Avnet (AVT)
Avnet Tangible Common Equity Ratio: 32.73%
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AVT Tangible Common Equity Ratio Rankings
| Overall | 53rd percentile | 2021 of 4385 |
| Sector | 51st percentile | 412 of 852 in Services |
| Industry | 58th percentile | 5 of 12 in Electronics Wholesale |
AVT Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 28.65% | Dec 2010 |
| Maximum | 38.63% | Jun 2009 |
| Average | 34.79% |
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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AVT News
May 09, 8:01AM Business Wire
May 08, 11:05AM Business Wire
about 21 days ago by HighGrowthFinancial
May 03, 10:45AM Business Wire
May 03, 10:00AM Business Wire
May 01, 9:57PM ACN Newswire
about 31 days ago by earningscast
Apr 26, 11:00AM Benzinga
Apr 19, 11:05AM Business Wire
Apr 16, 12:00PM Business Wire
Apr 16, 11:30AM Business Wire
about 44 days ago by TradeBot
about 54 days ago by 1nvestor
about 59 days ago by 1nvestor
about 61 days ago by chartly
about 61 days ago by 1nvestor
about 64 days ago by cupandhandle69
about 67 days ago by TheEquitiesRoom
about 67 days ago by TheEquitiesRoom
about 80 days ago by KamakuraCo
about 103 days ago by HighGrowthFinancial
about 114 days ago by MarketBrief
about 115 days ago by MarketBrief
about 116 days ago by MarketBrief
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| AVT | 30.55 | -0.11 | -0.36% | 4.431B |
| ATRC | 8.99 | +0.58 | +6.90% | 148.16M |
| ATR | 50.61 | -0.45 | -0.88% | 3.366B |
| ATPG | 5.15 | +0.00 | +0.00% | 268.06M |
| ATO | 32.67 | -0.24 | -0.73% | 2.947B |
| ATNI | 32.59 | -0.04 | -0.12% | 503.52M |
| ATML | 7.29 | +0.12 | +1.67% | 3.287B |
| BABY | 11.22 | +0.02 | +0.18% | 330.32M |
| BAB | 29.70 | +0.01 | +0.03% | |
| BAA | 4.37 | +0.16 | +3.80% | 875.27M |