FedEx Corporation (FDX)
FedEx Corporation Tangible Common Equity Ratio: 53.73%
View FDX 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
FDX Tangible Common Equity Ratio Rankings
| Overall | 32nd percentile | 2948 of 4385 |
| Sector | 27th percentile | 615 of 853 in Services |
| Industry | 25th percentile | 9 of 12 in Air Delivery & Freight Services |
FDX Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 41.12% | May 2007 |
| Maximum | 53.73% | Feb 2012 |
| Average | 50.33% |
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 FDX related companies
FDX News
May 29, 10:46AM Street Insider
about 5 hours ago by FedEx
about 5 hours ago by TMXmoney
about 5 hours ago by bradloncar
May 29, 8:01AM Benzinga
about 8 days ago by AffluenzaVirus
about 11 days ago by FedEx
about 12 days ago by Jess_Bunn
about 13 days ago by gmreid86
May 16, 11:09AM Business Wire
about 14 days ago by FedEx
May 15, 8:00AM Business Wire
about 17 days ago by ivanhoff
about 18 days ago by crisco_colito
about 18 days ago by OptionsCommander
about 19 days ago by StockTwits
about 19 days ago by FedEx
about 20 days ago by bradloncar
about 20 days ago by Street_Insider
about 22 days ago by SunriseTrader
about 25 days ago by redman59
about 27 days ago by stoxline
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FDX | 90.69 | +1.41 | +1.58% | 28.08B |
| FDS | 107.54 | -0.47 | -0.44% | 4.872B |
| FDO | 67.16 | -0.44 | -0.65% | 7.961B |
| 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 | 33.27 | +0.86 | +2.65% | 30.70B |
| FCVA | 2.40 | +0.15 | +6.67% | 6.682M |
| FCT | 14.44 | -0.02 | -0.14% |
