Bristol-Myers Squibb Company (BMY)
Bristol-Myers Squibb Company Tangible Common Equity Ratio: 22.27%
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BMY Tangible Common Equity Ratio Rankings
| Overall | 64th percentile | 1575 of 4385 |
| Sector | 71st percentile | 142 of 504 in Healthcare |
| Industry | 60th percentile | 10 of 25 in Drug Manufacturers - Major |
BMY Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 20.47% | Jun 2007 |
| Maximum | 33.62% | Jun 2009 |
| Average | 28.28% |
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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BMY News
May 25, 2:01PM Street Insider
about 3 days ago by biotech
about 4 days ago by N0M0NEY_N0H0NEY
about 12 days ago by TradeBot
about 12 days ago by abubnic
about 12 days ago by abubnic
May 15, 11:17AM Street Insider
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May 15, 11:00AM Business Wire
about 15 days ago by jackdamn
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May 10, 11:00AM Business Wire
about 20 days ago by abubnic
about 21 days ago by earningscast
about 26 days ago by TraderNewburgh
about 26 days ago by russwm
about 27 days ago by earningscast
about 31 days ago by Stockmarketman2
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| BMY | 33.09 | +0.10 | +0.30% | 55.84B |
| BMTI | 2.43 | +0.02 | +0.83% | 68.36M |
| BMRN | 38.64 | +0.13 | +0.34% | 4.468B |
| BMJ | 0.93 | +0.00 | +0.00% | |
| BMI | 36.69 | -0.25 | -0.68% | 550.35M |
| BMC | 43.69 | +0.72 | +1.68% | 7.175B |
| BMA | 13.46 | -0.33 | -2.39% | 785.12M |
| BLX | 19.14 | -0.08 | -0.42% | 540.90M |
| BLV | 93.83 | +0.41 | +0.44% | |
| BLTI | 2.42 | +0.06 | +2.54% | 74.27M |