JetBlue Airways Corporation (JBLU)
JetBlue Airways Corporation Tangible Common Equity Ratio: 25.21%
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JBLU Tangible Common Equity Ratio Rankings
| Overall | 61st percentile | 1668 of 4385 |
| Sector | 59th percentile | 348 of 853 in Services |
| Industry | 50th percentile | 5 of 10 in Regional Airlines |
JBLU Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 18.13% | Jun 2007 |
| Maximum | 93.94% | Dec 2009 |
| Average | 26.09% |
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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JBLU News
about 5 days ago by Longtrader
about 6 days ago by Longtrader
about 8 days ago by MarketBrief
May 19, 7:42AM Seeking Alpha
May 17, 6:00AM PR Newswire
May 15, 9:00AM PR Newswire
about 20 days ago by earningscast
about 23 days ago by DrNick
about 26 days ago by toresque
about 29 days ago by TradeBot
about 29 days ago by toresque
about 33 days ago by Longtrader
about 34 days ago by toresque
about 34 days ago by howardlindzon
about 34 days ago by StockTwits
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| JBLU | 4.72 | -0.03 | -0.63% | 1.340B |
| HR | 22.13 | +0.48 | +2.22% | 1.687B |
| HQL | 14.30 | +0.28 | +2.00% | |
| HPY | 29.75 | +0.28 | +0.95% | 1.146B |
| HPT | 24.53 | +0.37 | +1.53% | 3.030B |
| HPS | 19.00 | -0.22 | -1.14% | |
| HPQ | 22.80 | +0.47 | +2.10% | 44.15B |
| HOME | 9.04 | +0.11 | +1.23% | 140.22M |
| HOMB | 28.51 | -0.08 | -0.28% | 807.10M |
| HOLX | 16.99 | +0.07 | +0.41% | 4.463B |
