Comerica Total Liab vs Accounts Payable Analysis

CMA Stock

USD 51.21 1.04 2.07%

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 Total Liab and its Accounts Payable 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 tightly coupled with the direction of predictive economic indicators such as signals in population.

For information on how to trade Comerica Stock refer to our How to Trade Comerica Stock guide.

Total Liab vs Accounts Payable

Total Liab vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Comerica Total Liab account and Accounts Payable. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Comerica's Total Liab and Accounts Payable is -0.07. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Comerica, assuming nothing else is changed. The correlation between historical values of Comerica's Total Liab and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Comerica are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Total Liab i.e., Comerica's Total Liab and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.07

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Accounts Payable

An accounting item on the balance sheet that represents Comerica obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Comerica are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

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 tightly coupled with the direction of predictive economic indicators such as signals in population.

For information on how to trade Comerica Stock refer to our How to Trade Comerica Stock guide.At present, Comerica's Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 7.7 B, whereas Selling General Administrative is forecasted to decline to about 921 M.

	2021	2022	2023	2024 (projected)
Gross Profit	3.0B	3.5B	5.3B	2.7B
Total Revenue	3.0B	3.5B	5.3B	2.7B

Gross Profit Total Revenue

Comerica fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	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	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Current Liab	Common Stock	Common Stock Total Equity	Other Liab	Accounts Payable	Long Term Debt
Common Stock Shares Outstanding		0.37	0.23	-0.04	0.75	0.92	0.22	0.18	-0.12	-0.09	-0.04	0.83	0.02	0.34	0.59	0.34	0.41	-0.02	-0.4	-0.23	0.51	0.75	0.65	0.4	0.57	0.2
Total Assets	0.37		0.51	0.08	0.79	0.42	-0.43	0.79	0.65	0.15	-0.06	0.37	0.61	0.91	0.14	-0.58	0.56	0.5	0.59	0.24	-0.18	0.87	0.85	-0.36	-0.31	0.17
Short Long Term Debt Total	0.23	0.51		0.59	0.32	0.22	0.36	0.74	0.07	0.62	0.55	0.2	-0.2	0.66	0.1	-0.59	0.33	0.44	0.21	0.56	-0.27	0.59	0.71	-0.32	-0.41	0.72
Total Current Liabilities	-0.04	0.08	0.59		-0.17	-0.07	0.18	0.56	0.17	0.97	0.97	0.01	-0.61	0.31	0.12	-0.52	0.14	0.68	-0.04	0.85	-0.14	0.1	0.32	-0.29	-0.42	0.22
Total Stockholder Equity	0.75	0.79	0.32	-0.17		0.72	-0.28	0.47	0.4	-0.09	-0.22	0.57	0.52	0.6	0.19	-0.09	0.42	0.06	0.19	-0.25	0.05	0.89	0.78	-0.06	0.27	0.32
Property Plant And Equipment Net	0.92	0.42	0.22	-0.07	0.72		0.08	0.18	0.01	-0.1	-0.09	0.7	0.15	0.39	0.49	0.27	0.35	0.08	-0.24	-0.2	0.38	0.75	0.64	0.46	0.41	0.18
Net Debt	0.22	-0.43	0.36	0.18	-0.28	0.08		-0.18	-0.89	0.05	0.28	0.25	-0.71	-0.19	0.37	0.32	-0.02	-0.27	-0.62	0.06	0.34	-0.08	-0.03	0.31	0.2	0.38
Retained Earnings	0.18	0.79	0.74	0.56	0.47	0.18	-0.18		0.57	0.62	0.43	0.14	0.21	0.82	0.08	-0.85	0.5	0.76	0.57	0.68	-0.36	0.68	0.72	-0.56	-0.59	0.35
Cash	-0.12	0.65	0.07	0.17	0.4	0.01	-0.89	0.57		0.32	0.06	-0.21	0.6	0.48	-0.34	-0.64	0.15	0.55	0.74	0.27	-0.49	0.32	0.32	-0.5	-0.43	-0.07
Non Current Assets Total	-0.09	0.15	0.62	0.97	-0.09	-0.1	0.05	0.62	0.32		0.95	-0.13	-0.5	0.31	-0.1	-0.63	0.1	0.66	0.12	0.79	-0.36	0.12	0.33	-0.39	-0.46	0.34
Non Currrent Assets Other	-0.04	-0.06	0.55	0.97	-0.22	-0.09	0.28	0.43	0.06	0.95		-0.02	-0.72	0.18	0.06	-0.41	0.07	0.54	-0.16	0.74	-0.13	0.01	0.24	-0.2	-0.32	0.28
Other Assets	0.83	0.37	0.2	0.01	0.57	0.7	0.25	0.14	-0.21	-0.13	-0.02		-0.06	0.46	0.88	0.35	0.48	0.05	-0.51	-0.06	0.8	0.66	0.63	0.31	0.45	-0.09
Cash And Short Term Investments	0.02	0.61	-0.2	-0.61	0.52	0.15	-0.71	0.21	0.6	-0.5	-0.72	-0.06		0.34	-0.21	-0.23	0.17	0.03	0.7	-0.31	-0.26	0.36	0.17	-0.22	-0.15	-0.14
Net Receivables	0.34	0.91	0.66	0.31	0.6	0.39	-0.19	0.82	0.48	0.31	0.18	0.46	0.34		0.35	-0.6	0.61	0.65	0.43	0.49	-0.04	0.84	0.89	-0.24	-0.44	0.13
Non Current Liabilities Total	0.59	0.14	0.1	0.12	0.19	0.49	0.37	0.08	-0.34	-0.1	0.06	0.88	-0.21	0.35		0.31	0.41	0.19	-0.55	0.18	0.88	0.4	0.38	0.32	0.24	-0.3
Other Stockholder Equity	0.34	-0.58	-0.59	-0.52	-0.09	0.27	0.32	-0.85	-0.64	-0.63	-0.41	0.35	-0.23	-0.6	0.31		-0.25	-0.71	-0.8	-0.72	0.69	-0.27	-0.36	0.7	0.86	-0.27
Total Liab	0.41	0.56	0.33	0.14	0.42	0.35	-0.02	0.5	0.15	0.1	0.07	0.48	0.17	0.61	0.41	-0.25		0.57	0.11	0.21	0.18	0.61	0.62	-0.07	-0.07	-0.09
Property Plant And Equipment Gross	-0.02	0.5	0.44	0.68	0.06	0.08	-0.27	0.76	0.55	0.66	0.54	0.05	0.03	0.65	0.19	-0.71	0.57		0.42	0.83	-0.19	0.37	0.47	-0.34	-0.64	-0.12
Total Current Assets	-0.4	0.59	0.21	-0.04	0.19	-0.24	-0.62	0.57	0.74	0.12	-0.16	-0.51	0.7	0.43	-0.55	-0.8	0.11	0.42		0.27	-0.78	0.2	0.16	-0.57	-0.71	0.12
Short Term Debt	-0.23	0.24	0.56	0.85	-0.25	-0.2	0.06	0.68	0.27	0.79	0.74	-0.06	-0.31	0.49	0.18	-0.72	0.21	0.83	0.27		-0.19	0.12	0.29	-0.4	-0.75	0.02
Other Current Liab	0.51	-0.18	-0.27	-0.14	0.05	0.38	0.34	-0.36	-0.49	-0.36	-0.13	0.8	-0.26	-0.04	0.88	0.69	0.18	-0.19	-0.78	-0.19		0.1	0.06	0.5	0.56	-0.44
Common Stock	0.75	0.87	0.59	0.1	0.89	0.75	-0.08	0.68	0.32	0.12	0.01	0.66	0.36	0.84	0.4	-0.27	0.61	0.37	0.2	0.12	0.1		0.95	-0.05	0.01	0.31
Common Stock Total Equity	0.65	0.85	0.71	0.32	0.78	0.64	-0.03	0.72	0.32	0.33	0.24	0.63	0.17	0.89	0.38	-0.36	0.62	0.47	0.16	0.29	0.06	0.95		-0.1	-0.07	0.32
Other Liab	0.4	-0.36	-0.32	-0.29	-0.06	0.46	0.31	-0.56	-0.5	-0.39	-0.2	0.31	-0.22	-0.24	0.32	0.7	-0.07	-0.34	-0.57	-0.4	0.5	-0.05	-0.1		0.49	-0.23
Accounts Payable	0.57	-0.31	-0.41	-0.42	0.27	0.41	0.2	-0.59	-0.43	-0.46	-0.32	0.45	-0.15	-0.44	0.24	0.86	-0.07	-0.64	-0.71	-0.75	0.56	0.01	-0.07	0.49		-0.06
Long Term Debt	0.2	0.17	0.72	0.22	0.32	0.18	0.38	0.35	-0.07	0.34	0.28	-0.09	-0.14	0.13	-0.3	-0.27	-0.09	-0.12	0.12	0.02	-0.44	0.31	0.32	-0.23	-0.06

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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
Total Current Liabilities	71M	905M	877M	3.2B	31.4B	33.0B
Total Stockholder Equity	7.3B	8.1B	7.9B	5.2B	6.4B	5.6B
Property Plant And Equipment Net	457M	459M	454M	400M	445M	495.2M
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	75.9B	79.7B
Non Currrent Assets Other	(326M)	(16.3B)	(18.3B)	(19.8B)	67.0B	70.4B
Other Assets	36.0B	34.9B	30.2B	53.7B	61.8B	43.5B
Cash And Short Term Investments	18.4B	31.0B	39.9B	25.5B	(1.4B)	(1.4B)
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	48.0B	50.4B
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
Property Plant And Equipment Gross	457M	459M	1.5B	1.3B	1.4B	1.5B
Total Current Assets	23.8B	36.9B	46.1B	31.3B	9.9B	8.7B
Short Term Debt	71M	905M	877M	3.2B	3.6B	3.7B
Other Current Liab	(71M)	(905M)	(877M)	40.0B	27.8B	24.5B
Accumulated Other Comprehensive Income	(235M)	168M	(212M)	(3.7B)	(3.0B)	(2.9B)
Other Liab	426M	44M	30M	214M	192.6M	183.0M
Accounts Payable	45M	875M	848M	(40.0B)	(32M)	(30.4M)
Long Term Debt	7.3B	5.7B	2.8B	3.0B	5.2B	5.5B
Short Term Investments	12.6B	15.2B	17.2B	19.2B	1.2B	1.1B
Inventory	(6.0B)	(16.1B)	(23.0B)	(6.5B)	(5.9B)	(5.6B)
Treasury Stock	(5.3B)	(5.5B)	(6.1B)	(6.1B)	(5.5B)	(5.2B)
Intangible Assets	2M	1M	642M	667M	114M	172.6M
Property Plant Equipment	457M	459M	454M	400M	460M	559.1M
Net Tangible Assets	7.3B	7.7B	6.9B	4.8B	4.3B	5.6B
Retained Earnings Total Equity	8.8B	9.5B	9.6B	11.3B	12.9B	8.4B
Long Term Debt Total	7.3B	5.7B	2.8B	3.0B	2.7B	3.7B
Capital Surpluse	2.2B	2.2B	2.2B	2.2B	2.6B	2.3B

Pair Trading with Comerica

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Comerica position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Comerica will appreciate offsetting losses from the drop in the long position's value.

Moving together with Comerica Stock

0.7

Prosperity Bancshares Financial Report 24th of July 2024

Pair Corr

The ability to find closely correlated positions to Comerica could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Comerica when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Comerica - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Comerica to buy it.

The correlation of Comerica is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Comerica moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Comerica moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Comerica can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Comerica offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Comerica's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Comerica Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Comerica Stock:

How To Invest In Comerica

Details

Is Comerica Stock a good investment?

Details

What is Comerica's Net Worth?

Details

Largest Banks - Regional Companies

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Largest Financial Services Companies

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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 tightly coupled with the direction of predictive economic indicators such as signals in population.

For information on how to trade Comerica Stock refer to our How to Trade Comerica Stock guide.

You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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When running Comerica's price analysis, check to measure Comerica's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Comerica is operating at the current time. Most of Comerica's value examination focuses on studying past and present price action to predict the probability of Comerica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Comerica's price. Additionally, you may evaluate how the addition of Comerica to your portfolios can decrease your overall portfolio volatility.

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Is Comerica's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Comerica. If investors know Comerica will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Comerica listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.59)

Dividend Share

2.84

Earnings Share

5.03

Revenue Per Share

25.051

Quarterly Revenue Growth

(0.20)

The market value of Comerica is measured differently than its book value, which is the value of Comerica that is recorded on the company's balance sheet. Investors also form their own opinion of Comerica's value that differs from its market value or its book value, called intrinsic value, which is Comerica's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Comerica's market value can be influenced by many factors that don't directly affect Comerica's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Comerica's value and its price as these two are different measures arrived at by different means. Investors typically determine if Comerica is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Comerica's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Comerica Total Liab vs Accounts Payable Analysis

Total Liab vs Accounts Payable

Total Liab vs Accounts Payable Correlation Analysis

Correlation Coefficient

Total Liab

Accounts Payable

Comerica fundamental ratios Correlations

Comerica Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Comerica fundamental ratios Accounts

Pair Trading with Comerica

Moving together with Comerica Stock

Complementary Tools for Comerica Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 0.97	Total Current Liabilities
Non Currrent Assets Other	+ 0.97	Total Current Liabilities
Non Currrent Assets Other	+ 0.95	Non Current Assets Total
Common Stock Total Equity	+ 0.95	Common Stock
Property Plant And Equipment Net	+ 0.92	Common Stock Shares Outstanding
Net Receivables	+ 0.91	Total Assets

Cash	- 0.89	Net Debt
Other Stockholder Equity	- 0.85	Retained Earnings
Total Current Assets	- 0.8	Other Stockholder Equity
Other Current Liab	- 0.78	Total Current Assets
Accounts Payable	- 0.75	Short Term Debt
Short Term Debt	- 0.72	Other Stockholder Equity