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Comerica Scaled Net Operating Assets

: -0.03 (As of Sep. 2019)
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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 Sep. 2019 was $56,156 Mil. Comerica's operating liabilities for the quarter that ended in Sep. 2019 was $58,286 Mil. Comerica's Total Assets for the quarter that ended in Jun. 2019 was $72,537 Mil. Therefore, Comerica's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2019 was -0.03.


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. 2018 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2018 )
=(Operating Assets (A: Dec. 2018 )-Operating Liabilities (A: Dec. 2018 ))/Total Assets (A: Dec. 2017 )
=(66257-56804)/71567
=0.13

where

Operating Assets(A: Dec. 2018 )
=Total Assets - Cash and cash equivalents
=70818 - 4561
=66257

Operating Liabilities(A: Dec. 2018 )
=Total Liabilities - Minority Interest - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=63311 - 0 - 6463 - 44
=56804

Comerica's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2019 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2019 )
=(Operating Assets (Q: Sep. 2019 )-Operating Liabilities (Q: Sep. 2019 ))/Total Assets (Q: Jun. 2019 )
=(56156-58286)/72537
=-0.03

where

Operating Assets(Q: Sep. 2019 )
=Total Assets - Cash and cash equivalents
=72848 - 16692
=56156

Operating Liabilities(Q: Sep. 2019 )
=Total Liabilities - Minority Interest - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=65648 - 0 - 7311 - 51
=58286

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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