Ashland (ASH)
Ashland Tangible Common Equity Ratio: -15.75%
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ASH Tangible Common Equity Ratio Rankings
| Overall | 90th percentile | 433 of 4385 |
| Sector | 97th percentile | 11 of 510 in Basic Materials |
| Industry | 93rd percentile | 1 of 15 in Chemicals - Major Diversified |
ASH Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -18.47% | Dec 2011 |
| Maximum | 54.29% | Jun 2008 |
| Average | 18.12% |
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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ASH News
about 16 days ago by hertcapital
about 18 days ago by Val_U_Investor
about 18 days ago by hertcapital
about 33 days ago by earningscast
Apr 24, 6:02AM Thomson Reuters ONE
about 38 days ago by sld1986
Apr 12, 6:11PM JCN Newswire
Apr 09, 9:00AM PR Newswire
about 54 days ago by TheOxenGroup
about 71 days ago by cupandhandle69
about 71 days ago by chessNwine
about 72 days ago by redman59
about 80 days ago by Xiphos_Trading
about 102 days ago by chartsmart
about 103 days ago by Marketsquawk
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ASH | 64.40 | -0.81 | -1.24% | 5.043B |
| ASG | 4.00 | -0.01 | -0.25% | |
| ASFI | 8.96 | +0.08 | +0.90% | 131.17M |
| ASEI | 49.46 | +1.29 | +2.68% | 441.18M |
| APOG | 14.97 | -0.02 | -0.13% | 419.46M |
| APL | 31.77 | +0.17 | +0.54% | 1.704B |
| APKT | 23.24 | +0.28 | +1.22% | 1.584B |
| API | 0.657 | +0.02 | +2.66% | 20.35M |
| APH | 53.22 | -0.04 | -0.08% | 8.692B |
| APFC | 8.42 | +0.12 | +1.45% | 64.08M |
