Abbott Laboratories (ABT)
Abbott Laboratories Tangible Common Equity Ratio: -0.41%
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ABT Tangible Common Equity Ratio Rankings
| Overall | 86th percentile | 610 of 4385 |
| Sector | 83rd percentile | 83 of 504 in Healthcare |
| Industry | 84th percentile | 4 of 25 in Drug Manufacturers - Major |
ABT Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -24.11% | Sep 2010 |
| Maximum | 11.57% | Sep 2008 |
| Average | -1.45% |
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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ABT News
about 5 days ago by TheEquitiesRoom
about 6 days ago by john_abot
about 9 days ago by AlphaoverBetaTrading
about 11 days ago by leahcim474
about 19 days ago by earningscast
about 19 days ago by epime7heus
about 20 days ago by epime7heus
about 24 days ago by baumusc
about 28 days ago by harmongreg
about 30 days ago by selectstock
about 30 days ago by indiantraveler
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ABT | 62.25 | -0.17 | -0.27% | 97.88B |
| ABR | 5.85 | +0.04 | +0.69% | 141.22M |
| ABMD | 20.80 | -1.12 | -5.11% | 810.99M |
| ABM | 21.73 | +0.05 | +0.23% | 1.159B |
| ABIO | 0.69 | +0.14 | +25.45% | 7.259M |
| ABH | 11.83 | +0.00 | +0.00% | 1.149B |
| ABFS | 12.99 | +0.15 | +1.17% | 330.60M |
| 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 |
