Emulex Corporation (ELX)
Emulex Corporation Tangible Common Equity Ratio: 75.54%
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ELX Tangible Common Equity Ratio Rankings
| Overall | 13th percentile | 3781 of 4385 |
| Sector | 24th percentile | 613 of 814 in Technology |
| Industry | 16th percentile | 15 of 18 in Data Storage Devices |
ELX Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 67.73% | Dec 2010 |
| Maximum | 86.64% | Mar 2008 |
| Average | 78.65% |
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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ELX News
about 3 days ago by Good2go
May 09, 8:06AM Benzinga
May 04, 10:24AM Street Insider
May 02, 12:00PM Business Wire
about 33 days ago by TradeBot
Apr 26, 8:19AM Street Insider
about 33 days ago by earningscast
Apr 13, 1:30PM Business Wire
Mar 06, 4:47PM Street Insider
about 86 days ago by MomentumPartnersLLC
about 86 days ago by MomentumPartnersLLC
about 87 days ago by illinijill
about 90 days ago by earningscast
about 91 days ago by ChartMill
about 91 days ago by reformedbroker
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about 91 days ago by lovebob
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ELX | 6.76 | -0.05 | -0.73% | 584.00M |
| ELTK | 1.27 | -0.05 | -3.78% | 8.395M |
| ELT | 14.26 | -0.04 | -0.28% | 1.610B |
| ELSE | 4.19 | +0.04 | +0.96% | 14.20M |
| ELS | 66.54 | -0.48 | -0.72% | 2.748B |
| EDAP | 1.80 | -0.05 | -2.70% | 23.62M |
| ED | 59.61 | +0.02 | +0.03% | 17.46B |
| ECYT | 6.30 | +0.02 | +0.32% | 225.16M |
| ECPG | 24.16 | -0.07 | -0.29% | 592.40M |
| ECL | 64.35 | -0.74 | -1.14% | 18.78B |