Honeywell International (HON)
Honeywell International Tangible Common Equity Ratio: -9.55%
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HON Tangible Common Equity Ratio Rankings
| Overall | 88th percentile | 488 of 4385 |
| Sector | 87th percentile | 39 of 317 in Industrial Goods |
| Industry | 79th percentile | 8 of 39 in Aerospace & Defense Products & Services |
HON Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -21.89% | Mar 2009 |
| Maximum | -4.57% | Mar 2008 |
| Average | -11.51% |
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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HON News
May 29, 8:30AM PR Newswire
about 2 days ago by harmongreg
May 17, 10:08AM Street Insider
May 15, 10:00AM Benzinga
about 15 days ago by azendrian
about 15 days ago by Marketsneverlie
about 21 days ago by DynamicDividend
May 08, 10:00AM PR Newswire
about 25 days ago by chartly
about 25 days ago by Reflex121
May 03, 10:25AM Street Insider
May 01, 10:00AM PR Newswire
Apr 26, 10:00AM PR Newswire
about 36 days ago by ycharts
about 39 days ago by sld1986
about 40 days ago by earningscast
about 40 days ago by CoolBreeze
about 40 days ago by TripleDTrader
about 40 days ago by lamonicabuzz
about 40 days ago by ibc_fn
about 40 days ago by StockTwits
about 40 days ago by Street_Insider
about 40 days ago by realestateinvestor
about 40 days ago by freefdawatchlistcom
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| HON | 57.21 | +0.46 | +0.81% | 44.05B |
| HOME | 9.04 | +0.11 | +1.23% | 140.22M |
| HCSG | 19.99 | +0.26 | +1.32% | 1.319B |
| HCP | 41.43 | +0.45 | +1.10% | 17.19B |
| 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 |