Ericsson (ERIC)
Ericsson Tangible Common Equity Ratio: 43.90%
View ERIC 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
ERIC Tangible Common Equity Ratio Rankings
| Overall | 42nd percentile | 2525 of 4385 |
| Sector | 59th percentile | 331 of 814 in Technology |
| Industry | 70th percentile | 18 of 62 in Communication Equipment |
ERIC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 38.99% | Dec 2008 |
| Maximum | 44.89% | Mar 2008 |
| Average | 42.11% |
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 ERIC related companies
ERIC News
about 11 days ago by stkwatcherpro
May 17, 10:00AM PR Newswire
May 15, 4:34PM Fox Business
about 25 days ago by TradeIdeasQuant
May 04, 12:32PM Fox Business
May 03, 5:21AM Thomson Reuters ONE
Apr 26, 9:32AM Street Insider
about 34 days ago by STtech
about 34 days ago by STNet
about 34 days ago by tradingfloorcom
about 34 days ago by bradloncar
about 36 days ago by TradeBot
Apr 23, 10:20AM Street Insider
about 41 days ago by FredinWhiteRock
about 56 days ago by ATandon_STE
about 71 days ago by STtech
about 85 days ago by ATandon_STE
about 90 days ago by bradloncar
about 96 days ago by tradewithpete
about 96 days ago by STtech
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ERIC | 8.86 | +0.28 | +3.26% | 27.54B |
| ERH | 11.14 | +0.01 | +0.09% | |
| ERF | 13.91 | +0.27 | +1.98% | 2.672B |
| EQT | 47.24 | +0.34 | +0.72% | 7.022B |
| EQS | 2.06 | +0.01 | +0.49% | |
| FLL | 2.96 | -0.02 | -0.63% | 55.26M |
| FLIR | 21.61 | +0.30 | +1.41% | 3.283B |
| FLIC | 27.31 | +0.05 | +0.18% | 240.98M |
| FLEX | 6.44 | +0.02 | +0.31% | 4.579B |
| FLDM | 14.35 | +0.41 | +2.94% | 285.77M |