LKQ Corporation (LKQX)
LKQ Corporation Tangible Common Equity Ratio: 8.32%
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LKQX Tangible Common Equity Ratio Rankings
| Overall | 77th percentile | 984 of 4391 |
| Sector | 73rd percentile | 230 of 852 in Services |
| Industry | 60th percentile | 2 of 5 in Auto Parts Wholesale |
LKQX Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -6.45% | Dec 2007 |
| Maximum | 86.02% | Sep 2007 |
| Average | 18.84% |
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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LKQX News
about 22 hours ago by gtlackey
May 16, 4:56PM Fox Business
about 14 days ago by StocksGator
about 26 days ago by MarketBrief
about 33 days ago by TradeBot
about 34 days ago by StocksGator
Apr 05, 11:00AM GlobeNewswire
about 57 days ago by MarketBrief
about 57 days ago by MarketBrief
about 58 days ago by MarketBrief
about 58 days ago by MarketBrief
about 59 days ago by MarketBrief
about 59 days ago by MarketBrief
about 62 days ago by MarketBrief
Mar 12, 10:04AM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| LKQX | 36.28 | +0.75 | +2.11% | 5.345B |
| KERX | 1.65 | -0.05 | -2.94% | 120.73M |
| KEQU | 8.25 | -0.02 | -0.24% | 21.28M |
| KEP | 9.40 | -0.12 | -1.26% | 12.22B |
| KEM | 5.58 | -0.16 | -2.79% | 256.35M |
| KELYB | 12.06 | -0.32 | -2.58% | 467.96M |
| KELYA | 11.99 | -0.39 | -3.15% | 456.95M |
| KEG | 9.94 | -0.82 | -7.62% | 1.629B |
| KDN | 22.62 | -0.34 | -1.48% | 733.57M |
| JNPR | 17.26 | -0.14 | -0.83% | 9.164B |
