AmerisourceBergen Corporation (ABC)
AmerisourceBergen Corporation Tangible Common Equity Ratio: -1.29%
View ABC 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
ABC Tangible Common Equity Ratio Rankings
| Overall | 86th percentile | 591 of 4385 |
| Sector | 77th percentile | 192 of 852 in Services |
| Industry | 60th percentile | 2 of 5 in Drugs Wholesale |
ABC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -3.89% | Dec 2007 |
| Maximum | 5.41% | Jun 2007 |
| Average | -0.16% |
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 ABC related companies
ABC News
about 3 days ago by isetest
May 22, 9:07AM Street Insider
about 6 days ago by Attitrade
about 14 days ago by MagicDiligence
about 16 days ago by TradeBot
May 11, 8:30AM Business Wire
May 10, 9:06AM Street Insider
May 10, 9:05AM Business Wire
about 21 days ago by Fernandinho
about 25 days ago by Attitrade
Apr 26, 5:10PM Seeking Alpha
about 31 days ago by earningscast
about 53 days ago by abubnic
about 64 days ago by MarketBrief
about 65 days ago by MarketBrief
about 67 days ago by RecogniaEvents
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ABC | 36.90 | +0.44 | +1.21% | 9.514B |
| 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 |
