Health Care REIT (HCN)
Health Care REIT Tangible Common Equity Ratio: 45.52%
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HCN Tangible Common Equity Ratio Rankings
| Overall | 40th percentile | 2593 of 4385 |
| Sector | 17th percentile | 716 of 870 in Financial |
| Industry | 55th percentile | 4 of 9 in REIT - Healthcare Facilities |
HCN Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 38.65% | Sep 2007 |
| Maximum | 55.59% | Sep 2009 |
| Average | 45.89% |
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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HCN News
May 24, 5:30PM Business Wire
May 15, 5:02PM Business Wire
May 08, 3:30PM Seeking Alpha
about 22 days ago by earningscast
about 28 days ago by tradewithpete
May 01, 5:03PM Business Wire
Apr 30, 5:26PM Business Wire
Apr 26, 5:04PM Street Insider
Apr 11, 5:02PM Business Wire
about 61 days ago by MarketBrief
Mar 27, 5:01PM Business Wire
Mar 26, 7:00AM Business Wire
about 69 days ago by waterburyresearch
about 69 days ago by waterburyresearch
about 78 days ago by RecogniaEvents
about 78 days ago by RecogniaEvents
Mar 08, 4:22PM Business Wire
Mar 08, 4:20PM Business Wire
about 82 days ago by Benzinga
about 95 days ago by DividendYield
about 97 days ago by howardlindzon
about 98 days ago by gman_smb
about 103 days ago by earningscast
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| HCN | 55.90 | +0.68 | +1.23% | 11.61B |
| HCKT | 5.20 | +0.08 | +1.56% | 211.25M |
| HCII | 13.56 | -0.06 | -0.44% | 84.17M |
| HCCI | 18.76 | +0.40 | +2.18% | 267.87M |
| HCC | 31.30 | +0.15 | +0.48% | 3.240B |
| HCBK | 6.36 | +0.03 | +0.47% | 3.343B |
| HCA | 26.34 | +0.32 | +1.23% | |
| HBP | 1.52 | -0.08 | -5.00% | 102.17M |
| HBOS | 12.26 | -0.09 | -0.73% | |
| HBAN | 6.64 | +0.18 | +2.79% | 5.593B |
