Comerica Non Current Assets Total vs Total Current Liabilities Analysis

0I1P Stock   66.90  2.08  3.02%   
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 Non Current Assets Total and its Total Current Liabilities 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.

Non Current Assets Total vs Total Current Liabilities

Non Current Assets Total vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Comerica Non Current Assets Total account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Comerica's Non Current Assets Total and Total Current Liabilities is 0.91. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Comerica, assuming nothing else is changed. The correlation between historical values of Comerica's Non Current Assets Total and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Comerica are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Non Current Assets Total i.e., Comerica's Non Current Assets Total and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.91
Relationship DirectionPositive 
Relationship StrengthVery Strong

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Comerica balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Comerica are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
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 Income1.5B1.7B1.4B1.4B
Other Operating Expenses1.5B38M3.6B3.8B

Comerica fundamental ratios Correlations

0.370.230.1-0.160.750.760.220.18-0.12-0.07-0.030.490.020.340.590.340.41-0.4-0.230.650.01-0.10.74-0.320.11
0.370.510.210.190.790.5-0.430.790.650.13-0.050.130.770.910.14-0.580.560.590.240.840.530.60.850.44-0.32
0.230.51-0.020.620.320.540.360.740.070.610.58-0.410.010.660.1-0.590.330.340.560.72-0.12-0.020.650.01-0.23
0.10.21-0.02-0.050.11-0.130.120.11-0.16-0.3-0.290.450.130.220.60.040.32-0.150.060.10.35-0.220.130.26-0.26
-0.160.190.62-0.05-0.220.270.120.650.230.910.87-0.8-0.160.450.16-0.660.20.350.970.36-0.480.150.270.310.16
0.750.790.320.11-0.220.6-0.280.470.4-0.1-0.210.440.570.60.19-0.090.420.15-0.250.770.410.380.84-0.06-0.25
0.760.50.54-0.130.270.60.150.360.070.320.330.04-0.010.610.460.030.46-0.150.160.84-0.190.120.79-0.160.3
0.22-0.430.360.120.12-0.280.15-0.18-0.890.080.29-0.02-0.78-0.190.370.32-0.02-0.570.06-0.02-0.43-0.92-0.05-0.490.03
0.180.790.740.110.650.470.36-0.180.570.610.45-0.370.490.820.08-0.850.50.690.680.730.170.450.760.46-0.33
-0.120.650.07-0.160.230.40.07-0.890.570.290.05-0.250.80.48-0.34-0.640.150.770.270.330.330.970.340.53-0.11
-0.070.130.61-0.30.91-0.10.320.080.610.290.97-0.88-0.210.31-0.06-0.60.110.320.80.35-0.630.20.280.060.17
-0.03-0.050.58-0.290.87-0.210.330.290.450.050.97-0.85-0.450.170.03-0.430.090.10.730.27-0.78-0.040.19-0.10.24
0.490.13-0.410.45-0.80.440.04-0.02-0.37-0.25-0.88-0.850.25-0.020.410.610.13-0.42-0.720.030.59-0.180.13-0.11-0.13
0.020.770.010.13-0.160.57-0.01-0.780.490.8-0.21-0.450.250.54-0.2-0.490.260.73-0.020.340.820.80.420.61-0.38
0.340.910.660.220.450.60.61-0.190.820.480.310.17-0.020.540.34-0.60.610.490.490.890.320.440.840.47-0.19
0.590.140.10.60.160.190.460.370.08-0.34-0.060.030.41-0.20.340.310.41-0.510.180.38-0.08-0.330.410.020.24
0.34-0.58-0.590.04-0.66-0.090.030.32-0.85-0.64-0.6-0.430.61-0.49-0.60.31-0.25-0.9-0.72-0.37-0.18-0.53-0.35-0.590.39
0.410.560.330.320.20.420.46-0.020.50.150.110.090.130.260.610.41-0.250.130.210.620.20.120.60.5-0.23
-0.40.590.34-0.150.350.15-0.15-0.570.690.770.320.1-0.420.730.49-0.51-0.90.130.460.230.460.710.240.66-0.4
-0.230.240.560.060.97-0.250.160.060.680.270.80.73-0.72-0.020.490.18-0.720.210.460.3-0.290.180.250.480.08
0.650.840.720.10.360.770.84-0.020.730.330.350.270.030.340.890.38-0.370.620.230.30.110.290.960.11-0.1
0.010.53-0.120.35-0.480.41-0.19-0.430.170.33-0.63-0.780.590.820.32-0.08-0.180.20.46-0.290.110.350.210.51-0.51
-0.10.6-0.02-0.220.150.380.12-0.920.450.970.2-0.04-0.180.80.44-0.33-0.530.120.710.180.290.350.310.52-0.01
0.740.850.650.130.270.840.79-0.050.760.340.280.190.130.420.840.41-0.350.60.240.250.960.210.310.13-0.15
-0.320.440.010.260.31-0.06-0.16-0.490.460.530.06-0.1-0.110.610.470.02-0.590.50.660.480.110.510.520.13-0.23
0.11-0.32-0.23-0.260.16-0.250.30.03-0.33-0.110.170.24-0.13-0.38-0.190.240.39-0.23-0.40.08-0.1-0.51-0.01-0.15-0.23
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Comerica Account Relationship Matchups

Comerica fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding151M140M137M133M153.0M166.9M
Total Assets73.4B88.1B94.6B85.4B85.8B59.4B
Short Long Term Debt Total7.3B5.7B2.8B6.2B9.8B6.7B
Other Current Liab(45M)(132M)(3M)80.0B2.9B2.8B
Total Current Liabilities71M905M877M3.2B6.5B6.0B
Total Stockholder Equity7.3B8.1B7.9B5.2B6.4B5.6B
Property Plant And Equipment Net457M459M454M400M762M505.2M
Net Debt1.5B(10.0B)(19.9B)(47M)269M255.6M
Retained Earnings9.5B9.6B10.5B11.3B11.7B12.3B
Cash5.8B15.8B22.7B6.3B9.5B10.0B
Non Current Assets Total13.6B16.3B18.3B400M93.5B98.2B
Non Currrent Assets Other(326M)(16.3B)(18.3B)(19.8B)74.8B78.6B
Other Assets36.0B34.9B30.2B53.7B(27.1B)(25.7B)
Cash And Short Term Investments18.4B31.0B39.9B25.5B9.5B10.4B
Net Receivables5.4B6.0B6.2B7.5B8.0B4.7B
Liabilities And Stockholders Equity73.4B88.1B94.6B85.4B85.8B59.4B
Non Current Liabilities Total7.3B5.7B2.8B77.0B47.9B50.3B
Other Stockholder Equity(3.1B)(3.3B)(3.9B)(3.9B)(3.8B)(3.6B)
Total Liab66.1B5.7B86.7B80.2B79.4B51.5B
Total Current Assets23.8B36.9B46.1B31.3B19.4B20.4B
Short Term Debt71M905M877M3.2B3.6B3.7B
Accumulated Other Comprehensive Income(235M)168M(212M)(3.7B)(3.0B)(2.9B)
Short Term Investments12.6B15.2B17.2B19.2B1.2B1.1B
Other Current Assets6.0B16.1B23.0B6.8B9.9B9.2B
Intangible Assets2M1M642M667M114M121.6M
Current Deferred Revenue25M28M26M30M29M31.6M
Accounts Payable45M875M848M(40.0B)(32M)(33.6M)
Inventory(6.0B)(16.1B)(23.0B)(6.5B)(7.5B)(7.9B)
Other Liab266M296M237M214M192.6M201.1M
Net Tangible Assets6.7B7.0B6.9B4.1B3.7B5.2B
Long Term Debt2.7B3.5B2.9B2.8B3.2B3.0B
Capital Surpluse2.1B2.2B2.2B2.2B2.5B2.4B
Treasury Stock(4.0B)(5.3B)(5.5B)(6.1B)(5.5B)(5.8B)
Property Plant Equipment786M765M771M738M848.7M733.5M
Earning Assets15.4B17.4B29.9B38.6B44.4B26.0B

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