Equifax (EFX)
Equifax Tangible Common Equity Ratio: -83.15%
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EFX Tangible Common Equity Ratio Rankings
| Overall | 97th percentile | 114 of 4385 |
| Sector | 99th percentile | 2 of 871 in Financial |
| Industry | 96th percentile | 1 of 31 in Credit Services |
EFX Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -167.9% | Dec 2008 |
| Maximum | -83.15% | Mar 2012 |
| Average | -121.7% |
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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EFX News
about 9 days ago by AffluenzaVirus
about 13 days ago by jackdamn
May 08, 3:57PM PR Newswire
May 03, 12:15PM Street Insider
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May 01, 7:59AM PR Newswire
about 28 days ago by MarketBrief
Apr 26, 10:00AM PR Newswire
about 33 days ago by earningscast
about 33 days ago by Benzinga
Apr 18, 11:50AM PR Newswire
Apr 17, 3:48PM Street Insider
about 67 days ago by mikewill17
about 68 days ago by MarketBrief
about 71 days ago by AffluenzaVirus
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about 109 days ago by DynamicDividend
about 110 days ago by TradeIdeasQuant
about 110 days ago by earningscast
about 110 days ago by Benzinga
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| EFX | 45.65 | +0.18 | +0.40% | 5.486B |
| DXCM | 10.79 | +0.30 | +2.86% | 729.73M |
| DX | 9.35 | +0.03 | +0.32% | 506.02M |
| DWX | 42.82 | -0.02 | -0.05% | |
| DWSN | 24.95 | +0.07 | +0.28% | 197.60M |
| DSX | 8.25 | +0.27 | +3.38% | 681.20M |
| DSW | 61.17 | -0.22 | -0.36% | 2.682B |
| DSUM | 23.85 | -0.03 | -0.13% | |
| DSU | 4.12 | +0.10 | +2.49% | |
| DSTI | 1.09 | +0.08 | +7.92% | 1.504M |