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


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What is Commerce Split Debt-to-Equity?

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.PR.A.PFD's Debt-to-Equity is not ranked *
in the Asset Management industry.
Industry Median: 0.2
* Ranked among companies with meaningful Debt-to-Equity only.

Commerce Split Debt-to-Equity Historical Data

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.

* Premium members only.

Commerce Split Debt-to-Equity Chart

Commerce Split Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Debt-to-Equity
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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
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Competitive Comparison of Commerce Split's Debt-to-Equity

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's Debt-to-Equity Distribution in the 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.


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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

Commerce Split's Debt to Equity Ratio for the quarter that ended in May. 2024 is calculated as

* 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  (TSX:YCM.PR.A.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.


Commerce Split Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Commerce Split's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Commerce Split Business Description

Traded in Other Exchanges
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.

Commerce Split Headlines

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