Discovery Communications (DISCK)
Discovery Communications Tangible Common Equity Ratio: -6.83%
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DISCK Tangible Common Equity Ratio Rankings
| Overall | 88th percentile | 521 of 4385 |
| Sector | 80th percentile | 169 of 852 in Services |
| Industry | 30th percentile | 14 of 20 in CATV Systems |
DISCK Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -71.19% | Dec 2008 |
| Maximum | 66.42% | Dec 2007 |
| Average | -3.03% |
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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DISCK News
May 16, 12:33PM Marketwire
May 10, 5:24PM Benzinga
May 07, 2:21PM PR Newswire
May 07, 11:25AM PR Newswire
May 04, 4:42PM Business Wire
May 03, 3:13PM PR Newswire
Mar 26, 2:44PM PR Newswire
Mar 15, 8:30AM PR Newswire
about 77 days ago by TradeBot
Feb 01, 10:00AM PR Newswire
Jan 23, 8:00AM PR Newswire
Jan 20, 3:01PM GlobeNewswire
Jan 12, 8:58AM PR Newswire
Nov 17, 8:00AM PR Newswire
Nov 09, 9:05AM PR Newswire
Nov 07, 11:07AM GlobeNewswire
Oct 31, 3:25PM PR Newswire
Oct 24, 12:17PM PR Newswire
Oct 20, 2:57PM PR Newswire
about 509 days ago by Benzinga
about 521 days ago by kaarby1
about 572 days ago by fortune8
about 628 days ago by ralree
about 704 days ago by NASDAQ
about 705 days ago by whalewisdom
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| DISCK | 47.03 | +0.65 | +1.40% | 5.482B |
| DISCB | 49.68 | +0.00 | +0.00% | 13.60B |
| DISCA | 50.56 | +0.24 | +0.48% | 13.07B |
| DIS | 44.50 | +0.06 | +0.14% | 79.76B |
| DHT | 0.64 | +0.02 | +2.56% | 41.28M |
| DHRM | 2.11 | +0.13 | +6.57% | 9.643M |
| DHR | 52.76 | -0.07 | -0.13% | 36.50B |
| DHIL | 67.70 | +0.21 | +0.31% | 209.19M |
| DHI | 17.01 | -0.14 | -0.82% | 5.390B |
| DHG | 15.93 | +0.08 | +0.50% |