GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Comerica Inc (NYSE:CMA) » Definitions » Equity-to-Asset

Comerica (Comerica) Equity-to-Asset

: 0.08 (As of Dec. 2023)
View and export this data going back to 1991. Start your Free Trial

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Comerica's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $6,406 Mil. Comerica's Total Assets for the quarter that ended in Dec. 2023 was $85,834 Mil. Therefore, Comerica's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.08.

The historical rank and industry rank for Comerica's Equity-to-Asset or its related term are showing as below:

CMA' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.06   Med: 0.1   Max: 0.11
Current: 0.08

During the past 13 years, the highest Equity to Asset Ratio of Comerica was 0.11. The lowest was 0.06. And the median was 0.10.

CMA's Equity-to-Asset is ranked worse than
61.25% of 1471 companies
in the Banks industry
Industry Median: 0.09 vs CMA: 0.08

Comerica Equity-to-Asset Historical Data

The historical data trend for Comerica's Equity-to-Asset 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.

Comerica Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.10 0.09 0.08 0.06 0.08

Comerica Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Equity-to-Asset 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 Premium Member Only Premium Member Only Premium Member Only 0.06 0.07 0.06 0.06 0.08

Competitive Comparison

For the Banks - Regional subindustry, Comerica's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.


Comerica Equity-to-Asset Distribution

For the Banks industry and Financial Services sector, Comerica's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Comerica's Equity-to-Asset falls into.



Comerica Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Comerica's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )=Total Stockholders Equity/Total Assets
=6406/85834
=0.07

Comerica's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )=Total Stockholders Equity/Total Assets
=6406/85834
=0.07

* 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.


Comerica  (NYSE:CMA) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Comerica Equity-to-Asset Related Terms

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


Comerica (Comerica) Business Description

Traded in Other Exchanges
Address
1717 Main Street, Comerica Bank Tower, MC 6404, Dallas, TX, USA, 75201
Comerica is a financial services company headquartered in Dallas. It is primarily focused on relationship-based commercial banking. In addition to Texas, Comerica's other primary geographies are California and Michigan, with locations also in Arizona and Florida and select businesses operating in several other states as well as Canada.
Executives
Bailey Corey R officer: Executive Vice President 1717 MAIN STREET, DALLAS TX 75201
Alan Gardner director C/O FRONTIER COMMUNICATIONS PARENT, INC., 401 MERRITT 7, NORWALK CT 06851
Allysun C Fleming officer: Executive Vice President 1717 MAIN STREET, DALLAS TX 75201
Arthur G Angulo director 1717 MAIN STREET, DALLAS TX 75201
Derek J Kerr director
Jennifer H Sampson director 1717 MAIN STREET, MC 6506, DALLAS TX 75201
Casandra M. Mckinney officer: EVP 1717 MAIN STREET, DALLAS TX 75201
Wendy Bridges officer: EVP 1717 MAIN STREET, DALLAS TX 75201
James Harry Weber officer: Executive Vice President 1717 MAIN STREET, MC-6503, DALLAS TX 75201
Turner Reginald M Jr director 500 WOODWARD AVE, SUITE 3500, DETROIT MI 48226
Peter L Sefzik officer: Executive Vice President 1717 MAIN STREET, DALLAS TX 75201
Von E Hays officer: Interim Chief Legal Officer 1717 MAIN STREET, MC 6404, DALLAS TX 75201
Melinda A. Chausse officer: EVP 1717 MAIN STREET, DALLAS TX 75201
Christine M Moore officer: SVP and General Auditor 411 WEST LAFAYETTE, DETROIT MI 48226
Nancy Flores director 6555 NORTH STATE HWY 161, IRVING TX 75039

Comerica (Comerica) Headlines

From GuruFocus

Q2 2021 Comerica Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q2 2022 Comerica Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q4 2021 Comerica Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q3 2021 Comerica Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q1 2023 Comerica Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q1 2021 Comerica Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q3 2023 Comerica Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024