Boston Scientific Corporation (BSX)
Boston Scientific Corporation Tangible Common Equity Ratio: -94.19%
View BSX 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
BSX Tangible Common Equity Ratio Rankings
| Overall | 97th percentile | 103 of 4385 |
| Sector | 96th percentile | 19 of 504 in Healthcare |
| Industry | 98th percentile | 1 of 75 in Medical Appliances & Equipment |
BSX Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -124.0% | Sep 2007 |
| Maximum | -86.29% | Sep 2009 |
| Average | -97.98% |
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 BSX related companies
BSX News
May 18, 9:28AM Street Insider
May 18, 8:30AM PR Newswire
May 18, 6:52AM Street Insider
May 17, 5:40PM Street Insider
May 17, 5:30PM Street Insider
about 10 days ago by RSInvest
May 17, 5:16PM Street Insider
May 17, 5:16PM Benzinga
May 17, 5:14PM PR Newswire
about 12 days ago by ATandon_STE
May 15, 12:46PM Benzinga
May 15, 11:11AM Street Insider
May 15, 11:00AM Benzinga
May 14, 11:33AM Benzinga
May 14, 8:33AM Street Insider
about 26 days ago by frotuss
about 31 days ago by jamiemc101
about 31 days ago by frankdatrader
about 33 days ago by frankdatrader
about 33 days ago by mattowan
about 35 days ago by Shoofly7
about 35 days ago by Street_Insider
about 38 days ago by bradloncar
about 39 days ago by earningscast
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| BSX | 5.87 | -0.04 | -0.68% | 8.516B |
| BOBE | 40.44 | -0.13 | -0.32% | 1.189B |
| BNZ | 21.20 | +0.10 | +0.49% | |
| BNY | 16.28 | +0.04 | +0.25% | |
| BNVI | 0.116 | +0.00 | +0.00% | |
| BNS | 49.49 | -0.58 | -1.16% | 53.92B |
| BNHN | 16.13 | +0.00 | +0.00% | 288.40M |
| BMRN | 38.64 | +0.13 | +0.34% | 4.468B |
| BMR | 18.25 | -0.17 | -0.92% | 2.815B |
| BMO | 52.99 | -0.73 | -1.36% | 33.94B |
