Goldcorp (GG)
Goldcorp Tangible Common Equity Ratio: 94.03%
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GG Tangible Common Equity Ratio Rankings
| Overall | 1st percentile | 4323 of 4385 |
| Sector | 4th percentile | 485 of 509 in Basic Materials |
| Industry | 2nd percentile | 33 of 34 in Gold |
GG Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 67.06% | Dec 2007 |
| Maximum | 94.93% | Sep 2011 |
| Average | 75.49% |
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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GG News
about 7 hours ago by mytfine
about 4 days ago by eyeonequities
about 5 days ago by pasleyt
about 6 days ago by dctrader
about 6 days ago by Nootch
about 6 days ago by againstmygut
about 6 days ago by ShortSqueeze
about 6 days ago by ShortSqueeze
about 6 days ago by InTheMoneyStocks
about 6 days ago by GarethSoloway
May 15, 4:34PM Fox Business
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| GG | 36.34 | -1.36 | -3.61% | 30.54B |
| GFY | 16.85 | -0.10 | -0.59% | |
| GFNCL | 3.35 | +0.00 | +0.00% | |
| GFN | 3.14 | -0.01 | -0.32% | 69.11M |
| GFIG | 2.75 | -0.04 | -1.43% | 329.72M |
| GEOY | 19.65 | -0.74 | -3.63% | 453.47M |
| GEOI | 35.76 | +0.22 | +0.62% | 910.89M |
| GEO | 22.30 | +0.32 | +1.46% | 1.350B |
| HTCO | 9.46 | +0.04 | +0.42% | 126.32M |
| HTCH | 2.08 | -0.05 | -2.35% | 49.88M |
