Analog Devices (ADI)
Analog Devices Tangible Common Equity Ratio: 70.86%
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ADI Tangible Common Equity Ratio Rankings
| Overall | 17th percentile | 3613 of 4385 |
| Sector | 29th percentile | 572 of 814 in Technology |
| Industry | 48th percentile | 24 of 47 in Semiconductor - Integrated Circuits |
ADI Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 67.78% | Apr 2011 |
| Maximum | 82.65% | Apr 2009 |
| Average | 73.54% |
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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ADI News
about 2 days ago by abubnic
about 2 days ago by abubnic
May 25, 10:31AM Street Insider
May 23, 1:36PM Street Insider
May 23, 10:36AM Street Insider
May 23, 8:58AM Street Insider
May 23, 8:41AM Street Insider
May 23, 8:23AM Benzinga
about 4 days ago by earningscast
May 21, 5:23PM Street Insider
May 16, 3:11AM Benzinga
May 15, 9:46AM Business Wire
May 09, 11:05AM Street Insider
May 08, 4:03PM Business Wire
about 21 days ago by Dividendinvestor
May 02, 12:01AM Business Wire
about 38 days ago by MomentumPartnersLLC
about 39 days ago by RecogniaEvents
about 39 days ago by RecogniaEvents
Apr 12, 8:00AM Business Wire
Apr 05, 8:00AM Business Wire
about 59 days ago by STtech
about 71 days ago by daytrader111
about 75 days ago by earningscast
about 88 days ago by dcdaytrader
about 89 days ago by dcdaytrader
about 91 days ago by gtlackey
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ADI | 36.19 | +0.19 | +0.53% | 10.78B |
| ADGF | 10.79 | +0.01 | +0.06% | 86.32M |
| ADGE | 2.83 | +0.04 | +1.43% | 129.90M |
| ADES | 25.91 | -0.59 | -2.23% | 259.10M |
| ACPW | 0.7397 | -0.00 | -0.04% | 70.19M |
| ACOR | 22.54 | -0.12 | -0.53% | 894.84M |
| ACOM | 21.88 | +0.09 | +0.41% | 937.78M |
| ACO | 29.03 | -0.83 | -2.78% | 924.90M |
| ACN | 57.44 | -0.55 | -0.95% | 37.18B |
| ACM | 16.69 | +0.06 | +0.36% | 1.955B |