Canadian Imperial Bank of Commerce (TSX:CM.PR.Q.PFD) Interest Expense : C$-34,624.00 Mil (TTM As of Jan. 2024)

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What is Canadian Imperial Bank of Commerce Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Canadian Imperial Bank of Commerce's interest expense for the three months ended in Jan. 2024 was C$ -9,485.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was C$-34,624.00 Mil.

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. Canadian Imperial Bank of Commerce's Operating Income for the three months ended in Jan. 2024 was C$ Mil. Canadian Imperial Bank of Commerce's Interest Expense for the three months ended in Jan. 2024 was C$ Mil. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Canadian Imperial Bank of Commerce Interest Expense Historical Data

The historical data trend for Canadian Imperial Bank of Commerce's Interest Expense 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.

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Canadian Imperial Bank of Commerce Interest Expense Chart

Canadian Imperial Bank of Commerce Annual Data

Trend

Oct14

Oct15

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Oct19

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Oct23

Interest Expense

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-10,146.00

-6,478.00

-3,282.00

-9,538.00

-32,194.00

Canadian Imperial Bank of Commerce Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-7,055.00	-7,496.00	-8,383.00	-9,260.00	-9,485.00

Canadian Imperial Bank of Commerce Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-34,624.00 Mil.

Canadian Imperial Bank of Commerce (TSX:CM.PR.Q.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Canadian Imperial Bank of Commerce (TSX:CM.PR.Q.PFD) » Definitions » Interest Expense

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Traded in Other Exchanges

CM:USA CAI:Germany CM.PR.Y.PFD:Canada CM.PR.T.PFD:Canada CM.PR.S.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.

Canadian Imperial Bank of Commerce (TSX:CM.PR.Q.PFD) Headlines

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