Broadcom Corporation (BRCM)
Broadcom Corporation Tangible Common Equity Ratio: 31.74%
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BRCM Tangible Common Equity Ratio Rankings
| Overall | 54th percentile | 1978 of 4385 |
| Sector | 69th percentile | 252 of 814 in Technology |
| Industry | 74th percentile | 12 of 47 in Semiconductor - Integrated Circuits |
BRCM Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 31.74% | Mar 2012 |
| Maximum | 78.97% | Jun 2007 |
| Average | 68.73% |
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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BRCM News
about 6 hours ago by goldieee
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May 25, 10:31AM Street Insider
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May 16, 3:11AM Benzinga
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about 19 days ago by Salukiham
about 20 days ago by baumusc
about 20 days ago by Liquid_Trader
about 21 days ago by monthlyspreads
May 04, 10:24AM Street Insider
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Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| BRCM | 31.68 | +0.53 | +1.70% | 17.27B |
| 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 |
