Moody's Corporation (MCO)
Moody's Corporation Tangible Common Equity Ratio: -38.99%
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MCO Tangible Common Equity Ratio Rankings
| Overall | 93rd percentile | 273 of 4391 |
| Sector | 88th percentile | 102 of 855 in Services |
| Industry | 79th percentile | 19 of 91 in Business Services |
MCO Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -108.8% | Dec 2008 |
| Maximum | -31.02% | Jun 2011 |
| Average | -64.10% |
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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MCO News
May 29, 9:00AM Marketwire
about 2 days ago by valuewalk
about 9 days ago by TrendHunter
May 16, 11:00AM Business Wire
about 15 days ago by azendrian
about 17 days ago by valuewalk
about 22 days ago by TrendHunter
about 29 days ago by RecogniaEvents
about 34 days ago by TradeBot
about 35 days ago by earningscast
about 35 days ago by valuewalk
about 37 days ago by CDMCapital
about 37 days ago by CDMCapital
about 37 days ago by valuewalk
about 41 days ago by TradeBot
about 43 days ago by TradeBot
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| MCO | 36.84 | -0.85 | -2.26% | 8.227B |
| MCN | 7.52 | -0.06 | -0.79% | |
| MCK | 86.93 | -0.69 | -0.79% | 21.39B |
| MCHX | 3.49 | +0.00 | +0.00% | 129.72M |
| MCGC | 4.39 | -0.04 | -0.90% | 338.03M |
| MCF | 53.00 | -1.42 | -2.61% | 814.08M |
| MCD | 90.11 | -0.79 | -0.87% | 91.78B |
| NBG | 1.44 | -0.08 | -5.26% | 1.377B |
| NBBC | 4.00 | -0.22 | -5.21% | 62.64M |
| NBB | 20.75 | +0.11 | +0.53% |
