Amgen (AMGN)
Amgen Tangible Common Equity Ratio: 9.82%
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AMGN Tangible Common Equity Ratio Rankings
| Overall | 75th percentile | 1092 of 4385 |
| Sector | 78th percentile | 109 of 504 in Healthcare |
| Industry | 84th percentile | 24 of 159 in Biotechnology |
AMGN Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 9.16% | Jun 2007 |
| Maximum | 37.57% | Mar 2011 |
| Average | 25.59% |
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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AMGN News
about 2 days ago by xpertstocktrader
about 3 days ago by TradeIdeasQuant
about 3 days ago by harmongreg
May 21, 12:17PM Street Insider
about 9 days ago by TomAspray
about 10 days ago by TradeIdeasQuant
about 10 days ago by RatioCynic
about 10 days ago by xpertstocktrader
May 16, 6:05PM Street Insider
May 16, 6:04PM Street Insider
about 13 days ago by RatioCynic
May 01, 5:03PM PR Newswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| AMGN | 69.05 | -0.05 | -0.07% | 54.16B |
| AMG | 103.47 | -0.33 | -0.32% | 5.356B |
| AME | 49.22 | -0.44 | -0.89% | 7.911B |
| AMD | 6.22 | +0.20 | +3.32% | 4.350B |
| AIQ | 1.05 | -0.02 | -1.87% | 55.99M |
| AINV | 7.46 | -0.03 | -0.40% | 1.470B |
| AIN | 18.72 | +0.45 | +2.46% | 585.94M |
| AIMC | 17.11 | -0.24 | -1.38% | 460.94M |
| ALC | 14.57 | -0.13 | -0.88% | 334.67M |
| ALB | 61.43 | +0.94 | +1.55% | 5.464B |
