Magellan Midstream Partners (MMP)
Magellan Midstream Partners Tangible Common Equity Ratio: 35.36%
View MMP 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
MMP Tangible Common Equity Ratio Rankings
| Overall | 51st percentile | 2146 of 4391 |
| Sector | 70th percentile | 152 of 507 in Basic Materials |
| Industry | 51st percentile | 16 of 33 in Oil & Gas Pipelines |
MMP Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 35.08% | Dec 2011 |
| Maximum | 38.59% | Dec 2010 |
| Average | 36.34% |
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 MMP related companies
MMP News
May 29, 2:50PM Seeking Alpha
May 21, 3:02PM PR Newswire
May 03, 11:30AM Street Insider
about 27 days ago by azendrian
May 02, 8:05AM Street Insider
about 33 days ago by DynamicDividend
about 36 days ago by DynamicDividend
Apr 24, 9:51AM Street Insider
about 93 days ago by billgunderson
about 125 days ago by DynamicDividend
about 145 days ago by Benzinga
about 153 days ago by chartly
about 153 days ago by MercenaryMike
about 153 days ago by tradewithpete
about 166 days ago by markddeals
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| MMP | 69.35 | -0.65 | -0.93% | 7.917B |
| MMM | 84.44 | -1.29 | -1.50% | 59.56B |
| MMLP | 32.65 | -0.57 | -1.72% | 768.05M |
| MMI | 39.98 | +0.00 | +0.00% | 12.07B |
| LUV | 8.87 | -0.07 | -0.78% | 6.910B |
| LUNA | 1.61 | +0.01 | +0.62% | 22.08M |
| LULU | 72.96 | -1.61 | -2.16% | 8.155B |
| LUK | 20.80 | -0.68 | -3.14% | 5.254B |
| LOW | 27.00 | -0.49 | -1.78% | 32.96B |
| LOV | 5.01 | -0.06 | -1.18% | 104.39M |
