Broadridge Financial Solutions (BR)
Broadridge Financial Solutions Tangible Common Equity Ratio: -13.31%
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BR Tangible Common Equity Ratio Rankings
| Overall | 89th percentile | 458 of 4385 |
| Sector | 87th percentile | 99 of 814 in Technology |
| Industry | 45th percentile | 6 of 11 in Information & Delivery Services |
BR Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -19.21% | Mar 2011 |
| Maximum | 20.30% | Jun 2010 |
| Average | 4.14% |
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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BR News
May 08, 12:00PM Seeking Alpha
about 20 days ago by earningscast
May 08, 7:08AM Street Insider
May 01, 1:46PM Street Insider
about 38 days ago by mikemost
Apr 20, 11:44AM Marketwire
Apr 20, 11:20AM Marketwire
about 40 days ago by lamonicabuzz
about 40 days ago by lamonicabuzz
about 40 days ago by lamonicabuzz
Apr 17, 3:00AM PR Newswire
Apr 10, 8:00AM PR Newswire
Mar 26, 8:00AM PR Newswire
Mar 19, 8:30AM PR Newswire
Mar 14, 4:30PM CNW Group
Mar 06, 1:44PM Marketwire
Mar 05, 2:40PM Marketwire
Mar 05, 8:00AM PR Newswire
about 111 days ago by earningscast
about 130 days ago by howardlindzon
about 180 days ago by QuantBot
about 193 days ago by abubnic
about 207 days ago by Benzinga
about 234 days ago by MarketBrief
about 290 days ago by DynamicDividend
about 291 days ago by Benzinga
about 339 days ago by 1nvestor
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| BR | 20.54 | -0.06 | -0.29% | 2.548B |
| BQY | 11.80 | +0.11 | +0.94% | |
| BPT | 112.92 | +0.02 | +0.02% | 2.416B |
| CBZ | 5.76 | -0.05 | -0.86% | 288.58M |
| CBT | 38.27 | -0.88 | -2.25% | 2.413B |
| CBST | 39.87 | -0.04 | -0.10% | 2.510B |
| CBSH | 39.00 | -0.06 | -0.15% | 3.473B |
| CBS | 31.56 | -0.07 | -0.22% | 20.48B |
| CBRX | 0.6602 | +0.02 | +3.27% | 57.66M |
| CBRL | 59.82 | +0.35 | +0.59% | 1.375B |