Canadian Imperial Bank of Commerce (Canadian Imperial Bank of Commerce) Scaled Net Operating Assets : 0.13 (As of Jan. 2024)

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What is Canadian Imperial Bank of Commerce Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Canadian Imperial Bank of Commerce's operating assets for the quarter that ended in Jan. 2024 was $637,768 Mil. Canadian Imperial Bank of Commerce's operating liabilities for the quarter that ended in Jan. 2024 was $542,096 Mil. Canadian Imperial Bank of Commerce's Total Assets for the quarter that ended in Oct. 2023 was $711,580 Mil. Therefore, Canadian Imperial Bank of Commerce's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2024 was 0.13.

Canadian Imperial Bank of Commerce Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Canadian Imperial Bank of Commerce's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Oct. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Oct. 2023 )
=	(Operating Assets (A: Oct. 2023 )	-	Operating Liabilities (A: Oct. 2023 ))	/	Total Assets (A: Oct. 2022 )
=	(665511.231	-	530926.196)	/	689310.395
=	0.20

where

	Operating Assets		(A: Oct. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	711580.368	-	46069.137
=	665511.231

	Operating Liabilities		(A: Oct. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	672772.754	-	85212.952	-	56633.606
=	530926.196

Canadian Imperial Bank of Commerce's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jan. 2024 )
=	(Operating Assets (Q: Jan. 2024 )	-	Operating Liabilities (Q: Jan. 2024 ))	/	Total Assets (Q: Oct. 2023 )
=	(637768.011	-	542095.657)	/	711580.368
=	0.13

where

	Operating Assets		(Q: Jan. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	723882.143	-	86114.132
=	637768.011

	Operating Liabilities		(Q: Jan. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	683409.819	-	85474.186	-	55839.976
=	542095.657

* 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.

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Canadian Imperial Bank of Commerce (Canadian Imperial Bank of Commerce) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Canadian Imperial Bank of Commerce (NYSE:CM) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

CAI:Germany CAI:Germany CM.PR.Y.PFD:Canada CM.PR.T.PFD:Canada CM.PR.S.PFD:Canada CM.PR.Q.PFD:Canada CM.PR.P.PFD:Canada CM.PR.O.PFD:Canada CM:Canada

Address

81 Bay Street, CIBC Square, Toronto, ON, CAN, M5J 0E7

Website

https://www.cibc.com

Canadian Imperial Bank of Commerce is Canada's fifth-largest bank and operates three business segments: retail and business banking, wealth management, and capital markets. It serves approximately 11 million personal banking and business customers, primarily in Canada.