American Electric Power Company (AEP)
American Electric Power Company Tangible Common Equity Ratio: 27.96%
View AEP 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
AEP Tangible Common Equity Ratio Rankings
| Overall | 59th percentile | 1780 of 4385 |
| Sector | 52nd percentile | 56 of 117 in Utilities |
| Industry | 47th percentile | 28 of 53 in Electric Utilities |
AEP Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 23.59% | Dec 2008 |
| Maximum | 28.52% | Sep 2011 |
| Average | 26.26% |
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 AEP related companies
AEP News
about 3 days ago by eyeonequities
May 18, 9:07AM Street Insider
about 15 days ago by harmongreg
about 20 days ago by azendrian
about 24 days ago by KSun00
May 01, 10:02AM Street Insider
about 27 days ago by KSun00
about 27 days ago by KSun00
about 27 days ago by deeppocketoptions
about 29 days ago by KSun00
about 31 days ago by KSun00
about 32 days ago by 1nvestor
about 36 days ago by 1nvestor
about 37 days ago by TradeBot
about 37 days ago by earningscast
about 37 days ago by AEP
about 37 days ago by StockTwits
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| AEP | 38.23 | +0.25 | +0.66% | 18.50B |
| AEO | 19.99 | +0.39 | +1.99% | 3.915B |
| ADES | 25.91 | -0.59 | -2.23% | 259.10M |
| ADEP | 4.53 | +0.01 | +0.22% | 43.85M |
| ADC | 21.00 | +0.14 | +0.67% | 240.24M |
| ADBE | 31.60 | +0.06 | +0.19% | 15.60B |
| ADAT | 0.70 | -0.03 | -3.89% | 37.66M |
| AIMC | 17.11 | -0.24 | -1.38% | 460.94M |
| AIM | 3.84 | -0.04 | -1.03% | 14.48M |
| AIG | 28.99 | -0.42 | -1.43% | 54.99B |
