Amdocs (DOX)
Amdocs Tangible Common Equity Ratio: 45.36%
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DOX Tangible Common Equity Ratio Rankings
| Overall | 41st percentile | 2586 of 4385 |
| Sector | 57th percentile | 345 of 814 in Technology |
| Industry | 43rd percentile | 32 of 57 in Business Software & Services |
DOX Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 28.66% | Jun 2007 |
| Maximum | 81.54% | Dec 2011 |
| Average | 45.09% |
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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DOX News
about 27 days ago by earningscast
about 27 days ago by CapitalObserver
May 01, 4:32PM theflyonthewall.com
May 01, 4:09PM Street Insider
May 01, 4:05PM PR Newswire
about 60 days ago by CapitalObserver
Mar 27, 6:00AM PR Newswire
about 70 days ago by marketfolly
about 74 days ago by redman59
Mar 06, 7:15AM Street Insider
Feb 20, 6:00AM PR Newswire
about 117 days ago by earningscast
about 117 days ago by Benzinga
about 202 days ago by Benzinga
about 305 days ago by vjtweet
about 314 days ago by crosshairtrader
about 396 days ago by Benzinga
about 465 days ago by TheArmoTrader
about 470 days ago by TheArmoTrader
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| DOX | 29.17 | -0.01 | -0.03% | 4.992B |
| DOW | 31.30 | -0.25 | -0.79% | 37.10B |
| EVOL | 7.07 | +0.13 | +1.87% | 78.48M |
| EVO | 15.10 | +0.09 | +0.59% | |
| EVN | 13.80 | +0.02 | +0.15% | |
| EVK | 1.73 | +0.00 | +0.00% | 25.53M |
| EVJ | 14.32 | +0.08 | +0.54% | |
| ESRX | 52.63 | +0.96 | +1.86% | 25.51B |
| ESR | 22.12 | +0.03 | +0.14% | |
| ESP | 25.24 | +0.50 | +2.02% | 58.56M |