Autoliv (ALV)
Autoliv Tangible Common Equity Ratio: 37.06%
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ALV Tangible Common Equity Ratio Rankings
| Overall | 49th percentile | 2222 of 4385 |
| Sector | 50th percentile | 187 of 381 in Consumer Goods |
| Industry | 48th percentile | 17 of 33 in Auto Parts |
ALV Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 12.39% | Dec 2008 |
| Maximum | 37.10% | Dec 2011 |
| Average | 23.49% |
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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ALV News
about 13 days ago by DynamicDividend
about 24 days ago by MarketBrief
May 01, 8:09AM Street Insider
about 30 days ago by earningscast
about 34 days ago by thestockbandit
about 46 days ago by StockTwits
about 58 days ago by donfry53
about 59 days ago by donfry53
about 59 days ago by donfry53
about 62 days ago by MarketBrief
Mar 15, 4:47PM Street Insider
Mar 15, 4:39PM Benzinga
Mar 15, 4:36PM Business Wire
about 96 days ago by DynamicDividend
about 116 days ago by earningscast
about 130 days ago by rdecaire
about 180 days ago by StockTwits
about 180 days ago by ycharts
about 181 days ago by MagicDiligence
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ALV | 57.16 | -0.25 | -0.44% | 5.116B |
| ALU | 1.67 | +0.07 | +4.38% | 3.883B |
| ALTR | 34.42 | +0.66 | +1.96% | 11.11B |
| ALTI | 0.66 | +0.00 | +0.00% | 45.84M |
| ALTH | 1.80 | +0.00 | +0.00% | 192.53M |
| ALTE | 22.72 | -0.28 | -1.22% | 2.292B |
| ALT | 48.95 | -0.07 | -0.14% | |
| ALSK | 1.85 | +0.00 | +0.00% | 83.86M |
| ALR | 18.62 | +0.05 | +0.27% | 1.495B |
| ALOT | 8.00 | +0.00 | +0.00% | 59.20M |
