Corning (GLW)
Corning Tangible Common Equity Ratio: 74.16%
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GLW Tangible Common Equity Ratio Rankings
| Overall | 14th percentile | 3735 of 4385 |
| Sector | 25th percentile | 603 of 814 in Technology |
| Industry | 37th percentile | 30 of 48 in Diversified Electronics |
GLW Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 59.37% | Jun 2007 |
| Maximum | 76.25% | Sep 2011 |
| Average | 70.80% |
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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GLW News
about 4 days ago by Gianluca_Ferrari
about 5 days ago by rosswhiting
about 5 days ago by azendrian
about 8 days ago by rosswhiting
May 18, 11:01AM Street Insider
about 12 days ago by Jasonw121
about 13 days ago by TraderHR
about 13 days ago by SPYvsSPY
May 15, 8:00AM Business Wire
May 15, 5:29AM theflyonthewall.com
May 14, 9:00PM Business Wire
about 15 days ago by 2ndstory
May 14, 10:46AM Business Wire
May 01, 8:20AM Marketwire
Apr 26, 1:36PM Street Insider
Apr 26, 11:32AM Benzinga
Apr 26, 11:30AM Business Wire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| GLW | 13.13 | +0.22 | +1.70% | 19.65B |
| GLUU | 4.58 | -0.14 | -2.97% | 302.27M |
| GLU | 19.89 | -0.02 | -0.10% | |
| GLTR | 85.65 | -1.24 | -1.43% | |
| GLT | 15.39 | +0.33 | +2.19% | 641.86M |
| GLRE | 24.69 | +0.11 | +0.45% | 744.28M |
| GKSR | 30.37 | -0.04 | -0.13% | 572.62M |
| GKNT | 17.70 | +1.23 | +7.47% | 105.24M |
| GKK | 2.52 | +0.05 | +2.02% | 126.86M |
| GIVN | 17.25 | +0.09 | +0.52% | 526.30M |
