Commerce Split (TSX:YCM) Debt-to-Equity: 0.00 (As of May. 2024)

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TSX:YCM Commerce Split Corp TSX:YCM
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What is Commerce Split Debt-to-Equity?

Commerce Split TSX:YCM 10 Debt-to-Equity is 0.00 as of May. 2024. GuruFocus rates TSX:YCM with a GF Score™ of 10/100.

Commerce Split's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2024 was C$0.00 Mil. Commerce Split's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2024 was C$0.00 Mil. Commerce Split's Total Stockholders Equity for the quarter that ended in May. 2024 was C$1.96 Mil. Commerce Split's debt to equity for the quarter that ended in May. 2024 was 0.00.

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 Commerce Split's Debt-to-Equity or its related term are showing as below:

TSX:YCM's Debt-to-Equity is not ranked *
in the Asset Management industry.
Industry Median: 0.21
* Ranked among companies with meaningful Debt-to-Equity only.

Commerce Split  (TSX:YCM) 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.

Commerce Split Debt-to-Equity Related Terms

Commerce Split Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Commerce Split'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.

Commerce Split Debt-to-Equity Chart

Commerce Split Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Commerce Split Semi-Annual Data
Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

TSX:YCM vs BLK, BX, KKR: Debt-to-Equity Comparison

For the Asset Management subindustry, Commerce Split'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.

Commerce Split Debt-to-Equity vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Commerce Split's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Commerce Split's Debt-to-Equity falls into.


TSX:YCM
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Commerce Split Corp TSX:YCM
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Commerce Split Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Commerce Split's Debt to Equity Ratio for the fiscal year that ended in Nov. 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
=(0 + 0) / 0.627
=0.00

Commerce Split's Debt to Equity Ratio for the quarter that ended in May. 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
=(0 + 0) / 1.96
=0.00

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.00 mean?
Commerce Split (TSX:YCM) has a Debt-to-Equity of 0.00 as of May. 2024. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Commerce Split and its competitors.
Is Commerce Split's Debt-to-Equity too high?
Commerce Split's current Debt-to-Equity is 0.00. Overall, Commerce Split has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Commerce Split's Debt-to-Equity compare to BLK and BX?
Commerce Split's Debt-to-Equity of 0.00 can be compared against companies in the Asset Management industry. The industry median Debt-to-Equity is 0.21. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Asset Management company?
The median Debt-to-Equity among Asset Management companies is 0.21, based on 949 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Commerce Split and its competitors. For the Asset Management industry, the median Debt-to-Equity is 0.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Commerce Split's current Debt-to-Equity is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Commerce Split stock overvalued right now?
Commerce Split (TSX:YCM) has a current Debt-to-Equity of 0.00. The current Debt-to-Equity is 0.00. Commerce Split's overall GF Score™ is 10/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Commerce Split (TSX:YCM), the current Debt-to-Equity is 0.00 as of May. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Commerce Split Business Description

Address 200 Front Street West, Suite 2510, Royal Trust Tower, Toronto, ON, CAN, M5V 3K2
Commerce Split Corp is a mutual fund company. It invests in common shares of the Canadian Imperial Bank of Commerce. The corporation offers three types of shares, a Capital share, a Class I Preferred, and a Class II Preferred.
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