Anadarko Petroleum Corporation (APC)
Anadarko Petroleum Corporation Tangible Common Equity Ratio: 31.50%
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APC Tangible Common Equity Ratio Rankings
| Overall | 55th percentile | 1969 of 4385 |
| Sector | 75th percentile | 126 of 510 in Basic Materials |
| Industry | 79th percentile | 19 of 93 in Independent Oil & Gas |
APC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 23.79% | Jun 2007 |
| Maximum | 35.30% | Jun 2011 |
| Average | 30.99% |
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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APC News
about 2 days ago by reformedbroker
about 5 days ago by TradeIdeasQuant
about 5 days ago by mytfine
about 5 days ago by mytfine
about 5 days ago by mytfine
about 5 days ago by johnkelly
about 9 days ago by mytfine
about 11 days ago by StockOperator
about 12 days ago by AaronJ
May 15, 4:39PM Street Insider
about 13 days ago by mytfine
May 10, 2:24PM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| APC | 63.08 | -0.57 | -0.90% | 31.89B |
| APAGF | 23.59 | +0.69 | +3.01% | 694.49M |
| APA | 82.38 | +0.29 | +0.35% | 31.66B |
| AP | 15.80 | +0.05 | +0.32% | 163.21M |
| AOS | 45.40 | -0.76 | -1.65% | 2.086B |
| AONE | 1.01 | -0.02 | -1.94% | 148.33M |
| AON | 47.39 | +0.04 | +0.08% | 15.41B |
| ASTE | 28.39 | -0.11 | -0.39% | 644.74M |
| ASRV | 2.60 | -0.11 | -4.06% | 53.25M |
| ASR | 71.20 | +0.68 | +0.96% | 1.972B |
