ACCO Brands Corporation (ABD)
ACCO Brands Corporation Tangible Common Equity Ratio: -38.45%
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ABD Tangible Common Equity Ratio Rankings
| Overall | 93rd percentile | 273 of 4385 |
| Sector | 90th percentile | 38 of 381 in Consumer Goods |
| Industry | 50th percentile | 2 of 4 in Office Supplies |
ABD Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -52.01% | Mar 2010 |
| Maximum | -12.34% | Dec 2007 |
| Average | -34.96% |
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.
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ABD News
about 17 days ago by bradloncar
about 17 days ago by earningscast
about 23 days ago by bradloncar
about 25 days ago by bradloncar
May 01, 7:00AM PR Newswire
Apr 30, 2:53PM Street Insider
about 30 days ago by inelegantinvest
about 33 days ago by bradloncar
Apr 23, 4:01PM PR Newswire
about 37 days ago by inelegantinvest
about 39 days ago by eWhispers
about 40 days ago by TradeBot
Apr 17, 9:27AM Benzinga
Apr 17, 9:26AM PR Newswire
Apr 17, 8:47AM Street Insider
about 44 days ago by bradloncar
about 58 days ago by MarketBrief
Mar 20, 8:58PM PR Newswire
about 73 days ago by bradloncar
about 80 days ago by bradloncar
about 102 days ago by bradloncar
about 102 days ago by earningscast
about 104 days ago by bradloncar
about 114 days ago by HuberMarketNotes
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ABD | 9.40 | -0.08 | -0.84% | 523.11M |
| ACHN | 7.35 | +0.03 | +0.41% | 518.69M |
| ACH | 10.07 | -0.25 | -2.42% | 1.589B |
| ACGL | 38.31 | -0.31 | -0.80% | 5.188B |
| ACG | 8.20 | +0.00 | +0.00% | |
| ACFN | 8.89 | -0.26 | -2.84% | 157.80M |
| ACFCD | 2.18 | +0.33 | +17.84% | |
| ACFC | 2.18 | +0.33 | +17.84% | |
| ACET | 8.25 | +0.03 | +0.36% | 221.10M |
| ACAS | 9.17 | -0.02 | -0.22% | 3.063B |