ASML (ASML)
ASML Tangible Common Equity Ratio
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ASML Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 39.00% | Mar 2010 |
| Maximum | 58.89% | Sep 2011 |
| Average | 45.04% |
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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ASML News
May 18, 3:49PM Street Insider
May 18, 11:01AM Street Insider
May 15, 12:39PM Seeking Alpha
May 09, 11:48PM Seeking Alpha
about 30 days ago by azendrian
Apr 18, 2:57PM Seeking Alpha
about 39 days ago by dvk1970
about 55 days ago by dvk1970
Mar 16, 6:53AM Seeking Alpha
Mar 15, 7:59AM Seeking Alpha
Mar 13, 11:44PM Seeking Alpha
Mar 12, 6:04AM Seeking Alpha
Mar 11, 1:21PM Seeking Alpha
Feb 14, 3:29PM Seeking Alpha
Feb 13, 2:00AM Business Wire
about 112 days ago by harmongreg
about 131 days ago by trending123
about 136 days ago by chartsmart
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ASML | 46.00 | -0.22 | -0.48% | 19.03B |
| ASMI | 35.28 | -0.28 | -0.79% | 1.954B |
| ASM | 1.24 | -0.01 | -0.72% | 25.52M |
| ASIA | 10.92 | -0.13 | -1.18% | 791.70M |
| ARDNA | 81.80 | +0.80 | +0.99% | 251.13M |
| ARCW | 3.06 | +0.00 | +0.00% | 9.455M |
| ARCL | 11.09 | +0.00 | +0.00% | 292.11M |
| ARCI | 4.07 | -0.02 | -0.49% | 22.59M |
| ARCC | 15.02 | -0.17 | -1.12% | 3.328B |
| ARC | 5.37 | +0.14 | +2.68% | 248.26M |
