Elbit Systems (ESLT)
Elbit Systems Tangible Common Equity Ratio: 6.17%
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ESLT Tangible Common Equity Ratio Rankings
| Overall | 81st percentile | 813 of 4385 |
| Sector | 79th percentile | 64 of 317 in Industrial Goods |
| Industry | 69th percentile | 12 of 39 in Aerospace & Defense Products & Services |
ESLT Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -6.81% | Jun 2007 |
| Maximum | 29.20% | Jun 2011 |
| Average | 6.74% |
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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ESLT News
May 16, 12:43PM Street Insider
May 08, 2:31AM PR Newswire
May 03, 1:32AM PR Newswire
Apr 22, 5:54AM PR Newswire
Apr 19, 5:36AM PR Newswire
Mar 29, 3:57AM PR Newswire
Mar 27, 7:29AM Benzinga
Mar 27, 7:28AM PR Newswire
Mar 19, 7:29AM Benzinga
Mar 19, 4:30AM PR Newswire
Mar 14, 9:31AM PR Newswire
Mar 06, 11:44AM PR Newswire
Feb 28, 10:20AM PR Newswire
Feb 16, 3:51AM PR Newswire
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Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ESLT | 34.21 | -0.13 | -0.38% | 1.467B |
| ESL | 66.69 | -0.42 | -0.63% | 2.043B |
| ESIO | 11.94 | -0.14 | -1.16% | 345.07M |
| ESIC | 7.18 | -0.01 | -0.14% | 229.04M |
| ESI | 57.90 | +1.52 | +2.70% | 1.433B |
| ESGR | 93.24 | -0.22 | -0.24% | 1.291B |
| EFX | 45.65 | +0.18 | +0.40% | 5.486B |
| EFUT | 4.80 | +0.45 | +10.34% | 19.10M |
| EFU | 26.18 | +0.08 | +0.31% | |
| EFSC | 11.07 | +0.09 | +0.82% | 196.49M |