Comerica Other Current Assets vs Cash And Short Term Investments Analysis

0I1P Stock

63.91 0.14 0.22%

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 Other Current Assets and its Cash And Short Term Investments 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.

Other Current Assets vs Cash And Short Term Investments

Other Current Assets vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Comerica Other Current Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.

The correlation between Comerica's Other Current Assets and Cash And Short Term Investments is 0.78. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Comerica, assuming nothing else is changed. The correlation between historical values of Comerica's Other Current Assets and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Comerica are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Current Assets i.e., Comerica's Other Current Assets and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.78

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Comerica balance sheet. This account contains Comerica investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Comerica fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

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 938.6 M in 2025. Tax Provision is likely to drop to about 235.5 M in 2025

	2022	2023	2024	2025 (projected)
Interest Expense	206M	1.7B	1.7B	1.8B
Depreciation And Amortization	92M	87M	96M	105.3M

Interest Expense Depreciation And Amortization

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		0.29	0.09	0.14	-0.32	0.73	0.65	0.16	0.05	-0.09	-0.28	-0.21	0.67	0.07	0.26	0.55	0.43	0.31	-0.42	-0.38	0.54	0.08	-0.14	0.66	-0.31	-0.05
Total Assets	0.29		0.53	0.18	0.24	0.78	0.48	-0.4	0.78	0.61	0.32	0.03	0.08	0.76	0.68	0.15	-0.64	0.57	0.62	0.29	0.8	0.53	0.61	0.83	0.44	-0.19
Short Long Term Debt Total	0.09	0.53		-0.04	0.62	0.31	0.52	0.37	0.75	-0.07	0.57	0.57	-0.32	0.0	0.3	-0.04	-0.58	0.35	0.3	0.59	0.55	0.04	0.01	0.58	0.01	-0.08
Other Current Liab	0.14	0.18	-0.04		-0.09	0.1	-0.12	0.11	0.07	-0.06	-0.24	-0.29	0.42	0.13	0.27	0.63	0.03	0.29	-0.13	0.02	0.09	0.28	-0.24	0.13	0.25	-0.28
Total Current Liabilities	-0.32	0.24	0.62	-0.09		-0.2	0.21	0.15	0.7	-0.16	0.48	0.9	-0.42	-0.16	-0.16	-0.2	-0.55	0.26	0.24	0.97	0.3	-0.05	0.2	0.25	0.28	0.39
Total Stockholder Equity	0.73	0.78	0.31	0.1	-0.2		0.6	-0.27	0.43	0.44	0.04	-0.18	0.42	0.57	0.53	0.24	-0.13	0.41	0.18	-0.23	0.78	0.36	0.38	0.85	-0.06	-0.22
Property Plant And Equipment Net	0.65	0.48	0.52	-0.12	0.21	0.6		0.14	0.32	0.08	0.44	0.22	0.03	0.0	0.48	0.44	0.03	0.44	-0.15	0.12	0.6	-0.23	0.11	0.67	-0.16	0.21
Net Debt	0.16	-0.4	0.37	0.11	0.15	-0.27	0.14		-0.14	-0.89	-0.04	0.29	0.08	-0.78	-0.24	0.26	0.35	0.0	-0.59	0.09	-0.03	-0.38	-0.89	-0.05	-0.49	0.09
Retained Earnings	0.05	0.78	0.75	0.07	0.7	0.43	0.32	-0.14		0.25	0.35	0.55	-0.13	0.44	0.25	-0.16	-0.8	0.52	0.6	0.72	0.71	0.46	0.47	0.73	0.44	-0.08
Cash	-0.09	0.61	-0.07	-0.06	-0.16	0.44	0.08	-0.89	0.25		0.33	-0.36	-0.23	0.84	0.61	-0.13	-0.51	0.12	0.71	-0.09	0.12	0.32	0.83	0.18	0.48	-0.29
Non Current Assets Total	-0.28	0.32	0.57	-0.24	0.48	0.04	0.44	-0.04	0.35	0.33		0.39	-0.82	-0.05	0.46	-0.09	-0.52	0.21	0.33	0.42	0.03	-0.48	0.22	0.06	0.06	-0.01
Non Currrent Assets Other	-0.21	0.03	0.57	-0.29	0.9	-0.18	0.22	0.29	0.55	-0.36	0.39		-0.36	-0.39	-0.43	-0.35	-0.31	0.16	-0.01	0.77	0.26	-0.24	0.05	0.2	-0.06	0.48
Other Assets	0.67	0.08	-0.32	0.42	-0.42	0.42	0.03	0.08	-0.13	-0.23	-0.82	-0.36		0.16	-0.11	0.46	0.52	0.13	-0.41	-0.39	0.41	0.46	-0.16	0.4	-0.12	0.05
Cash And Short Term Investments	0.07	0.76	0.0	0.13	-0.16	0.57	0.0	-0.78	0.44	0.84	-0.05	-0.39	0.16		0.52	-0.09	-0.55	0.25	0.77	-0.03	0.42	0.78	0.78	0.45	0.61	-0.34
Net Receivables	0.26	0.68	0.3	0.27	-0.16	0.53	0.48	-0.24	0.25	0.61	0.46	-0.43	-0.11	0.52		0.51	-0.37	0.41	0.38	-0.05	0.29	0.12	0.25	0.4	0.33	-0.43
Non Current Liabilities Total	0.55	0.15	-0.04	0.63	-0.2	0.24	0.44	0.26	-0.16	-0.13	-0.09	-0.35	0.46	-0.09	0.51		0.39	0.35	-0.48	-0.14	0.19	-0.11	-0.35	0.25	0.01	-0.02
Other Stockholder Equity	0.43	-0.64	-0.58	0.03	-0.55	-0.13	0.03	0.35	-0.8	-0.51	-0.52	-0.31	0.52	-0.55	-0.37	0.39		-0.29	-0.9	-0.64	-0.29	-0.42	-0.55	-0.3	-0.62	0.29
Total Liab	0.31	0.57	0.35	0.29	0.26	0.41	0.44	0.0	0.52	0.12	0.21	0.16	0.13	0.25	0.41	0.35	-0.29		0.15	0.27	0.58	0.22	0.14	0.59	0.49	-0.09
Total Current Assets	-0.42	0.62	0.3	-0.13	0.24	0.18	-0.15	-0.59	0.6	0.71	0.33	-0.01	-0.41	0.77	0.38	-0.48	-0.9	0.15		0.36	0.21	0.58	0.7	0.21	0.66	-0.33
Short Term Debt	-0.38	0.29	0.59	0.02	0.97	-0.23	0.12	0.09	0.72	-0.09	0.42	0.77	-0.39	-0.03	-0.05	-0.14	-0.64	0.27	0.36		0.27	0.1	0.23	0.23	0.47	0.29
Common Stock	0.54	0.8	0.55	0.09	0.3	0.78	0.6	-0.03	0.71	0.12	0.03	0.26	0.41	0.42	0.29	0.19	-0.29	0.58	0.21	0.27		0.47	0.33	0.96	0.12	0.13
Short Term Investments	0.08	0.53	0.04	0.28	-0.05	0.36	-0.23	-0.38	0.46	0.32	-0.48	-0.24	0.46	0.78	0.12	-0.11	-0.42	0.22	0.58	0.1	0.47		0.44	0.46	0.58	-0.26
Other Current Assets	-0.14	0.61	0.01	-0.24	0.2	0.38	0.11	-0.89	0.47	0.83	0.22	0.05	-0.16	0.78	0.25	-0.35	-0.55	0.14	0.7	0.23	0.33	0.44		0.33	0.52	0.08
Good Will	0.66	0.83	0.58	0.13	0.25	0.85	0.67	-0.05	0.73	0.18	0.06	0.2	0.4	0.45	0.4	0.25	-0.3	0.59	0.21	0.23	0.96	0.46	0.33		0.13	-0.01
Intangible Assets	-0.31	0.44	0.01	0.25	0.28	-0.06	-0.16	-0.49	0.44	0.48	0.06	-0.06	-0.12	0.61	0.33	0.01	-0.62	0.49	0.66	0.47	0.12	0.58	0.52	0.13		-0.18
Current Deferred Revenue	-0.05	-0.19	-0.08	-0.28	0.39	-0.22	0.21	0.09	-0.08	-0.29	-0.01	0.48	0.05	-0.34	-0.43	-0.02	0.29	-0.09	-0.33	0.29	0.13	-0.26	0.08	-0.01	-0.18

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Comerica Account Relationship Matchups

Comerica fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Common Stock Shares Outstanding	151M	140M	137M	133M	134M	166.4M
Total Assets	88.1B	94.6B	85.4B	85.8B	79.3B	60.2B
Short Long Term Debt Total	5.7B	2.8B	6.2B	9.8B	6.7B	6.7B
Other Current Liab	(132M)	(3M)	80.0B	2.9B	3.4B	6.4B
Total Current Liabilities	905M	877M	3.2B	6.5B	5.8B	6.0B
Total Stockholder Equity	8.1B	7.9B	5.2B	6.4B	6.5B	5.6B
Property Plant And Equipment Net	459M	454M	400M	762M	473M	505.6M
Net Debt	(10.0B)	(19.9B)	(47M)	269M	(131M)	(124.5M)
Retained Earnings	9.6B	10.5B	11.3B	11.7B	12.0B	12.6B
Cash	15.8B	22.7B	6.3B	9.5B	850M	807.5M
Non Current Assets Total	16.3B	18.3B	400M	93.5B	473M	449.4M
Non Currrent Assets Other	(16.3B)	(18.3B)	(19.8B)	74.8B	86.0B	90.3B
Other Assets	34.9B	30.2B	53.7B	(27.1B)	62.9B	42.2B
Cash And Short Term Investments	31.0B	39.9B	25.5B	9.5B	15.9B	10.6B
Net Receivables	6.0B	6.2B	7.5B	8.0B	709M	673.6M
Liabilities And Stockholders Equity	88.1B	94.6B	85.4B	85.8B	79.3B	60.2B
Non Current Liabilities Total	5.7B	2.8B	77.0B	47.9B	6.7B	6.3B
Other Stockholder Equity	(3.3B)	(3.9B)	(3.9B)	(3.8B)	(2.3B)	(2.2B)
Total Liab	5.7B	86.7B	80.2B	79.4B	72.8B	52.3B
Total Current Assets	36.9B	46.1B	31.3B	19.4B	15.9B	9.2B
Short Term Debt	905M	877M	3.2B	3.6B	3.2B	3.4B
Accumulated Other Comprehensive Income	168M	(212M)	(3.7B)	(3.0B)	(3.2B)	(3.0B)
Short Term Investments	15.2B	17.2B	19.2B	1.2B	15.0B	11.5B
Other Current Assets	16.1B	23.0B	6.8B	9.9B	11.4B	9.2B
Intangible Assets	1M	642M	667M	114M	131.1M	121.6M
Current Deferred Revenue	28M	26M	30M	29M	36.8M	31.6M
Accounts Payable	875M	848M	(40.0B)	(32M)	(36.8M)	(38.6M)
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 Other Current Assets vs Cash And Short Term Investments Analysis

Other Current Assets vs Cash And Short Term Investments

Other Current Assets vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Other Current Assets

Cash And Short Term Investments

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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Short Term Debt	+ 0.97	Total Current Liabilities
Good Will	+ 0.96	Common Stock
Non Currrent Assets Other	+ 0.9	Total Current Liabilities
Good Will	+ 0.85	Total Stockholder Equity
Cash And Short Term Investments	+ 0.84	Cash
Good Will	+ 0.83	Total Assets

Total Current Assets	- 0.9	Other Stockholder Equity
Other Current Assets	- 0.89	Net Debt
Cash	- 0.89	Net Debt
Other Assets	- 0.82	Non Current Assets Total
Other Stockholder Equity	- 0.8	Retained Earnings
Cash And Short Term Investments	- 0.78	Net Debt