FMC Technologies (FTI)
FMC Technologies Tangible Common Equity Ratio: 28.60%
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FTI Tangible Common Equity Ratio Rankings
| Overall | 58th percentile | 1808 of 4385 |
| Sector | 80th percentile | 98 of 510 in Basic Materials |
| Industry | 74th percentile | 11 of 43 in Oil & Gas Equipment & Services |
FTI Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 14.78% | Dec 2008 |
| Maximum | 30.53% | Sep 2011 |
| Average | 24.53% |
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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FTI News
May 23, 4:00PM Benzinga
May 22, 12:45PM Street Insider
May 10, 5:59PM PR Newswire
Apr 25, 12:30PM Seeking Alpha
about 34 days ago by earningscast
Apr 24, 4:15PM PR Newswire
about 57 days ago by MarketBrief
Mar 28, 4:00PM PR Newswire
about 69 days ago by HighGrowthFinancial
about 82 days ago by RecogniaEvents
about 102 days ago by MarketBrief
about 102 days ago by StockTwits50
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FTI | 41.72 | -0.27 | -0.64% | 9.974B |
| FTF | 14.31 | -0.24 | -1.65% | |
| FTEK | 3.50 | +0.01 | +0.29% | 82.74M |
| FTE | 12.83 | -0.15 | -1.16% | 34.36B |
| FT | 6.94 | +0.02 | +0.29% | |
| FSYS | 15.10 | -0.24 | -1.56% | 302.15M |
| FSP | 10.05 | +0.07 | +0.70% | 833.55M |
| FSLR | 14.27 | -0.06 | -0.42% | 1.239B |
| FSL | 9.92 | +0.17 | +1.74% | 2.444B |
| FSIN | 6.66 | -0.03 | -0.45% | 254.68M |
