Brocade Communications Systems (BRCD)
Brocade Communications Systems Tangible Common Equity Ratio: 65.68%
View BRCD Tangible Common Equity Ratio with YCharts Pro.
Access these YCharts Pro features:
Export any data you want
Save any chart as an image
Utilize advanced screener power
View 30 years of financial history
over 90 advanced calculations
Enjoy an advertising free experience
BRCD Tangible Common Equity Ratio Rankings
| Overall | 22nd percentile | 3414 of 4385 |
| Sector | 36th percentile | 520 of 814 in Technology |
| Industry | 27th percentile | 13 of 18 in Data Storage Devices |
BRCD Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -59.69% | Jan 2009 |
| Maximum | 65.68% | Apr 2012 |
| Average | 10.71% |
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.
Learn More
You may also be interested in these BRCD related companies
BRCD News
about 10 days ago by Linc4Justice
about 10 days ago by makinezmoney
May 18, 10:43AM Benzinga
May 18, 9:55AM Benzinga
about 10 days ago by makinezmoney
May 18, 7:48AM Street Insider
May 18, 1:00AM Seeking Alpha
about 11 days ago by earningscast
May 17, 4:05PM Street Insider
May 17, 9:08AM Seeking Alpha
May 14, 11:14AM Wall St. Cheat Sheet
about 20 days ago by Good2go
about 23 days ago by ACInvestorBlog
Apr 24, 12:59PM Marketwire
about 40 days ago by MercenaryMike
about 40 days ago by MercenaryMike
about 56 days ago by MilionCapital
about 61 days ago by RecogniaEvents
about 76 days ago by jamiemc101
about 77 days ago by jamiemc101
about 90 days ago by earningscast
about 95 days ago by scoro11
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| BRCD | 4.76 | +0.03 | +0.63% | 2.183B |
| BRC | 27.38 | -0.06 | -0.22% | 1.437B |
| 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 |
