Brown & Brown Insurance (BRO)
Brown & Brown Insurance Tangible Common Equity Ratio: -69.35%
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BRO Tangible Common Equity Ratio Rankings
| Overall | 96th percentile | 144 of 4385 |
| Sector | 99th percentile | 5 of 871 in Financial |
| Industry | 90th percentile | 1 of 11 in Insurance Brokers |
BRO Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -69.35% | Mar 2012 |
| Maximum | -15.85% | Jun 2010 |
| Average | -30.52% |
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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BRO News
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about 33 days ago by earningscast
Apr 25, 6:24AM Street Insider
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about 36 days ago by bradloncar
about 38 days ago by Kenshreve
Apr 17, 12:37PM Seeking Alpha
about 41 days ago by earningscast
about 41 days ago by strategymizer
Apr 12, 10:13PM Marketwire
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about 74 days ago by MarketBrief
about 112 days ago by earningscast
about 144 days ago by zerobeta
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| BRO | 25.69 | -0.17 | -0.66% | 3.683B |
| BRN | 3.25 | +0.00 | +0.00% | 26.91M |
| BRLI | 20.38 | +0.04 | +0.20% | 569.62M |
| BRKS | 9.69 | +0.01 | +0.10% | 641.96M |
| BRKR | 15.12 | +0.20 | +1.34% | 2.508B |
| BRK.B | 79.25 | -0.55 | -0.69% | 196.25B |
| CBI | 37.12 | -0.53 | -1.41% | 3.628B |
| CBG | 16.38 | -0.01 | -0.06% | 5.372B |
| CBEY | 5.70 | +0.00 | +0.00% | 174.99M |
| CBE | 71.28 | -0.25 | -0.35% | 11.33B |
