Canadian Imperial Bank Of Commerce (CM) — Defensive Interval Ratio

Latest as of April 2026: 220 days

Canadian Imperial Bank Of Commerce (CM) has a Defensive Interval Ratio of 220 days as of April 2026. Defensive assets of CA$98.78 Billion (cash CA$-, short-term investments CA$98.78 Billion, receivables CA$-) cover 220 days of daily cash needs of CA$448.73 Million/day. See Canadian Imperial Bank Of Commerce (CM) working capital ratio to evaluate short-term liquidity relative to the company's equity base.

Defensive Interval Ratio

220 days
Days of operational coverage

Defensive Assets

CA$98.78 Billion
Cash + ST Investments + Receivables

Daily Cash Need

CA$448.73 Million
Current Liabilities ÷ 365

Current Liabilities

CA$163.79 Billion
CAD

Canadian Imperial Bank Of Commerce Defensive Interval Ratio (1998–2025)

This chart shows how Canadian Imperial Bank Of Commerce's Defensive Interval Ratio has evolved across 28 annual periods from 1998 to 2025. As of April 2026, the ratio stands at 220 days, meaning defensive assets of CA$98.78 Billion can fund 220 days of operations without new revenue. See CM net asset quality score to measure how much of total assets are equity-financed.

Annual Defensive Interval Ratio for Canadian Imperial Bank Of Commerce (1998–2025)

The table below presents the year-by-year Defensive Interval Ratio for Canadian Imperial Bank Of Commerce from 1998 to 2025, covering 28 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. For live market cap and the full company financial profile, see CM market cap overview.

Year DIR (days) Defensive Assets (CAD) Daily Cash Need Cash ST Investments Change (days)
2025 23 days CA$53.97 Billion CA$2.32 Billion/day CA$- CA$37.06 Billion ▼ -1 days
2024 24 days CA$52.35 Billion CA$2.18 Billion/day CA$- CA$37.22 Billion ▲ +2 days
2023 22 days CA$31.27 Billion CA$1.44 Billion/day CA$- CA$17.35 Billion ▼ -135 days
2022 156 days CA$39.15 Billion CA$250.53 Million/day CA$- CA$19.39 Billion ▲ +31 days
2021 126 days CA$29.28 Billion CA$233.10 Million/day CA$- CA$18.88 Billion ▼ -190 days
2020 315 days CA$63.54 Billion CA$201.62 Million/day CA$- CA$54.55 Billion ▲ +201 days
2019 115 days CA$24.90 Billion CA$217.17 Million/day CA$- CA$13.00 Billion ▼ -106 days
2018 221 days CA$46.62 Billion CA$210.82 Million/day CA$- CA$36.21 Billion ▲ +173 days
2017 48 days CA$10.36 Billion CA$216.62 Million/day CA$- CA$1.69 Billion ▼ -180 days
2016 228 days CA$46.33 Billion CA$203.20 Million/day CA$- CA$37.25 Billion ▲ +25 days
2015 203 days CA$37.05 Billion CA$182.59 Million/day CA$- CA$28.53 Billion ▼ -1233 days
2014 1436 days CA$12.38 Billion CA$8.62 Million/day CA$- CA$5.74 Billion ▼ -121 days
2013 1557 days CA$13.59 Billion CA$8.73 Million/day CA$- CA$8.00 Billion ▲ +1383 days
2012 174 days CA$12.79 Billion CA$73.42 Million/day CA$- CA$6.19 Billion ▲ +63 days
2011 111 days CA$7.20 Billion CA$64.73 Million/day CA$- CA$1.13 Billion ▼ -460 days
2010 572 days CA$33.54 Billion CA$58.69 Million/day CA$- CA$26.62 Billion ▲ +64 days
2009 507 days CA$28.49 Billion CA$56.14 Million/day CA$- CA$20.09 Billion ▼ -893 days
2008 1400 days CA$25.13 Billion CA$17.95 Million/day CA$- CA$13.30 Billion ▼ -2836 days
2007 4236 days CA$22.42 Billion CA$5.29 Million/day CA$- CA$17.43 Billion ▲ +3053 days
2006 1182 days CA$21.21 Billion CA$17.94 Million/day CA$- CA$17.77 Billion ▲ +812 days
2005 370 days CA$1.73 Billion CA$4.66 Million/day CA$- CA$- ▲ +118 days
2004 252 days CA$903.44 Million CA$3.58 Million/day CA$- CA$- ▼ -122 days
2003 375 days CA$1.09 Billion CA$2.91 Million/day CA$- CA$- ▲ +13 days
2002 361 days CA$1.42 Billion CA$3.94 Million/day CA$- CA$- ▲ +95 days
2001 266 days CA$1.50 Billion CA$5.66 Million/day CA$- CA$- ▲ +47 days
2000 219 days CA$1.57 Billion CA$7.16 Million/day CA$- CA$- ▲ +31 days
1999 188 days CA$1.24 Billion CA$6.58 Million/day CA$- CA$- ▲ +29 days
1998 159 days CA$1.98 Billion CA$12.45 Million/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)