ABB (ABB)
ABB Tangible Common Equity Ratio: 23.56%
View ABB Tangible Common Equity Ratio with YCharts Pro.
Access these YCharts Pro features:
Export any data you want
Save any chart as an image
Utilize advanced screener power
View 30 years of financial history
over 90 advanced calculations
Enjoy an advertising free experience
ABB Tangible Common Equity Ratio Rankings
| Overall | 63rd percentile | 1610 of 4385 |
| Sector | 65th percentile | 110 of 317 in Industrial Goods |
| Industry | 65th percentile | 15 of 43 in Industrial Electrical Equipment |
ABB Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 20.54% | Jun 2007 |
| Maximum | 36.50% | Mar 2010 |
| Average | 29.04% |
About Tangible Common Equity Ratio
The tangible common equity (TCE) ratio is a useful number to gauge leverage of a financial firm. Specifically, it answers the question: "How much can the value of a bank's assets fall before the entire value of tangible* common equity is wiped out?"
For example, assume a bank as a TCE ratio of 5%. If the value of all of the banks assets fell by 5%, theoretically stockholders would no longer have a claim on the bank's tangible assets.
Another way of thinking about the TCE ratio of 5% is that the remaining 95% of the bank's tangible assets have been purchased using loaned funds that the bank must repay.
This ratio is worth spending time with. Once investors understand its implications, they rarely look at banking businesses the same way.
* The word tangible, in accounting, essentially means anything that can be touched or traded. Cash, buildings, accounts receivable, inventories and stock holdings of a business are all tangible assets. Trade secrets, patents, copyrights, and goodwill are not tangible assets, even though they may have value.
Learn More
You may also be interested in these ABB related companies
ABB News
about 3 days ago by sld1986
about 4 days ago by sld1986
May 18, 9:00AM Marketwire
about 12 days ago by sld1986
about 17 days ago by myplaniq
about 27 days ago by azendrian
about 31 days ago by sld1986
about 32 days ago by sld1986
about 33 days ago by DynamicDividend
Apr 18, 8:10AM Marketwire
about 42 days ago by Good2go
about 45 days ago by MawiLoca
about 45 days ago by sld1986
Apr 02, 5:49PM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ABB | 16.18 | -0.22 | -1.34% | 37.45B |
| ADAT | 0.70 | -0.03 | -3.89% | 37.66M |
| ACY | 11.95 | -0.80 | -6.27% | 18.40M |
| ACXM | 13.97 | +0.69 | +5.20% | 1.092B |
| ACWX | 35.79 | -0.08 | -0.22% | |
| ACW | 5.92 | +0.05 | +0.85% | 280.13M |
| ACUR | 3.05 | +0.28 | +10.11% | 139.87M |
| ACU | 10.66 | +0.45 | +4.41% | 33.05M |
| ACTV | 13.88 | +0.08 | +0.58% | 802.54M |
| ACTS | 1.66 | +0.01 | +0.61% | 115.67M |
