Applied Materials (AMAT)
Applied Materials Tangible Common Equity Ratio: 38.94%
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AMAT Tangible Common Equity Ratio Rankings
| Overall | 47th percentile | 2312 of 4385 |
| Sector | 62nd percentile | 305 of 814 in Technology |
| Industry | 90th percentile | 4 of 43 in Semiconductor Equipment & Materials |
AMAT Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 38.94% | Apr 2012 |
| Maximum | 69.40% | Oct 2007 |
| Average | 62.26% |
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.
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AMAT News
May 23, 10:50AM Street Insider
May 21, 10:21AM Benzinga
about 7 days ago by WorldJazz59
May 18, 3:49PM Street Insider
May 18, 9:59AM Wall St. Cheat Sheet
May 18, 8:31AM Benzinga
May 18, 8:03AM Street Insider
about 9 days ago by bradloncar
May 17, 8:07PM The Wall Street Journal
May 17, 8:00PM Seeking Alpha
May 17, 4:50PM Wall St. Cheat Sheet
about 10 days ago by earningscast
May 17, 8:57AM Seeking Alpha
about 12 days ago by DynamicDividend
May 15, 7:29AM Street Insider
about 28 days ago by gtlackey
about 33 days ago by MercenaryMike
about 35 days ago by ChartLabPro
about 35 days ago by MagicDiligence
about 60 days ago by silke33
about 60 days ago by bradloncar
about 63 days ago by andrewnyquist
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| AMAT | 10.54 | +0.16 | +1.54% | 13.61B |
| AMAP | 11.34 | -0.16 | -1.39% | 555.09M |
| AMAG | 13.90 | +0.35 | +2.58% | 294.68M |
| AM | 14.27 | -0.10 | -0.70% | 546.83M |
| ALXN | 92.42 | -0.68 | -0.73% | 17.19B |
| ALX | 391.06 | +0.06 | +0.02% | 1.998B |
| ALVR | 0.49 | +0.03 | +6.52% | 28.41M |
| AMNB | 22.00 | -0.24 | -1.08% | 172.26M |
| AMLP | 15.95 | +0.05 | +0.31% | |
| AMLN | 27.96 | +2.16 | +8.37% | 4.496B |