Market Cap : 10.94 B | Enterprise Value : 6.43 B | PE Ratio : 12.21 | PB Ratio : 1.79 |
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Comerica has the Financial Strength Rank of 4.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.GuruFocus does not calculate Comerica's interest coverage with the available data. Comerica's debt to revenue ratio for the quarter that ended in Jun. 2022 was 0.78. Altman Z-Score does not apply to banks and insurance companies.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Comerica's Interest Expense for the months ended in Jun. 2022 was $-16 Mil. Its Operating Income for the months ended in Jun. 2022 was $0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $2,630 Mil.
Comerica's Interest Coverage for the quarter that ended in Jun. 2022 is
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Comerica Inc has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
Comerica's Debt to Revenue Ratio for the quarter that ended in Jun. 2022 is
Debt to Revenue Ratio | = | Total Debt (Q: Jun. 2022 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (0 | + | 2630) | / | 3372 | |
= | 0.78 |
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Altman Z-Score does not apply to banks and insurance companies.
* 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.
The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.
Comerica has the Financial Strength Rank of 4.
Thank you for viewing the detailed overview of Comerica's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Hays Von E | officer: Interim Chief Legal Officer | 1717 MAIN STREET MC 6404 DALLAS TX 75201 |
Flores Nancy | director | 6555 NORTH STATE HWY 161 IRVING TX 75039 |
Bridges Wendy | officer: EVP | 1717 MAIN STREET DALLAS TX 75201 |
Chausse Melinda A. | officer: EVP | 1717 MAIN STREET DALLAS TX 75201 |
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Wellborn Julia C | officer: Executive Vice President | 1717 MAIN STREET MC-6507 DALLAS TX 75201 |
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