EMC Corporation (EMC)
EMC Corporation Tangible Common Equity Ratio: 35.93%
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EMC Tangible Common Equity Ratio Rankings
| Overall | 50th percentile | 2180 of 4385 |
| Sector | 65th percentile | 283 of 814 in Technology |
| Industry | 66th percentile | 6 of 18 in Data Storage Devices |
EMC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 26.05% | Sep 2011 |
| Maximum | 39.81% | Jun 2009 |
| Average | 32.97% |
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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EMC News
about a day ago by retrofit_brain
about 2 days ago by woowtrading
about 3 days ago by abubnic
about 3 days ago by mytfine
May 25, 12:24PM Street Insider
about 4 days ago by lamonicabuzz
about 4 days ago by FredWR
about 4 days ago by greatstockpix
about 4 days ago by ABtrader
May 24, 3:52PM Street Insider
May 24, 2:15PM Street Insider
about 4 days ago by howardlindzon
about 4 days ago by 1nvestor
about 4 days ago by nycparty330
about 4 days ago by mytfine
about 4 days ago by 1nvestor
about 4 days ago by 1nvestor
May 23, 8:25AM Street Insider
May 22, 3:42PM Street Insider
May 21, 9:05AM Street Insider
May 21, 9:04AM Benzinga
May 17, 9:10AM PR Newswire
May 17, 9:00AM PR Newswire
May 17, 8:09AM theflyonthewall.com
May 16, 8:50AM PR Newswire
May 15, 3:38AM Benzinga
May 02, 9:00AM PR Newswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| EMC | 24.24 | +0.01 | +0.04% | 50.22B |
| EMAN | 2.92 | +0.06 | +2.10% | 68.71M |
| ELY | 5.40 | +0.05 | +0.93% | 351.11M |
| ELS | 66.54 | -0.48 | -0.72% | 2.748B |
| ELRC | 14.05 | +0.13 | +0.93% | 336.92M |
| ELR | 61.96 | -0.13 | -0.20% | |
| ELP | 20.85 | +0.18 | +0.87% | 5.706B |
| ELOS | 10.97 | +0.09 | +0.83% | 384.83M |
| ELON | 3.51 | +0.01 | +0.29% | 149.28M |
| ELNK | 8.19 | +0.03 | +0.37% | 869.61M |