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Comerica Scaled Net Operating Assets

: -0.22 (As of Mar. 2021)
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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Comerica's operating assets for the quarter that ended in Mar. 2021 was $55,649 Mil. Comerica's operating liabilities for the quarter that ended in Mar. 2021 was $75,287 Mil. Comerica's Total Assets for the quarter that ended in Dec. 2020 was $88,129 Mil. Therefore, Comerica's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2021 was -0.22.


Comerica 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.

Comerica's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2020 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2020 )
=(Operating Assets (A: Dec. 2020 )-Operating Liabilities (A: Dec. 2020 ))/Total Assets (A: Dec. 2019 )
=(72362-74351)/73402
=-0.03

where

Operating Assets(A: Dec. 2020 )
=Total Assets - Cash and cash equivalents
=88129 - 15767
=72362

Operating Liabilities(A: Dec. 2020 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=80079 - 5728 - 0
=74351

Comerica's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2021 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2021 )
=(Operating Assets (Q: Mar. 2021 )-Operating Liabilities (Q: Mar. 2021 ))/Total Assets (Q: Dec. 2020 )
=(55649-75287)/88129
=-0.22

where

Operating Assets(Q: Mar. 2021 )
=Total Assets - Cash and cash equivalents
=86291 - 30642
=55649

Operating Liabilities(Q: Mar. 2021 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=78139 - 2852 - 0
=75287

* 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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