Comerica (Comerica) Debt-to-Equity

: 1.53 (As of Dec. 2023)

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Comerica's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,564 Mil. Comerica's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5,207 Mil. Comerica's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $6,406 Mil. Comerica's debt to equity for the quarter that ended in Dec. 2023 was 1.53.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

CMA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35 Med: 0.69 Max: 1.53
Current: 1.18

During the past 13 years, the highest Debt-to-Equity Ratio of Comerica was 1.53. The lowest was 0.35. And the median was 0.69.

CMA's Debt-to-Equity is ranked worse than
77.06% of 1399 companies
in the Banks industry
Industry Median: 0.7 vs CMA: 1.18

Comerica Debt-to-Equity Historical Data

The historical data trend for Comerica's Debt-to-Equity 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

Debt-to-Equity

1.00

0.71

0.35

1.20

1.53

Comerica Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity																3.02	2.95	2.18	1.53	1.18

Competitive Comparison

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

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

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

Comerica Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(4564	+	5207)	/	6406
	=	1.53

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(4564	+	5207)	/	6406
	=	1.53

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

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Comerica Debt-to-Equity Related Terms

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Comerica (Comerica) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

CA3:Germany CA3:Germany

Address

1717 Main Street, Comerica Bank Tower, MC 6404, Dallas, TX, USA, 75201

Website

https://www.comerica.com

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