Comerica (FRA:CA3) Scaled Net Operating Assets : -0.01 (As of Mar. 2024)

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What is Comerica Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Comerica's operating assets for the quarter that ended in Mar. 2024 was €60,257 Mil. Comerica's operating liabilities for the quarter that ended in Mar. 2024 was €60,971 Mil. Comerica's Total Assets for the quarter that ended in Dec. 2023 was €78,710 Mil. Therefore, Comerica's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.01.

Comerica Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Comerica's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(69996.444	-	63875.469)	/	80623.264
=	0.08

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	78709.778	-	8713.334
=	69996.444

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	72835.476	-	4774.819	-	4185.188
=	63875.469

Comerica's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(60257.24	-	60971.16)	/	78709.778
=	-0.01

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	73088.48	-	12831.24
=	60257.24

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	67522.48	-	6551.32	-	0
=	60971.16

* 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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Comerica (FRA:CA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Comerica Inc (FRA:CA3) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

CMA:USA 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.