• Bank Of Nova Scotia average debt/equity ratio for 2023 was 0.47, a 11.9% increase from 2022.
• Bank Of Nova Scotia average debt/equity ratio for 2022 was 0.42, a 7.69% increase from 2021.
• Bank Of Nova Scotia average debt/equity ratio for 2021 was 0.39, a 14.71% increase from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.