Comerica (Comerica) Cash-to-Debt

: 0.97 (As of Dec. 2023)

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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Comerica's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.97.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Comerica couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Comerica's Cash-to-Debt or its related term are showing as below:

CMA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.7 Med: 1.33 Max: 8.11
Current: 0.97

During the past 13 years, Comerica's highest Cash to Debt Ratio was 8.11. The lowest was 0.70. And the median was 1.33.

CMA's Cash-to-Debt is ranked worse than
56.39% of 1447 companies
in the Banks industry
Industry Median: 1.23 vs CMA: 0.97

Comerica Cash-to-Debt Historical Data

The historical data trend for Comerica's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Comerica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.79

2.75

8.11

1.01

0.97

Comerica Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt																0.59	0.62	0.75	0.97	0.72

Competitive Comparison

For the Banks - Regional subindustry, Comerica's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Comerica Cash-to-Debt Distribution

For the Banks industry and Financial Services sector, Comerica's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Comerica's Cash-to-Debt falls into.

Comerica Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Comerica's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	9502	/	(4564	+	5207)
	=	0.97

Comerica's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	9502	/	(4564	+	5207)
	=	0.97

Comerica (NYSE:CMA) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Comerica Cash-to-Debt Related Terms

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Comerica (Comerica) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Comerica Inc (NYSE:CMA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CA3:Germany CA3:Germany

Address

1717 Main Street, Comerica Bank Tower, MC 6404, Dallas, TX, USA, 75201

Website

https://www.comerica.com

Comerica is a financial services company headquartered in Dallas. It is primarily focused on relationship-based commercial banking. In addition to Texas, Comerica's other primary geographies are California and Michigan, with locations also in Arizona and Florida and select businesses operating in several other states as well as Canada.

Executives

Bailey Corey R	officer: Executive Vice President	1717 MAIN STREET, DALLAS TX 75201
Alan Gardner	director	C/O FRONTIER COMMUNICATIONS PARENT, INC., 401 MERRITT 7, NORWALK CT 06851
Allysun C Fleming	officer: Executive Vice President	1717 MAIN STREET, DALLAS TX 75201
Arthur G Angulo	director	1717 MAIN STREET, DALLAS TX 75201
Derek J Kerr	director
Jennifer H Sampson	director	1717 MAIN STREET, MC 6506, DALLAS TX 75201
Casandra M. Mckinney	officer: EVP	1717 MAIN STREET, DALLAS TX 75201
Wendy Bridges	officer: EVP	1717 MAIN STREET, DALLAS TX 75201
James Harry Weber	officer: Executive Vice President	1717 MAIN STREET, MC-6503, DALLAS TX 75201
Turner Reginald M Jr	director	500 WOODWARD AVE, SUITE 3500, DETROIT MI 48226
Peter L Sefzik	officer: Executive Vice President	1717 MAIN STREET, DALLAS TX 75201
Von E Hays	officer: Interim Chief Legal Officer	1717 MAIN STREET, MC 6404, DALLAS TX 75201
Melinda A. Chausse	officer: EVP	1717 MAIN STREET, DALLAS TX 75201
Christine M Moore	officer: SVP and General Auditor	411 WEST LAFAYETTE, DETROIT MI 48226
Nancy Flores	director	6555 NORTH STATE HWY 161, IRVING TX 75039