Las Vegas Sands (LVS)
Las Vegas Sands Tangible Common Equity Ratio: 44.84%
View LVS Tangible Common Equity Ratio with YCharts Pro.
Access these YCharts Pro features:
Export any data you want
Save any chart as an image
Utilize advanced screener power
View 30 years of financial history
over 90 advanced calculations
Enjoy an advertising free experience
LVS Tangible Common Equity Ratio Rankings
| Overall | 41st percentile | 2566 of 4391 |
| Sector | 37th percentile | 531 of 852 in Services |
| Industry | 22nd percentile | 17 of 22 in Resorts & Casinos |
LVS Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 15.44% | Sep 2008 |
| Maximum | 44.84% | Mar 2012 |
| Average | 28.95% |
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.
Learn More
You may also be interested in these LVS related companies
LVS News
about 2 hours ago by retail_guru
about 9 hours ago by OperationStackola
about 9 hours ago by abubnic
about 15 hours ago by rohitjenveja
about 19 hours ago by MercenaryMike
about 19 hours ago by MercenaryJack
about a day ago by Cousin_Vinny
May 29, 8:58AM Street Insider
about 3 days ago by pasleyt
May 24, 3:16PM Street Insider
May 21, 11:12AM Street Insider
May 17, 5:01PM Forbes
May 17, 10:28AM Street Insider
May 17, 8:20AM Marketwire
May 14, 11:00AM Street Insider
May 10, 9:34AM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| LVS | 47.45 | -1.58 | -3.22% | 35.99B |
| LVLT | 21.52 | -0.82 | -3.67% | 4.828B |
| LVL | 12.16 | -0.18 | -1.46% | |
| LVB | 22.35 | -0.09 | -0.40% | 277.36M |
| LUX | 32.28 | -1.45 | -4.30% | 15.76B |
| LUV | 8.815 | -0.12 | -1.40% | 6.910B |
| LINE | 35.53 | -0.54 | -1.50% | 7.191B |
| LINC | 5.98 | -0.06 | -0.99% | 137.11M |
| LIME | 2.515 | -0.01 | -0.59% | 60.67M |
| LII | 42.43 | -1.69 | -3.83% | 2.244B |
