Canadian Imperial Bank of Commerce (TSX:CM.PR.R.PFD) Debt-to-Equity

: 3.51 (As of Jan. 2024)

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Canadian Imperial Bank of Commerce's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$74,954.00 Mil. Canadian Imperial Bank of Commerce's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$114,732.00 Mil. Canadian Imperial Bank of Commerce's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$54,091.00 Mil. Canadian Imperial Bank of Commerce's debt to equity for the quarter that ended in Jan. 2024 was 3.51.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

TSX:CM.PR.R.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.42 Med: 3.57 Max: 5.98
Current: 3.51

During the past 13 years, the highest Debt-to-Equity Ratio of Canadian Imperial Bank of Commerce was 5.98. The lowest was 1.42. And the median was 3.57.

TSX:CM.PR.R.PFD's Debt-to-Equity is ranked worse than
93.63% of 1398 companies
in the Banks industry
Industry Median: 0.7 vs TSX:CM.PR.R.PFD: 3.51

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

The historical data trend for Canadian Imperial Bank of Commerce's Debt-to-Equity 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 Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

3.81

3.52

3.60

3.74

3.67

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
Debt-to-Equity																3.47	3.73	3.81	3.67	3.51

Competitive Comparison

For the Banks - Diversified subindustry, Canadian Imperial Bank of Commerce's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution

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

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

Canadian Imperial Bank of Commerce Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Canadian Imperial Bank of Commerce's Debt to Equity Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(77656	+	116844)	/	52981
	=	3.67

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(74954	+	114732)	/	54091
	=	3.51

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

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

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

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

Industry

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

Comparable Companies

Traded in Other Exchanges

CM:USA CAI:Germany CAI:Germany CM.PR.Y.PFD:Canada CM.PR.T.PFD:Canada CM.PR.S.PFD:Canada CM.PR.Q.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.R.PFD) Headlines

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