17.05B | C$16.98B | C$17.19B |
| Long-term investments | C$316.95B | C$308.62B | C$302.97B | C$283.57B | C$281.31B | C$287.62B | C$276.73B | C$280.24B | C$271.99B | C$260.96B | C$227.77B |
| Other non-current assets | C$1.20T | C$819.40B | C$790.69B | C$918.45B | C$923.83B | C$792.91B | C$1.01T | C$922.87B | C$678.68B | C$937.98B | C$1.01T |
| Total assets | C$1.55T | C$1.52T | C$1.48T | C$1.41T | C$1.42T | C$1.44T | C$1.41T | C$1.40T | C$1.40T | C$1.39T | C$1.41T |
| Liabilities | |||||||||||
| Accounts payable | — | — | — | — | — | — | C$16.77B | — | — | — | C$16.98B |
| Short-term debt | C$236.84B | C$368.97B | C$328.71B | C$291.66B | C$287.62B | C$296.51B | C$103.38B | C$110.45B | C$115.10B | C$118.91B | C$119.93B |
| Total current liabilities | C$236.84B | C$1.10T | C$1.07T | C$1.02T | C$1.01T | C$1.04T | C$1.04T | C$110.45B | C$681.05B | C$118.91B | C$649.64B |
| Long-term debt | C$216.68B | C$161.19B | C$33.99B | C$34.26B | C$35.97B | C$36.26B | C$36.83B | C$189.85B | C$188.24B | C$186.92B | C$190.68B |
| Lease obligations | — | — | — | — | — | — | C$2.98B | — | — | — | C$3.20B |
| Other long-term liabilities | C$1.00T | C$168.96B | C$285.72B | C$272.45B | C$278.10B | C$280.54B | C$255.14B | C$623.61B | C$449.07B | C$0 | C$453.72B |
| Total liabilities | C$1.46T | C$1.43T | C$1.39T | C$1.33T | C$1.33T | C$1.35T | C$1.33T | C$1.32T | C$1.32T | C$1.31T | C$1.33T |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | C$21.91B | C$22.00B | C$22.09B | C$22.09B | C$22.14B | C$22.14B | C$22.05B | C$21.55B | C$21.07B | C$20.60B | C$20.11B |
| Retained earnings (deficit) | C$60.42B | C$59.88B | C$59.30B | C$58.70B | C$57.97B | C$57.45B | C$57.75B | C$57.54B | C$57.08B | C$56.44B | C$55.75B |
| Accumulated other comprehensive income | −C$3.08B | −C$4.66B | −C$3.74B | −C$5.53B | −C$5.42B | −C$5.02B | −C$6.21B | −C$6.37B | −C$7.57B | −C$7.07B | −C$7.00B |
| Minority interest | C$1.47B | C$1.42B | C$1.43B | C$1.68B | — | — | — | — | — | — | — |
| Total shareholders' equity | C$89.20B | C$87.16B | C$87.59B | C$83.80B | C$84.92B | C$84.80B | C$82.37B | C$81.50B | C$79.36B | C$78.76B | C$76.93B |
| Key figures | |||||||||||
| Total debt | C$272.60B | C$578.79B | C$524.60B | C$484.05B | C$480.12B | C$491.38B | C$300.67B | C$300.30B | C$226.19B | C$305.83B | C$313.81B |
| Net cash (debt) | −C$262.27B | −C$222.53B | −C$179.83B | −C$292.24B | −C$290.69B | −C$170.10B | −C$192.51B | −C$123.40B | −C$56.85B | −C$134.38B | −C$172.99B |
| Working capital | −C$226.50B | −C$746.54B | −C$722.47B | −C$830.68B | −C$825.46B | −C$714.65B | −C$928.88B | C$66.45B | −C$254.83B | C$52.53B | −C$494.81B |
| Tangible book value | C$73.18B | C$55.23B | C$55.32B | C$67.73B | C$68.83B | C$52.36B | C$65.52B | C$64.53B | C$62.30B | C$61.77B | C$59.73B |
| Shares outstanding | 874.0M | 1.23B | 1.25B | 1.25B | 1.25B | 1.25B | 1.24B | 1.24B | 1.23B | 1.22B | 1.21B |
| Current ratio | 0.04 | 0.32 | 0.32 | 0.19 | 0.19 | 0.31 | 0.10 | 1.60 | 0.63 | 1.44 | 0.24 |
| Quick ratio | 0.04 | 0.32 | 0.32 | 0.19 | 0.19 | 0.31 | 0.12 | 1.60 | 0.25 | 1.44 | 0.24 |
| Debt / equity | 3.06 | 6.64 | 5.99 | 5.78 | 5.65 | 5.79 | 3.65 | 3.68 | 2.85 | 3.88 | 4.08 |
| Equity / assets | 5.8% | 5.7% | 5.9% | 5.9% | 6.0% | 5.9% | 5.8% | 5.8% | 5.7% | 5.7% | 5.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported (latest annual report filed December 2, 2025); data from EODHD.
BNS financial position
At the end of fiscal 2025 (October 31, 2025), Bank of Nova Scotia had total assets of C$1.46 trillion (up 3.4% from a year earlier), total liabilities of C$1.37 trillion and shareholders' equity of C$86.9 billion. It held C$108.1 billion in cash and short-term investments against C$504.0 billion of debt, net debt of C$395.9 billion. Its current ratio was 0.12. In the latest quarter (ended July 31, 2026) total assets were C$1.55 trillion and equity C$89.2 billion.
Related: BNS income statement. See the BNS stock overview for the latest quote and news.
BNS balance sheet FAQ
What are Bank of Nova Scotia's total assets?
Bank of Nova Scotia reported total assets of C$1.46 trillion at the end of fiscal 2025 (October 31, 2025), compared with C$1.41 trillion a year earlier.
How much debt does Bank of Nova Scotia have?
Bank of Nova Scotia had C$504.0 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 5.80.
How much cash does Bank of Nova Scotia have?
Bank of Nova Scotia held C$108.1 billion in cash and short-term investments at the end of fiscal 2025; with C$504.0 billion of debt that is net debt of C$395.9 billion.
What is Bank of Nova Scotia's book value?
Bank of Nova Scotia's shareholders' equity (book value) was C$86.9 billion at the end of fiscal 2025.
What is Bank of Nova Scotia's current ratio?
Bank of Nova Scotia had current assets of C$123.1 billion and current liabilities of C$1.07 trillion, a current ratio of 0.12 (current liabilities exceed current assets).
How much goodwill does Bank of Nova Scotia have?
Bank of Nova Scotia carried C$16.2 billion of goodwill and intangible assets, 1.1% of total assets, at the end of fiscal 2025.