Canadian Imperial Bank of Commerce (LTS:0UNI) Debt-to-Equity : 3.55 (As of Oct. 2024)

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

Canadian Imperial Bank of Commerce's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2024 was C$83,397 Mil. Canadian Imperial Bank of Commerce's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2024 was C$125,096 Mil. Canadian Imperial Bank of Commerce's Total Stockholders Equity for the quarter that ended in Oct. 2024 was C$58,735 Mil. Canadian Imperial Bank of Commerce's debt to equity for the quarter that ended in Oct. 2024 was 3.55.

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:

LTS:0UNI' s Debt-to-Equity Range Over the Past 10 Years
Min: 3.52 Med: 3.77 Max: 5.98
Current: 3.55

During the past 13 years, the highest Debt-to-Equity Ratio of Canadian Imperial Bank of Commerce was 5.98. The lowest was 3.52. And the median was 3.77.

LTS:0UNI's Debt-to-Equity is ranked worse than
94.06% of 1449 companies
in the Banks industry
Industry Median: 0.63 vs LTS:0UNI: 3.55

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.

* Premium members only.

Canadian Imperial Bank of Commerce Debt-to-Equity Chart

Canadian Imperial Bank of Commerce Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Debt-to-Equity

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3.52

3.60

3.74

3.68

3.55

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
Debt-to-Equity	Get a 7-Day Free Trial															3.68	3.51	3.44	3.35	3.55

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

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's Debt-to-Equity Distribution in the Banks Industry

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. 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
	=	(83397	+	125096)	/	58735
	=	3.55

Canadian Imperial Bank of Commerce's Debt to Equity Ratio for the quarter that ended in Oct. 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
	=	(83397	+	125096)	/	58735
	=	3.55

Canadian Imperial Bank of Commerce (LTS:0UNI) 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 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Canadian Imperial Bank of Commerce (LTS:0UNI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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