Loan & DebtMay 28, 2026, 07:11 AM
CIBC Reports 33.6x Earnings Coverage on Subordinated Debt
AI Summary
Canadian Imperial Bank of Commerce reported strong earnings coverage on its subordinated indebtedness for the 12-month period ended April 30, 2026. The bank's earnings before income taxes and interest requirements on subordinated indebtedness were $12,561 million. This figure covered its $374 million interest requirements by 33.6 times, indicating a robust ability to meet its debt obligations.
Key Highlights
- Earnings coverage on subordinated indebtedness was 33.6 times for the 12-month period.
- Interest requirements on subordinated indebtedness totaled $374 million.
- Earnings before income taxes and interest requirements were $12,561 million.
- The ratio is calculated based on International Financial Reporting Standards (IFRS).
- Non-controlling interests were adjusted to before-tax equivalents for the calculation.
Price Impact
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