Equinix (EQIX)
Equinix Tangible Common Equity Ratio: 21.30%
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EQIX Tangible Common Equity Ratio Rankings
| Overall | 64th percentile | 1543 of 4385 |
| Sector | 77th percentile | 186 of 814 in Technology |
| Industry | 31st percentile | 13 of 19 in Telecom Services - Domestic |
EQIX Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 17.62% | Mar 2008 |
| Maximum | 36.75% | Jun 2007 |
| Average | 24.35% |
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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EQIX News
about 2 hours ago by investorentrypoint
about 9 hours ago by abubnic
about 11 days ago by abubnic
about 11 days ago by malako79
about 11 days ago by marketfolly
about 12 days ago by FinanceTrends
about 12 days ago by reformedbroker
May 16, 6:50PM The Wall Street Journal
about 13 days ago by MarketBrief
May 16, 2:43PM Street Insider
May 16, 8:00AM Business Wire
about 14 days ago by abubnic
about 15 days ago by MarketBrief
about 18 days ago by MomentumPartnersLLC
about 18 days ago by hertcapital
about 18 days ago by elricadon
May 09, 11:00AM Business Wire
May 09, 8:00AM Business Wire
May 08, 8:57AM Street Insider
May 01, 8:00AM Business Wire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| EQIX | 161.64 | +3.71 | +2.35% | 7.369B |
| EPV | 45.35 | -0.17 | -0.37% | |
| EPS | 46.01 | -0.08 | -0.18% | |
| EPR | 42.33 | +0.21 | +0.50% | 1.965B |
| GIB | 20.37 | +0.19 | +0.94% | 4.543B |
| GHM | 18.45 | +0.21 | +1.15% | 180.76M |
| GHL | 34.41 | +0.16 | +0.47% | 996.68M |
| GHDX | 34.88 | +0.32 | +0.93% | 1.036B |
| GGT | 6.72 | +0.08 | +1.20% | |
| GGR | 0.1999 | -0.00 | -0.05% | 19.83M |
