Lockheed Martin (LMT)
Lockheed Martin Tangible Common Equity Ratio: -30.52%
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LMT Tangible Common Equity Ratio Rankings
| Overall | 92nd percentile | 322 of 4391 |
| Sector | 93rd percentile | 22 of 317 in Industrial Goods |
| Industry | 89th percentile | 4 of 39 in Aerospace & Defense Products & Services |
LMT Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -32.95% | Dec 2011 |
| Maximum | -0.24% | Dec 2007 |
| Average | -20.02% |
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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LMT News
May 29, 11:20AM Street Insider
about a day ago by azendrian
about 3 days ago by harmongreg
about 7 days ago by 1nvestor
May 23, 10:01AM Benzinga
May 22, 1:40PM Street Insider
May 19, 5:06PM PR Newswire
May 16, 1:00PM PR Newswire
about 14 days ago by Scheplick
May 15, 2:45PM Marketwire
about 16 days ago by MarketBrief
about 16 days ago by Denrael
about 17 days ago by WorldJazz59
about 17 days ago by BreakoutTrader
about 18 days ago by RecogniaEvents
about 19 days ago by harmongreg
about 21 days ago by harmongreg
about 22 days ago by MarketBrief
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| LMT | 83.66 | +0.95 | +1.15% | 27.20B |
| LMOS | 8.50 | +0.14 | +1.67% | 180.88M |
| LMNX | 22.93 | +0.15 | +0.66% | 958.47M |
| LMLP | 1.92 | +0.00 | +0.00% | 54.20M |
| LMCB | 85.35 | +1.33 | +1.58% | 847.53M |
| LMCA | 85.46 | +1.02 | +1.21% | 9.583B |
| LMAT | 5.30 | +0.13 | +2.50% | 81.67M |
| LM | 26.14 | +0.62 | +2.43% | 3.653B |
| LLY | 41.30 | +0.19 | +0.46% | 47.92B |
| LKQX | 36.28 | +0.75 | +2.11% | 5.345B |