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City National (City National) Financial Strength : 0 (As of Jun. 2015)


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What is City National Financial Strength?

City National has the Financial Strength Rank of 0.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

GuruFocus does not calculate City National's interest coverage with the available data. City National's debt to revenue ratio for the quarter that ended in Jun. 2015 was 0.46. Altman Z-Score does not apply to banks and insurance companies.


City National Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

City National's Interest Expense for the months ended in Jun. 2015 was $-11 Mil. Its Operating Income for the months ended in Jun. 2015 was $107 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2015 was $641 Mil.

City National's Interest Coverage for the quarter that ended in Jun. 2015 is

Interest Coverage=-1*Operating Income (Q: Jun. 2015 )/Interest Expense (Q: Jun. 2015 )
=-1*106.663/-10.778
=9.90

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

City National's Debt to Revenue Ratio for the quarter that ended in Jun. 2015 is

Debt to Revenue Ratio=Total Debt (Q: Jun. 2015 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(6.322 + 640.617) / 1397.656
=0.46

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Altman Z-Score does not apply to banks and insurance companies.

* 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.


City National  (NYSE:CYN) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

City National has the Financial Strength Rank of 0.


City National Financial Strength Related Terms

Thank you for viewing the detailed overview of City National's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


City National (City National) Business Description

Traded in Other Exchanges
N/A
Address
City National Corp is a Delaware corporation organized in 1968. It is a bank holding company and a financial holding company. It provides banking, investment and trust services to its clients through its wholly-owned banking subsidiary, City National Bank. The Bank operates through 77 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay area, Nevada, New York City, Nashville, Tennessee and Atlanta, Georgia. The Company provides financial solutions to affluent individuals, entrepreneurs, professionals, their businesses and their families. The Company's segments include, Commercial and Private Banking, & Wealth Management. The Commercial and Private Banking segment provides banking products and services, including commercial and mortgage lending, lines of credit, equipment lease financing, deposits, cash management services, international trade finance and letters of credit. All investment advisory affiliates and the Bank's wealth management services are included in the Wealth Management segment. The Company's principal client base consists of small to mid-sized businesses, entrepreneurs, professionals, and affluent individuals. The Company serves its clients through relationship banking. The Company offers lending, deposit, cash management, international banking, equipment financing, and other products and services. The Bank's wealth management division make available the following investment advisory and wealth management resources to the Company's clients: investment management and advisory services and brokerage services, including portfolio management, securities trading and asset management; personal and business trust and investment services, including employee benefit trust services, 401(k) and defined benefit plans; and estate and financial planning and custodial services. The Company also advises and makes available mutual funds under the name of City National Rochdale Funds. The Bank's wealth management division and the Company's asset management subsidiaries provide both proprietary and nonproprietary products to offer asset classes and investment styles, including fixed-income instruments, mutual funds, domestic and international equities and alternative investments, such as hedge funds. Investment services are provided to institutional as well as individual clients. The Company faces competitive credit and pricing pressure as it competes with other banks and financial organizations. It is subject to extensive regulation under both federal and state law.
Executives
Russell D Goldsmith director, officer: Chairman, President and CEO C/O CITY NATIONAL CORP ,GENERAL COUNSEL, 555 S. FLOWER STREET, 18TH FL, LOS ANGELES CA 90071
Clifford Gilbert-lurie director 555 SOUTH FLOWER STREET, 18TH FLOOR, LOS ANGELES CA 90071
Ashok Israni director C/O CITY NATIONAL CORPORATION, 555 S. FLOWER STREET, 18TH FL, LOS ANGELES CA 90071
Bruce Rosenblum director C/O CITY NATIONAL CORPORATION, 555 S. FLOWER STREET, 18TH FLOOR, LOS ANGELES CA 90071
Brian Fitzmaurice officer: EVP & Chief Credit Officer C/O CITY NATIONAL CORPORATION, 555 S. FLOWER ST., 18TH FL., LOS ANGELES CA 90071
Robert H Tuttle director C/O TUTTLE-CLICK AUTOMOTIVE GROUP, 9701 WILSHIRE BOULEVARD, SUITE 1100, BEVERLY HILLS CA 90212
Christopher J Warmuth director, officer: EVP of Issuer; Pres. of Sub C/O CITY NATIONAL CORP ,GENERAL COUNSEL, 555 SOUTH FLOWER STREET, 18TH FL, LOS ANGELES CA 90071
Bram Goldsmith director, officer: Chairman Emeritus of the Board C/O CITY NATIONAL CORP ,GENERAL COUNSEL, 555 S. FLOWER STREET, 18TH FL, LOS ANGELES CA 90071
Christopher J Carey officer: EVP & Chief Financial Officer C/O CITY NATIONAL CORP., GENERAL COUNSEL, 555 S. FLOWER STREET, 18TH FL, LOS ANGELES CA 90071
Michael B Cahill officer: EVP, General Counsel, Sect. CITY NATIONAL BANK, 555 S. FLOWER ST., 18TH FL, LOS ANGELES CA 90071
Kenneth L Coleman director C/O CITY NATIONAL CORPORATION, 555 S. FLOWER STREET, 18TH FLOOR, LOS ANGELES CA 90071
Peter M Thomas director 2300 W. SAHARA AVENUE, BOX ONE, LAS VEGAS NV 89102
Mohamad Ali director 2 AVENUE DE LAFAYETTE, BOSTON MA 02111
Richard Bloch director C/O CLB PARTNERS, P.O. BOX 2569, RANCHO SANTA FE CA 92067-2569
Olga Tsokova officer: SVP & Chief Accounting Officer C/O CITY NATIONAL CORPORATION, 555 S. FLOWER STREET, 18TH FLOOR, LOS ANGELES CA 90071