Canadian Cash And Short Term Investments vs Retained Earnings Analysis
CM Stock | CAD 67.24 0.62 0.93% |
Canadian Imperial financial indicator trend analysis is way more than just evaluating Canadian Imperial Bank prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canadian Imperial Bank is a good investment. Please check the relationship between Canadian Imperial Cash And Short Term Investments and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Imperial Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Cash And Short Term Investments vs Retained Earnings
Cash And Short Term Investments vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian Imperial Bank Cash And Short Term Investments account and Retained Earnings. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Canadian Imperial's Cash And Short Term Investments and Retained Earnings is 0.88. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Canadian Imperial Bank, assuming nothing else is changed. The correlation between historical values of Canadian Imperial's Cash And Short Term Investments and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Canadian Imperial Bank are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Cash And Short Term Investments i.e., Canadian Imperial's Cash And Short Term Investments and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Canadian Imperial Bank balance sheet. This account contains Canadian Imperial investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Canadian Imperial Bank 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.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from Canadian Imperial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canadian Imperial Bank 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 Canadian Imperial Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. At this time, Canadian Imperial's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 18th of May 2024, Enterprise Value Over EBITDA is likely to grow to 20.63, while Selling General Administrative is likely to drop about 5.3 B.
2021 | 2023 | 2024 (projected) | Interest Expense | 9.5B | 37.0B | 38.9B | Depreciation And Amortization | 1.0B | 1.2B | 1.3B |
Canadian Imperial fundamental ratios Correlations
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Canadian Imperial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canadian Imperial fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 769.6B | 837.7B | 943.6B | 975.7B | 1.1T | 1.2T | |
Short Long Term Debt Total | 43.6B | 45.9B | 164.2B | 187.5B | 215.6B | 226.4B | |
Total Stockholder Equity | 41.2B | 45.6B | 50.2B | 53.0B | 60.9B | 64.0B | |
Property Plant And Equipment Net | 3.0B | 3.3B | 3.4B | 3.3B | 3.7B | 2.3B | |
Net Debt | (16.7B) | 94.9B | 114.1B | 131.3B | 151.0B | 158.6B | |
Retained Earnings | 22.1B | 25.8B | 28.8B | 30.4B | 35.0B | 36.7B | |
Cash | 62.5B | 69.3B | 73.3B | 63.2B | 72.6B | 76.3B | |
Non Current Assets Total | 131.1B | 159.9B | 172.3B | 187.8B | 216.0B | 226.8B | |
Non Currrent Assets Other | (131.1B) | (159.9B) | (172.3B) | (187.8B) | (169.0B) | (160.6B) | |
Other Assets | 478.2B | 483.6B | 566.8B | 643.3B | 739.8B | 776.8B | |
Cash And Short Term Investments | 30.4B | 117.1B | 88.1B | 92.7B | 106.6B | 112.0B | |
Common Stock Shares Outstanding | 892.0M | 900.4M | 905.7M | 931.1M | 1.1B | 877.6M | |
Liabilities And Stockholders Equity | 651.6B | 769.6B | 837.7B | 943.6B | 1.1T | 1.1T | |
Non Current Liabilities Total | 43.6B | 45.9B | 88.0B | 91.4B | 105.2B | 110.4B | |
Other Stockholder Equity | 250M | 234M | 220M | 115M | 103.5M | 98.3M | |
Total Liab | 728.2B | 791.9B | 893.2B | 922.5B | 1.1T | 1.1T | |
Property Plant And Equipment Gross | 3.0B | 6.4B | 6.9B | 7.0B | 8.0B | 8.4B | |
Total Current Assets | 42.3B | 126.1B | 98.6B | 112.5B | 101.2B | 61.5B | |
Other Current Liab | (79.3B) | (73.6B) | (85.1B) | (91.4B) | (82.3B) | (78.2B) | |
Total Current Liabilities | 79.3B | 73.6B | 85.1B | 91.4B | 105.2B | 110.4B | |
Accounts Payable | 8.7B | 8.8B | 11.2B | 13.2B | 15.2B | 16.0B | |
Net Receivables | 9.0B | 10.4B | 19.8B | 4.4B | 5.0B | 7.0B | |
Other Current Assets | 22.7B | 27.6B | 34.7B | 45.6B | 41.0B | 77.7B | |
Short Term Debt | 70.8B | 64.9B | 76.2B | 80.2B | 92.2B | 96.9B | |
Accumulated Other Comprehensive Income | 881M | 1.4B | 1.1B | 1.6B | 1.8B | 1.9B | |
Good Will | 5.3B | 5.0B | 5.3B | 5.4B | 6.2B | 3.4B | |
Short Term Investments | 54.6B | 18.9B | 19.4B | 17.3B | 19.9B | 24.7B | |
Intangible Assets | 2.0B | 2.0B | 2.6B | 2.7B | 3.2B | 3.3B | |
Common Stock | 13.6B | 13.9B | 14.4B | 14.7B | 16.9B | 10.0B | |
Other Liab | 9.5B | 10.0B | 10.2B | 12.7B | 14.6B | 9.6B | |
Net Tangible Assets | 28.2B | 31.1B | 35.8B | 39.6B | 45.6B | 28.6B | |
Long Term Debt | 7.2B | 5.9B | 6.3B | 116.8B | 134.4B | 141.1B | |
Inventory | 14M | 25M | 23M | 24M | 27.6M | 22.1M | |
Long Term Investments | 149.7B | 162.1B | 176.5B | 212.0B | 243.8B | 126.7B | |
Short Long Term Debt | 27.1B | 76.2B | 80.2B | 77.7B | 69.9B | 45.0B | |
Property Plant Equipment | 1.8B | 3.0B | 3.3B | 3.4B | 3.9B | 2.5B | |
Long Term Debt Total | 4.7B | 9.1B | 8.0B | 8.5B | 7.6B | 7.9B | |
Capital Surpluse | 125M | 117M | 110M | 115M | 132.3M | 122.1M |
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