Comerica Net Debt vs Non Current Liabilities Total Analysis

0I1P Stock

66.39 0.51 0.76%

Comerica financial indicator trend analysis is way more than just evaluating Comerica prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Comerica is a good investment. Please check the relationship between Comerica Net Debt and its Non Current Liabilities Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Comerica. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Comerica Stock please use our How to Invest in Comerica guide.

Net Debt vs Non Current Liabilities Total

Net Debt vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Comerica Net Debt account and Non Current Liabilities Total. At this time, the significance of the direction appears to have weak relationship.

The correlation between Comerica's Net Debt and Non Current Liabilities Total is 0.37. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Comerica, assuming nothing else is changed. The correlation between historical values of Comerica's Net Debt and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Comerica are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Net Debt i.e., Comerica's Net Debt and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.37

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Non Current Liabilities Total

Most indicators from Comerica's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Comerica current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Comerica. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Comerica Stock please use our How to Invest in Comerica guide.Selling General Administrative is likely to drop to about 921 M in 2024. Tax Provision is likely to drop to about 235.5 M in 2024

	2021	2022	2023	2024 (projected)
Operating Income	1.5B	1.7B	1.4B	1.4B
Other Operating Expenses	1.5B	38M	3.6B	3.8B

Operating Income Other Operating Expenses

Comerica fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Short Term Investments	Other Current Assets	Good Will	Intangible Assets	Current Deferred Revenue
Common Stock Shares Outstanding		0.37	0.23	0.1	-0.16	0.75	0.76	0.22	0.18	-0.12	-0.07	-0.03	0.49	0.02	0.34	0.59	0.34	0.41	-0.4	-0.23	0.65	0.01	-0.1	0.74	-0.32	0.11
Total Assets	0.37		0.51	0.21	0.19	0.79	0.5	-0.43	0.79	0.65	0.13	-0.05	0.13	0.77	0.91	0.14	-0.58	0.56	0.59	0.24	0.84	0.53	0.6	0.85	0.44	-0.32
Short Long Term Debt Total	0.23	0.51		-0.02	0.62	0.32	0.54	0.36	0.74	0.07	0.61	0.58	-0.41	0.01	0.66	0.1	-0.59	0.33	0.34	0.56	0.72	-0.12	-0.02	0.65	0.01	-0.23
Other Current Liab	0.1	0.21	-0.02		-0.05	0.11	-0.13	0.12	0.11	-0.16	-0.3	-0.29	0.45	0.13	0.22	0.6	0.04	0.32	-0.15	0.06	0.1	0.35	-0.22	0.13	0.26	-0.26
Total Current Liabilities	-0.16	0.19	0.62	-0.05		-0.22	0.27	0.12	0.65	0.23	0.91	0.87	-0.8	-0.16	0.45	0.16	-0.66	0.2	0.35	0.97	0.36	-0.48	0.15	0.27	0.31	0.16
Total Stockholder Equity	0.75	0.79	0.32	0.11	-0.22		0.6	-0.28	0.47	0.4	-0.1	-0.21	0.44	0.57	0.6	0.19	-0.09	0.42	0.15	-0.25	0.77	0.41	0.38	0.84	-0.06	-0.25
Property Plant And Equipment Net	0.76	0.5	0.54	-0.13	0.27	0.6		0.15	0.36	0.07	0.32	0.33	0.04	-0.01	0.61	0.46	0.03	0.46	-0.15	0.16	0.84	-0.19	0.12	0.79	-0.16	0.3
Net Debt	0.22	-0.43	0.36	0.12	0.12	-0.28	0.15		-0.18	-0.89	0.08	0.29	-0.02	-0.78	-0.19	0.37	0.32	-0.02	-0.57	0.06	-0.02	-0.43	-0.92	-0.05	-0.49	0.03
Retained Earnings	0.18	0.79	0.74	0.11	0.65	0.47	0.36	-0.18		0.57	0.61	0.45	-0.37	0.49	0.82	0.08	-0.85	0.5	0.69	0.68	0.73	0.17	0.45	0.76	0.46	-0.33
Cash	-0.12	0.65	0.07	-0.16	0.23	0.4	0.07	-0.89	0.57		0.29	0.05	-0.25	0.8	0.48	-0.34	-0.64	0.15	0.77	0.27	0.33	0.33	0.97	0.34	0.53	-0.11
Non Current Assets Total	-0.07	0.13	0.61	-0.3	0.91	-0.1	0.32	0.08	0.61	0.29		0.97	-0.88	-0.21	0.31	-0.06	-0.6	0.11	0.32	0.8	0.35	-0.63	0.2	0.28	0.06	0.17
Non Currrent Assets Other	-0.03	-0.05	0.58	-0.29	0.87	-0.21	0.33	0.29	0.45	0.05	0.97		-0.85	-0.45	0.17	0.03	-0.43	0.09	0.1	0.73	0.27	-0.78	-0.04	0.19	-0.1	0.24
Other Assets	0.49	0.13	-0.41	0.45	-0.8	0.44	0.04	-0.02	-0.37	-0.25	-0.88	-0.85		0.25	-0.02	0.41	0.61	0.13	-0.42	-0.72	0.03	0.59	-0.18	0.13	-0.11	-0.13
Cash And Short Term Investments	0.02	0.77	0.01	0.13	-0.16	0.57	-0.01	-0.78	0.49	0.8	-0.21	-0.45	0.25		0.54	-0.2	-0.49	0.26	0.73	-0.02	0.34	0.82	0.8	0.42	0.61	-0.38
Net Receivables	0.34	0.91	0.66	0.22	0.45	0.6	0.61	-0.19	0.82	0.48	0.31	0.17	-0.02	0.54		0.34	-0.6	0.61	0.49	0.49	0.89	0.32	0.44	0.84	0.47	-0.19
Non Current Liabilities Total	0.59	0.14	0.1	0.6	0.16	0.19	0.46	0.37	0.08	-0.34	-0.06	0.03	0.41	-0.2	0.34		0.31	0.41	-0.51	0.18	0.38	-0.08	-0.33	0.41	0.02	0.24
Other Stockholder Equity	0.34	-0.58	-0.59	0.04	-0.66	-0.09	0.03	0.32	-0.85	-0.64	-0.6	-0.43	0.61	-0.49	-0.6	0.31		-0.25	-0.9	-0.72	-0.37	-0.18	-0.53	-0.35	-0.59	0.39
Total Liab	0.41	0.56	0.33	0.32	0.2	0.42	0.46	-0.02	0.5	0.15	0.11	0.09	0.13	0.26	0.61	0.41	-0.25		0.13	0.21	0.62	0.2	0.12	0.6	0.5	-0.23
Total Current Assets	-0.4	0.59	0.34	-0.15	0.35	0.15	-0.15	-0.57	0.69	0.77	0.32	0.1	-0.42	0.73	0.49	-0.51	-0.9	0.13		0.46	0.23	0.46	0.71	0.24	0.66	-0.4
Short Term Debt	-0.23	0.24	0.56	0.06	0.97	-0.25	0.16	0.06	0.68	0.27	0.8	0.73	-0.72	-0.02	0.49	0.18	-0.72	0.21	0.46		0.3	-0.29	0.18	0.25	0.48	0.08
Common Stock	0.65	0.84	0.72	0.1	0.36	0.77	0.84	-0.02	0.73	0.33	0.35	0.27	0.03	0.34	0.89	0.38	-0.37	0.62	0.23	0.3		0.11	0.29	0.96	0.11	-0.1
Short Term Investments	0.01	0.53	-0.12	0.35	-0.48	0.41	-0.19	-0.43	0.17	0.33	-0.63	-0.78	0.59	0.82	0.32	-0.08	-0.18	0.2	0.46	-0.29	0.11		0.35	0.21	0.51	-0.51
Other Current Assets	-0.1	0.6	-0.02	-0.22	0.15	0.38	0.12	-0.92	0.45	0.97	0.2	-0.04	-0.18	0.8	0.44	-0.33	-0.53	0.12	0.71	0.18	0.29	0.35		0.31	0.52	-0.01
Good Will	0.74	0.85	0.65	0.13	0.27	0.84	0.79	-0.05	0.76	0.34	0.28	0.19	0.13	0.42	0.84	0.41	-0.35	0.6	0.24	0.25	0.96	0.21	0.31		0.13	-0.15
Intangible Assets	-0.32	0.44	0.01	0.26	0.31	-0.06	-0.16	-0.49	0.46	0.53	0.06	-0.1	-0.11	0.61	0.47	0.02	-0.59	0.5	0.66	0.48	0.11	0.51	0.52	0.13		-0.23
Current Deferred Revenue	0.11	-0.32	-0.23	-0.26	0.16	-0.25	0.3	0.03	-0.33	-0.11	0.17	0.24	-0.13	-0.38	-0.19	0.24	0.39	-0.23	-0.4	0.08	-0.1	-0.51	-0.01	-0.15	-0.23

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Comerica Account Relationship Matchups

Comerica fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	151M	140M	137M	133M	153.0M	166.9M
Total Assets	73.4B	88.1B	94.6B	85.4B	85.8B	59.4B
Short Long Term Debt Total	7.3B	5.7B	2.8B	6.2B	9.8B	6.7B
Other Current Liab	(45M)	(132M)	(3M)	80.0B	2.9B	2.8B
Total Current Liabilities	71M	905M	877M	3.2B	6.5B	6.0B
Total Stockholder Equity	7.3B	8.1B	7.9B	5.2B	6.4B	5.6B
Property Plant And Equipment Net	457M	459M	454M	400M	762M	505.2M
Net Debt	1.5B	(10.0B)	(19.9B)	(47M)	269M	255.6M
Retained Earnings	9.5B	9.6B	10.5B	11.3B	11.7B	12.3B
Cash	5.8B	15.8B	22.7B	6.3B	9.5B	10.0B
Non Current Assets Total	13.6B	16.3B	18.3B	400M	93.5B	98.2B
Non Currrent Assets Other	(326M)	(16.3B)	(18.3B)	(19.8B)	74.8B	78.6B
Other Assets	36.0B	34.9B	30.2B	53.7B	(27.1B)	(25.7B)
Cash And Short Term Investments	18.4B	31.0B	39.9B	25.5B	9.5B	10.4B
Net Receivables	5.4B	6.0B	6.2B	7.5B	8.0B	4.7B
Liabilities And Stockholders Equity	73.4B	88.1B	94.6B	85.4B	85.8B	59.4B
Non Current Liabilities Total	7.3B	5.7B	2.8B	77.0B	47.9B	50.3B
Other Stockholder Equity	(3.1B)	(3.3B)	(3.9B)	(3.9B)	(3.8B)	(3.6B)
Total Liab	66.1B	5.7B	86.7B	80.2B	79.4B	51.5B
Total Current Assets	23.8B	36.9B	46.1B	31.3B	19.4B	20.4B
Short Term Debt	71M	905M	877M	3.2B	3.6B	3.7B
Accumulated Other Comprehensive Income	(235M)	168M	(212M)	(3.7B)	(3.0B)	(2.9B)
Short Term Investments	12.6B	15.2B	17.2B	19.2B	1.2B	1.1B
Other Current Assets	6.0B	16.1B	23.0B	6.8B	9.9B	9.2B
Intangible Assets	2M	1M	642M	667M	114M	121.6M
Current Deferred Revenue	25M	28M	26M	30M	29M	31.6M
Accounts Payable	45M	875M	848M	(40.0B)	(32M)	(33.6M)
Inventory	(6.0B)	(16.1B)	(23.0B)	(6.5B)	(7.5B)	(7.9B)
Other Liab	266M	296M	237M	214M	192.6M	201.1M
Net Tangible Assets	6.7B	7.0B	6.9B	4.1B	3.7B	5.2B
Long Term Debt	2.7B	3.5B	2.9B	2.8B	3.2B	3.0B
Capital Surpluse	2.1B	2.2B	2.2B	2.2B	2.5B	2.4B
Treasury Stock	(4.0B)	(5.3B)	(5.5B)	(6.1B)	(5.5B)	(5.8B)
Property Plant Equipment	786M	765M	771M	738M	848.7M	733.5M
Earning Assets	15.4B	17.4B	29.9B	38.6B	44.4B	26.0B

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Comerica Net Debt vs Non Current Liabilities Total Analysis

Net Debt vs Non Current Liabilities Total

Net Debt vs Non Current Liabilities Total Correlation Analysis

Correlation Coefficient

Net Debt

Non Current Liabilities Total

Comerica fundamental ratios Correlations

Comerica Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Comerica fundamental ratios Accounts

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Additional Tools for Comerica Stock Analysis

COMMON DESTINATIONS

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COMPANY

Short Term Debt	+ 0.97	Total Current Liabilities
Other Current Assets	+ 0.97	Cash
Non Currrent Assets Other	+ 0.97	Non Current Assets Total
Good Will	+ 0.96	Common Stock
Net Receivables	+ 0.91	Total Assets
Non Current Assets Total	+ 0.91	Total Current Liabilities

Other Current Assets	- 0.92	Net Debt
Total Current Assets	- 0.9	Other Stockholder Equity
Cash	- 0.89	Net Debt
Other Assets	- 0.88	Non Current Assets Total
Other Assets	- 0.85	Non Currrent Assets Other
Other Stockholder Equity	- 0.85	Retained Earnings