Macerich (MAC)
Macerich Tangible Common Equity Ratio: 38.07%
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MAC Tangible Common Equity Ratio Rankings
| Overall | 48th percentile | 2275 of 4391 |
| Sector | 22nd percentile | 678 of 870 in Financial |
| Industry | 37th percentile | 22 of 35 in REIT - Retail |
MAC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 14.49% | Dec 2007 |
| Maximum | 42.28% | Jun 2010 |
| Average | 28.51% |
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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MAC News
May 14, 9:07AM Benzinga
May 10, 11:29AM Street Insider
about 29 days ago by earningscast
about 37 days ago by chessNwine
about 37 days ago by chessNwine
about 49 days ago by chessNwine
Apr 03, 4:15PM Benzinga
about 60 days ago by eddyhooks
Mar 21, 4:15PM PR Newswire
Mar 20, 11:56PM Seeking Alpha
about 74 days ago by SteelerTrader
about 75 days ago by MarketBrief
about 77 days ago by chessNwine
about 78 days ago by earningscast
about 117 days ago by stocksfish
about 118 days ago by earningscast
about 147 days ago by redman59
about 175 days ago by chessNwine
about 194 days ago by 1nvestor
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| MAC | 56.99 | -1.90 | -3.23% | 7.773B |
| NTL | 15.50 | -0.51 | -3.19% | 470.85M |
| NTIC | 12.35 | +0.12 | +0.98% | 53.81M |
| NTGR | 30.73 | -0.15 | -0.49% | 1.167B |
| NTG | 24.64 | -0.51 | -2.01% | |
| NTES | 61.42 | +0.73 | +1.20% | 7.948B |
| NR | 5.86 | -0.12 | -2.01% | 548.66M |
| NQU | 15.57 | +0.05 | +0.32% | |
| NQN | 15.13 | +0.02 | +0.13% | |
| NQ | 8.83 | -0.09 | -1.01% | 386.41M |
