Canadian Imperial Bank of Commerce (TSX:CM.PR.S.PFD) Cash-to-Debt : 0.27 (As of Oct. 2024)

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What is Canadian Imperial Bank of Commerce Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Canadian Imperial Bank of Commerce's cash to debt ratio for the quarter that ended in Oct. 2024 was 0.27.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Canadian Imperial Bank of Commerce couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2024.

The historical rank and industry rank for Canadian Imperial Bank of Commerce's Cash-to-Debt or its related term are showing as below:

TSX:CM.PR.S.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.21 Max: 0.5
Current: 0.27

During the past 13 years, Canadian Imperial Bank of Commerce's highest Cash to Debt Ratio was 0.50. The lowest was 0.11. And the median was 0.21.

TSX:CM.PR.S.PFD's Cash-to-Debt is ranked worse than
84.45% of 1498 companies
in the Banks industry
Industry Median: 1.295 vs TSX:CM.PR.S.PFD: 0.27

Canadian Imperial Bank of Commerce Cash-to-Debt Historical Data

The historical data trend for Canadian Imperial Bank of Commerce's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Canadian Imperial Bank of Commerce Cash-to-Debt Chart

Canadian Imperial Bank of Commerce Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Cash-to-Debt

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0.50

0.42

0.39

0.33

0.27

Canadian Imperial Bank of Commerce Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Cash-to-Debt	Get a 7-Day Free Trial															0.33	0.25	0.26	0.25	0.27

Competitive Comparison of Canadian Imperial Bank of Commerce's Cash-to-Debt

For the Banks - Diversified subindustry, Canadian Imperial Bank of Commerce's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Canadian Imperial Bank of Commerce's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Canadian Imperial Bank of Commerce's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Canadian Imperial Bank of Commerce's Cash-to-Debt falls into.

Canadian Imperial Bank of Commerce Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Canadian Imperial Bank of Commerce's Cash to Debt Ratio for the fiscal year that ended in Oct. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	56031	/	(83397	+	125096)
	=	0.27

Canadian Imperial Bank of Commerce's Cash to Debt Ratio for the quarter that ended in Oct. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	56031	/	(83397	+	125096)
	=	0.27

Canadian Imperial Bank of Commerce (TSX:CM.PR.S.PFD) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Canadian Imperial Bank of Commerce Cash-to-Debt Related Terms

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Canadian Imperial Bank of Commerce Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Canadian Imperial Bank of Commerce (TSX:CM.PR.S.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CM:USA 0UNI:UK CAI:Germany CAI:Germany CM.PR.Q.PFD:Canada CM.PR.P.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 Headlines

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