Toronto Dominion Bank (TDN) Ratios
Toronto Dominion Bank Ratios
MX:TDN's free cash flow for Q3 2026 was $-11.78B. For the 2026 fiscal year, MX:TDN's free cash flow was decreased by $-731.00M and operating cash flow was $-11.05B. See a summary of the company’s cash flow.
| Ratios | Oct 25 | Oct 24 | Oct 23 | Oct 22 | Oct 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.12 | 0.17 | 0.11 | 0.13 | 0.17 |
| Quick Ratio | 0.12 | 0.17 | 0.11 | 0.13 | 0.17 |
| Cash Ratio | 0.07 | 0.11 | 0.07 | 0.10 | 0.12 |
| Solvency Ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Operating Cash Flow Ratio | -0.04 | 0.03 | -0.04 | 0.03 | 0.04 |
| Short-Term Operating Cash Flow Coverage | -0.16 | 0.12 | -0.17 | 0.11 | 0.18 |
| Net Current Asset Value | $ -1.76T | $ -1.67T | $ -1.67T | $ -1.61T | $ -1.39T |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.32 | 0.32 | 0.29 | 0.26 | 0.23 |
| Debt-to-Equity Ratio | 5.19 | 5.75 | 5.07 | 4.51 | 4.02 |
| Debt-to-Capital Ratio | 0.84 | 0.85 | 0.84 | 0.82 | 0.80 |
| Long-Term Debt-to-Capital Ratio | 0.64 | 0.64 | 0.61 | 0.58 | 0.55 |
| Financial Leverage Ratio | 16.39 | 17.90 | 17.45 | 17.22 | 17.32 |
| Debt Service Coverage Ratio | 0.05 | 0.02 | 0.03 | 0.05 | 0.06 |
| Interest Coverage Ratio | 0.43 | 0.17 | 0.25 | 1.49 | 3.14 |
| Debt to Market Cap | 3.31 | 4.89 | 3.99 | 3.15 | 2.41 |
| Interest Debt Per Share | 416.00 | 415.08 | 339.86 | 284.86 | 223.53 |
| Net Debt to EBITDA | 21.18 | 37.69 | 31.33 | 16.05 | 12.24 |
| Profitability Margins | |||||
| Gross Profit Margin | 49.01% | 43.64% | 47.52% | 75.19% | 89.05% |
| EBIT Margin | 20.41% | 9.09% | 12.60% | 34.36% | 35.91% |
| EBITDA Margin | 22.28% | 10.79% | 14.47% | 37.33% | 40.24% |
| Operating Profit Margin | 20.41% | 9.09% | 12.60% | 34.36% | 35.91% |
| Pretax Profit Margin | 20.41% | 9.09% | 12.60% | 34.36% | 35.91% |
| Net Profit Margin | 17.73% | 7.42% | 10.40% | 29.32% | 29.96% |
| Continuous Operations Profit Margin | 17.73% | 7.42% | 10.40% | 29.32% | 29.96% |
| Net Income Per EBT | 86.87% | 81.64% | 82.51% | 85.34% | 83.45% |
| EBT Per EBIT | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Return on Assets (ROA) | 0.98% | 0.43% | 0.54% | 0.91% | 0.83% |
| Return on Equity (ROE) | 16.07% | 7.68% | 9.49% | 15.65% | 14.32% |
| Return on Capital Employed (ROCE) | 5.22% | 2.53% | 3.10% | 5.04% | 5.34% |
| Return on Invested Capital (ROIC) | 2.32% | 1.00% | 1.33% | 2.33% | 2.41% |
| Return on Tangible Assets | 0.99% | 0.43% | 0.55% | 0.92% | 0.84% |
| Earnings Yield | 10.33% | 6.57% | 7.53% | 11.04% | 8.70% |
| Efficiency Ratios | |||||
| Receivables Turnover | 2.51 | 2.67 | 1.87 | 1.47 | 1.05 |
| Payables Turnover | 1.44 | 1.69 | 1.23 | 0.46 | 0.14 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Asset Turnover | 11.43 | 12.11 | 10.84 | 6.32 | 5.20 |
| Asset Turnover | 0.06 | 0.06 | 0.05 | 0.03 | 0.03 |
| Working Capital Turnover Ratio | -0.08 | -0.09 | -0.08 | -0.05 | -0.05 |
| Cash Conversion Cycle | -107.94 | -79.97 | -101.61 | -547.06 | -2250.08 |
| Days of Sales Outstanding | 145.68 | 136.65 | 194.99 | 247.62 | 348.50 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days of Payables Outstanding | 253.62 | 216.61 | 296.60 | 794.68 | 2598.58 |
| Operating Cycle | 145.68 | 136.65 | 194.99 | 247.62 | 348.50 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | -40.34 | 31.43 | -35.83 | 21.51 | 27.58 |
| Free Cash Flow Per Share | -41.59 | 30.19 | -36.84 | 20.71 | 26.96 |
| Dividend Paid and CapEx Coverage Ratio | -7.10 | 5.88 | -8.52 | 4.80 | 7.50 |
| Capital Expenditure Coverage Ratio | -32.47 | 25.24 | -35.41 | 26.79 | 44.40 |
| Operating Cash Flow Coverage Ratio | -0.10 | 0.08 | -0.11 | 0.08 | 0.13 |
| Operating Cash Flow to Sales Ratio | -0.60 | 0.46 | -0.64 | 0.66 | 1.05 |
| Free Cash Flow Yield | -36.11% | 39.22% | -47.56% | 23.75% | 29.81% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 9.95 | 15.21 | 13.28 | 9.06 | 11.50 |
| Price-to-Sales (P/S) Ratio | 1.72 | 1.13 | 1.38 | 2.66 | 3.44 |
| Price-to-Book (P/B) Ratio | 1.56 | 1.17 | 1.26 | 1.42 | 1.65 |
| Price-to-Free Cash Flow (P/FCF) Ratio | -2.77 | 2.55 | -2.10 | 4.21 | 3.35 |
| Price-to-Operating Cash Flow Ratio | -2.85 | 2.45 | -2.16 | 4.05 | 3.28 |
| Price-to-Earnings Growth (PEG) Ratio | 0.07 | -0.97 | -0.33 | 0.40 | 0.57 |
| Enterprise Value Multiple | 28.88 | 48.15 | 40.87 | 23.17 | 20.80 |
| Enterprise Value | 745.45B | 619.07B | 604.76B | 514.07B | 399.32B |
| EV to EBITDA | 28.88 | 48.15 | 40.87 | 23.17 | 20.80 |
| EV to Sales | 6.44 | 5.19 | 5.91 | 8.65 | 8.37 |
| EV to Free Cash Flow | -10.38 | 11.73 | -9.01 | 13.71 | 8.15 |
| EV to Operating Cash Flow | -10.70 | 11.27 | -9.26 | 13.20 | 7.97 |
| Tangible Book Value Per Share | 61.08 | 53.36 | 49.77 | 50.50 | 44.82 |
| Shareholders’ Equity Per Share | 74.05 | 65.89 | 61.49 | 61.52 | 54.91 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.13 | 0.18 | 0.17 | 0.15 | 0.17 |
| Revenue Per Share | 67.10 | 68.18 | 56.11 | 32.83 | 26.25 |
| Net Income Per Share | 11.90 | 5.06 | 5.83 | 9.63 | 7.87 |
| Tax Burden | 0.87 | 0.82 | 0.83 | 0.85 | 0.83 |
| Interest Burden | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.22 | 0.21 | 0.20 | 0.27 | 0.32 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | -3.39 | 6.21 | -6.14 | 2.23 | 3.51 |
Currency in CAD