Federal - Mogul Corporation (FDML)
Federal - Mogul Corporation Tangible Common Equity Ratio: -6.21%
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FDML Tangible Common Equity Ratio Rankings
| Overall | 87th percentile | 530 of 4385 |
| Sector | 80th percentile | 75 of 381 in Consumer Goods |
| Industry | 87th percentile | 4 of 33 in Auto Parts |
FDML Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -52.52% | Jun 2007 |
| Maximum | 1.75% | Jun 2008 |
| Average | -14.06% |
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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FDML News
May 17, 10:56AM Thomson Reuters ONE
May 07, 8:03AM Thomson Reuters ONE
May 03, 4:32PM Fox Business
about 33 days ago by TrendExhaustion
Apr 25, 8:04AM Thomson Reuters ONE
Apr 25, 7:56AM Street Insider
Apr 24, 3:49PM Seeking Alpha
about 35 days ago by earningscast
Apr 24, 7:30AM PR Newswire
about 47 days ago by MarketBrief
Apr 09, 8:00AM PR Newswire
about 56 days ago by TradeBot
Apr 02, 9:00AM PR Newswire
Mar 22, 11:20AM PR Newswire
about 78 days ago by TradeBot
Mar 12, 8:22AM Street Insider
Feb 28, 4:30PM Seeking Alpha
about 91 days ago by earningscast
about 172 days ago by MarketBrief
about 173 days ago by MarketBrief
about 174 days ago by MarketBrief
about 175 days ago by MarketBrief
about 177 days ago by MarketBrief
about 179 days ago by MarketBrief
about 180 days ago by MarketBrief
about 183 days ago by MarketBrief
about 189 days ago by MarketBrief
about 190 days ago by TradeIdeasQuant
about 215 days ago by Benzinga
about 236 days ago by divtastic
about 237 days ago by MarketBrief
about 242 days ago by MarketBrief
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FDML | 11.68 | +0.18 | +1.57% | 1.137B |
| FDM | 20.87 | +0.28 | +1.36% | |
| FDEF | 15.97 | -0.01 | -0.06% | 155.49M |
| FDD | 10.94 | +0.02 | +0.18% | |
| FCX | 33.19 | +0.78 | +2.41% | 30.70B |
| FCVA | 2.40 | +0.15 | +6.67% | 6.682M |
| FCT | 14.44 | -0.02 | -0.14% | |
| FCS | 13.79 | +0.28 | +2.07% | 1.720B |
| FCO | 13.49 | -0.06 | -0.44% | |
| FCL | 27.96 | +0.08 | +0.29% |