Manulife Financial Corporation (MFC)
Manulife Financial Corporation Tangible Common Equity Ratio: 4.00%
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MFC Tangible Common Equity Ratio Rankings
| Overall | 83rd percentile | 705 of 4385 |
| Sector | 90th percentile | 81 of 870 in Financial |
| Industry | 81st percentile | 5 of 27 in Life Insurance |
MFC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 3.86% | Dec 2011 |
| Maximum | 10.29% | Sep 2009 |
| Average | 7.67% |
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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MFC News
about 13 days ago by algokid
May 11, 6:55PM Seeking Alpha
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about 22 days ago by jrmchen
about 25 days ago by koshlong
about 26 days ago by RecogniaEvents
May 03, 7:10PM Seeking Alpha
about 27 days ago by michaelbabad
about 27 days ago by TradeIdeasQuant
about 32 days ago by RecogniaEvents
Apr 23, 5:36PM PR Newswire
Apr 19, 10:00AM PR Newswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| MFC | 11.15 | +0.25 | +2.29% | 19.63B |
| MDCA | 9.74 | +0.19 | +1.99% | 301.16M |
| MDC | 29.85 | +0.98 | +3.39% | 1.385B |
| MDAS | 11.52 | -0.03 | -0.26% | 667.71M |
| MD | 62.28 | +0.29 | +0.47% | 3.044B |
| MCZ | 0.45 | +0.01 | +1.81% | 28.05M |
| MCY | 43.70 | +0.03 | +0.07% | 2.397B |
| MCS | 13.88 | +0.20 | +1.46% | 400.14M |
| MBLX | 1.98 | +0.08 | +4.21% | 64.87M |
| MBL | 14.32 | +0.00 | +0.00% |