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Comerica Financial Strength

: 4 (As of Jun. 2022)
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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.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

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.


Comerica Financial Strength Calculation

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.


Comerica  (NYSE:CMA) Financial Strength Explanation

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.


Comerica Financial Strength Related Terms

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.


Comerica Business Description

Comerica logo
Address
1717 Main Street, Comerica Bank Tower, MC 6404, Dallas, TX, USA, 75201
Comerica Inc 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
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
Mckinney Casandra M. officer: EVP 1717 MAIN STREET DALLAS TX 75201
Cresi Megan D. officer: Executive Vice President 3551 HAMLIN ROAD AUBURN HILLS MI 48326
Carr James Mcgregor officer: Executive Vice President 1717 MAIN STREET DALLAS TX 75201
Herzog James J officer: Treasurer and Interim CFO 1717 MAIN STREET DALLAS TX 75201
Aust Michael J officer: Executive Vice President 1717 MAIN STREET MC-6509 DALLAS TX 75201
Wellborn Julia C officer: Executive Vice President 1717 MAIN STREET MC-6507 DALLAS TX 75201
Weber James Harry officer: Executive Vice President 1717 MAIN STREET MC-6503 DALLAS TX 75201
Oberg Jay K. officer: EVP-Chief Risk Officer 1717 MAIN STREET DALLAS TX 75201
Ortiz Mauricio A officer: SVP & Chief Accounting Officer MAIN STREET MC 6500 DALLAS TX 75201
Smith Barbara director 6565 N. MACARTHUR BLVD. SUITE 800 IVING TX 75039
Collins Michael E. director 20 WINDING WAY MULLICA HILL NJ 08062
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