Canadian Imperial Bank of Commerce (TSX:CM.PR.Y.PFD) LT-Debt-to-Total-Asset : 0.12 (As of Oct. 2024)

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What is Canadian Imperial Bank of Commerce LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Canadian Imperial Bank of Commerce's long-term debt to total assests ratio for the quarter that ended in Oct. 2024 was 0.12.

Canadian Imperial Bank of Commerce's long-term debt to total assets ratio stayed the same from Oct. 2023 (0.12) to Oct. 2024 (0.12).

Canadian Imperial Bank of Commerce LT-Debt-to-Total-Asset Historical Data

The historical data trend for Canadian Imperial Bank of Commerce's LT-Debt-to-Total-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.

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Canadian Imperial Bank of Commerce LT-Debt-to-Total-Asset Chart

Canadian Imperial Bank of Commerce Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

LT-Debt-to-Total-Asset

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0.10

0.11

0.12

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
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.12	0.12	0.12	0.12

Canadian Imperial Bank of Commerce LT-Debt-to-Total-Asset Calculation

Canadian Imperial Bank of Commerce's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2024 is calculated as

LT Debt to Total Assets (A: Oct. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Oct. 2024 )	/	Total Assets (A: Oct. 2024 )
	=	125096	/	1041985
	=	0.12

Canadian Imperial Bank of Commerce's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2024 is calculated as

LT Debt to Total Assets (Q: Oct. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2024 )	/	Total Assets (Q: Oct. 2024 )
	=	125096	/	1041985
	=	0.12

Canadian Imperial Bank of Commerce (TSX:CM.PR.Y.PFD) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Canadian Imperial Bank of Commerce LT-Debt-to-Total-Asset 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 (TSX:CM.PR.Y.PFD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CM:USA 0UNI:UK 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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