Level 3 Communications (LVLT)
Level 3 Communications Tangible Common Equity Ratio: -14.85%
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LVLT Tangible Common Equity Ratio Rankings
| Overall | 89th percentile | 445 of 4391 |
| Sector | 88th percentile | 95 of 813 in Technology |
| Industry | 71st percentile | 8 of 28 in Diversified Communication Services |
LVLT Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -30.72% | Jun 2011 |
| Maximum | -9.17% | Jun 2007 |
| Average | -19.48% |
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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LVLT News
May 24, 9:00AM Marketwire
about 8 days ago by abubnic
about 9 days ago by MarketBrief
about 12 days ago by monteazul
about 12 days ago by MarketBrief
about 14 days ago by MarketBrief
May 15, 3:00AM PR Newswire
May 14, 7:00AM PR Newswire
about 19 days ago by TradeIdeasQuant
about 19 days ago by fundy_mental
about 20 days ago by sonnydelite
May 07, 8:00AM PR Newswire
May 04, 11:13AM Street Insider
about 26 days ago by gtlackey
May 03, 1:20PM Seeking Alpha
Apr 30, 9:42AM Wall St. Cheat Sheet
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| LVLT | 21.60 | -0.74 | -3.31% | 4.828B |
| LVL | 12.16 | -0.18 | -1.46% | |
| LVB | 22.35 | -0.09 | -0.40% | 277.36M |
| LUX | 32.38 | -1.35 | -4.00% | 15.76B |
| LUV | 8.815 | -0.12 | -1.40% | 6.910B |
| LINE | 35.59 | -0.48 | -1.33% | 7.191B |
| LINC | 6.00 | -0.04 | -0.66% | 137.11M |
| LIME | 2.515 | -0.01 | -0.59% | 60.67M |
| LII | 42.56 | -1.56 | -3.54% | 2.244B |
| LIFE | 41.20 | -0.61 | -1.46% | 7.453B |
