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


TSX:YCM Commerce Split Corp TSX:YCM
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What is Commerce Split LT-Debt-to-Total-Asset?

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

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. Commerce Split's long-term debt to total assests ratio for the quarter that ended in May. 2024 was 0.00.

Commerce Split's long-term debt to total assets ratio stayed the same from May. 2023 (0.00) to May. 2024 (0.00).

Commerce Split  (TSX:YCM) 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.

Commerce Split LT-Debt-to-Total-Asset Related Terms

Commerce Split LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Commerce Split'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.

Commerce Split LT-Debt-to-Total-Asset Chart

Commerce Split Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
LT-Debt-to-Total-Asset
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
LT-Debt-to-Total-Asset 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
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Commerce Split Corp TSX:YCM
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Commerce Split LT-Debt-to-Total-Asset Calculation

Commerce Split's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (A: Nov. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Nov. 2023 )/Total Assets (A: Nov. 2023 )
=0/9.729
=0.00

Commerce Split's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2024 is calculated as

LT Debt to Total Assets (Q: May. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: May. 2024 )/Total Assets (Q: May. 2024 )
=0/11.002
=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 LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.00 mean?
Commerce Split (TSX:YCM) has a LT-Debt-to-Total-Asset of 0.00 as of May. 2024. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Commerce Split and its competitors.
Is Commerce Split's LT-Debt-to-Total-Asset too high?
Commerce Split's current LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset compare to BLK and BX?
Commerce Split's LT-Debt-to-Total-Asset of 0.00 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for an Asset Management company?
A good LT-Debt-to-Total-Asset depends on the Asset Management industry context. However, LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Commerce Split and its competitors. Commerce Split's current LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset of 0.00. The current LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Commerce Split (TSX:YCM), the current LT-Debt-to-Total-Asset 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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