Johnson & Johnson (JNJ)
Johnson & Johnson Tangible Common Equity Ratio: 32.89%
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JNJ Tangible Common Equity Ratio Rankings
| Overall | 53rd percentile | 2032 of 4391 |
| Sector | 64th percentile | 177 of 504 in Healthcare |
| Industry | 56th percentile | 11 of 25 in Drug Manufacturers - Major |
JNJ Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 25.89% | Dec 2008 |
| Maximum | 37.76% | Sep 2010 |
| Average | 31.31% |
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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JNJ News
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about 7 hours ago by LouisEbner
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about 12 days ago by EPS_MomentuM
about 13 days ago by TradeBot
about 13 days ago by LouisEbner
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Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| JNJ | 62.21 | -0.38 | -0.61% | 171.83B |
| JMP | 5.87 | -0.05 | -0.84% | 130.60M |
| JMBA | 1.895 | -0.04 | -1.81% | 129.87M |
| JLS | 23.84 | -0.10 | -0.42% | |
| JLL | 72.17 | -2.07 | -2.79% | 3.239B |
| JKS | 3.91 | +0.01 | +0.26% | 87.20M |
| JKJ | 87.61 | -1.27 | -1.43% | |
| ISCA | 23.90 | -0.09 | -0.38% | 1.110B |
| ISBC | 14.76 | -0.24 | -1.60% | 1.672B |
| IRV | 21.82 | +0.45 | +2.11% |
