EX-99.4 5 d206742dex994.htm RETURN ON ASSETS, DIVIDEND PAYOUTS, AND EQUITY TO ASSETS RATIOS RETURN ON ASSETS, DIVIDEND PAYOUTS, AND EQUITY TO ASSETS RATIOS

Exhibit 99.4

 

 

RETURN ON ASSETS, DIVIDEND PAYOUTS, AND EQUITY TO ASSETS RATIOS1,2

       

 

     For the three months ended     For the year ended  
      October 31
2021		     July 31
2021		     April 30
2021		     January 31
2021		     October 31
2021		     October 31
2020		     October 31
2019		  

Return on Assets–reported3

      0.84  %      0.81  %      0.86  %      0.73  %      0.81  %      0.72  %      0.82  % 

Return on Assets–adjusted4

      0.86       0.83       0.88       0.75       0.83       0.60       0.88  

Dividend Payout Ratio–reported5

      38.7       41.2       39.5       44.6       40.9       48.4       46.2  

Dividend Payout Ratio–adjusted6

      37.8       40.2       38.7       43.2       39.9       57.9       43.1  

Equity to Asset Ratio7

      5.7       5.6       5.4       5.4       5.6       5.7       6.1  
1 

Calculated pursuant to the U.S. Securities and Exchange Commission Industry Guide 3.

2 

The Bank prepares its consolidated financial statements in accordance with International Financial Reporting Standards (IFRS), the current generally accepted accounting principles (GAAP), and refers to results prepared in accordance with IFRS as the “reported” results. The Bank also utilizes non-GAAP financial measures such as “adjusted” results (i.e. reported results excluding “items of note”) and non-GAAP ratios to assess each of its businesses and measure overall Bank performance. The Bank believes that non-GAAP financial measures and non-GAAP ratios provide the reader with a better understanding of how management views the Bank’s performance. Non-GAAP financial measures and ratios used in this presentation are not defined terms under IFRS and, therefore, may not be comparable to similar terms used by other issuers. See “Financial Results Overview” in the Bank’s 2021 MD&A (available at www.td.com/investor and www.sedar.com), which is incorporated by reference, for further explanation, reported basis results, a list of the items of note, and a reconciliation of adjusted to reported results.

3 

Calculated as reported net income available to common shareholders and non-controlling interests (NCI) in subsidiaries divided by average total assets.

4

Calculated as adjusted net income available to common shareholders and NCI in subsidiaries divided by average total assets.

5 

Calculated as dividends declared per common share divided by reported basic earnings per share.

6 

Calculated as dividends declared per common share divided by adjusted basic earnings per share.

7 

Calculated as average total equity (including NCI in subsidiaries) divided by average total assets.