Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerceverified

CM.TO

Price:

$80.47

Market Cap:

$75.42B

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through four strategic business units: Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; and Capital Markets. The company offers chequing, savings, and business accounts; mortgages; loans, lines of credit, student lines of credit, and business and agriculture loans; investment and insurance services; and credit cards, as well as overdraft protection se...[Read more]

Industry

Banks - Diversified

IPO Date

1995-01-12

Stock Exchange

TSX

Ticker

CM.TO

The Current Ratio as of September 2024 (TTM) for Canadian Imperial Bank of Commerce (CM.TO) is 1.80

According to Canadian Imperial Bank of Commerce’s latest financial reports and current stock price. The company's current Current Ratio is 1.80. This represents a change of 107.63% compared to the average of 0.87 of the last 4 quarters.

Canadian Imperial Bank of Commerce (CM.TO) Historical Current Ratio (quarterly & annually)

How has CM.TO Current Ratio performed in the past?

The mean historical Current Ratio of Canadian Imperial Bank of Commerce over the last ten years is 1.73. The current 1.80 Current Ratio has changed 10.32% with respect to the historical average. Over the past ten years (40 quarters), CM.TO's Current Ratio was at its highest in in the October 2014 quarter at 8.75. The Current Ratio was at its lowest in in the January 2015 quarter at 0.

Quarterly (TTM)
Annual

Average

1.73

Median

0.95

Minimum

0.31

Maximum

8.75

Canadian Imperial Bank of Commerce (CM.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Canadian Imperial Bank of Commerce Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 221.32%

Maximum Annual Current Ratio = 8.75

Minimum Annual Increase = -90.14%

Minimum Annual Current Ratio = 0.31

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.04-15.53%
20221.236.19%
20211.16-32.38%
20201.71221.32%
20190.53-36.21%
20180.84169.61%
20170.31-62.98%
20160.84-2.97%
20150.86-90.14%
20148.7531.89%

Canadian Imperial Bank of Commerce (CM.TO) Average Current Ratio

How has CM.TO Current Ratio performed in the past?

The current Current Ratio of Canadian Imperial Bank of Commerce (CM.TO) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.14

5-year avg

1.13

10-year avg

1.73

Canadian Imperial Bank of Commerce (CM.TO) Current Ratio vs. Peers

How is CM.TO’s Current Ratio compared to its peers?

Canadian Imperial Bank of Commerce’s Current Ratio is greater than Bank of Montreal (0.57), greater than The Bank of Nova Scotia (1.60), greater than Royal Bank of Canada (0.66), greater than The Toronto-Dominion Bank (0.48), greater than National Bank of Canada (0.86),

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