Air Products and Chemicals (APD)
Air Products and Chemicals Tangible Common Equity Ratio: 38.27%
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APD Tangible Common Equity Ratio Rankings
| Overall | 47th percentile | 2284 of 4385 |
| Sector | 65th percentile | 177 of 510 in Basic Materials |
| Industry | 46th percentile | 8 of 15 in Chemicals - Major Diversified |
APD Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 31.66% | Sep 2009 |
| Maximum | 39.02% | Dec 2010 |
| Average | 35.73% |
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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APD News
May 17, 3:24PM Street Insider
May 17, 10:15AM PR Newswire
May 09, 3:30PM PR Newswire
about 25 days ago by Quaker
May 02, 11:45AM PR Newswire
about 33 days ago by 1nvestor
about 33 days ago by earningscast
about 33 days ago by TradeIdeasQuant
about 38 days ago by sld1986
about 54 days ago by TheEquitiesRoom
about 55 days ago by TheEquitiesRoom
about 58 days ago by myplaniq
about 60 days ago by FoolishMikee
about 65 days ago by Quaker
about 73 days ago by gtlackey
about 73 days ago by DynamicDividend
about 74 days ago by Quaker
about 84 days ago by gtlackey
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| APD | 79.94 | -0.51 | -0.63% | 16.84B |
| ANO | 0.298 | +0.00 | +0.00% | 60.16M |
| ANNB | 6.880 | +0.58 | +9.20% | 27.31M |
| ANN | 28.47 | +0.18 | +0.64% | 1.382B |
| ANLY | 3.92 | +0.12 | +3.16% | 19.72M |
| ANIK | 13.63 | +0.02 | +0.15% | 186.32M |
| ANH | 6.73 | +0.02 | +0.30% | 909.56M |
| ANGO | 12.20 | -0.13 | -1.05% | 306.46M |
| ANGN | 5.85 | +0.20 | +3.54% | 22.93M |
| ANF | 36.23 | +0.94 | +2.66% | 3.069B |