Eastman Chemical (EMN)
Eastman Chemical Tangible Common Equity Ratio: 27.96%
View EMN Tangible Common Equity Ratio with YCharts Pro.
Access these YCharts Pro features:
Export any data you want
Save any chart as an image
Utilize advanced screener power
View 30 years of financial history
over 90 advanced calculations
Enjoy an advertising free experience
EMN Tangible Common Equity Ratio Rankings
| Overall | 59th percentile | 1779 of 4385 |
| Sector | 81st percentile | 93 of 510 in Basic Materials |
| Industry | 60th percentile | 6 of 15 in Chemicals - Major Diversified |
EMN Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 22.31% | Dec 2010 |
| Maximum | 31.31% | Jun 2007 |
| Average | 26.47% |
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.
Learn More
You may also be interested in these EMN related companies
EMN News
May 25, 4:34PM Fox Business
May 25, 10:43AM Street Insider
about 9 days ago by AffluenzaVirus
about 16 days ago by gregnb
May 09, 9:19AM ACN Newswire
Apr 30, 1:37PM Thomson Reuters ONE
Apr 30, 9:13AM ACN Newswire
Apr 27, 1:00PM Seeking Alpha
about 32 days ago by earningscast
about 33 days ago by GoofyGolfa
about 33 days ago by MilionCapital
about 39 days ago by eWhispers
about 40 days ago by sld1986
about 62 days ago by DMAugustine
about 69 days ago by MarketBrief
about 72 days ago by SteelerTrader
about 72 days ago by cupandhandle69
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| EMN | 47.62 | +0.62 | +1.32% | 6.569B |
| EMITF | 2.20 | +0.00 | +0.00% | 54.76M |
| EMIF | 29.85 | +0.23 | +0.79% | |
| EMI | 13.53 | +0.05 | +0.37% | |
| EMFN | 21.58 | -0.26 | -1.19% | |
| EMF | 16.59 | -0.05 | -0.30% | |
| EMEY | 40.02 | +0.00 | +0.00% | |
| EME | 28.00 | +0.08 | +0.29% | 1.864B |
| EMCI | 20.24 | +0.32 | +1.61% | 260.69M |
| EMC | 24.24 | +0.01 | +0.04% | 50.22B |