Microsemi Corporation (MSCC)
Microsemi Corporation Tangible Common Equity Ratio: -62.32%
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MSCC Tangible Common Equity Ratio Rankings
| Overall | 96th percentile | 170 of 4391 |
| Sector | 95th percentile | 33 of 813 in Technology |
| Industry | 95th percentile | 2 of 47 in Semiconductor - Integrated Circuits |
MSCC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -62.32% | Mar 2012 |
| Maximum | 83.67% | Dec 2008 |
| Average | 50.38% |
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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MSCC News
May 23, 7:00AM PR Newswire
May 08, 7:00AM PR Newswire
May 07, 7:00AM PR Newswire
Apr 30, 7:00AM PR Newswire
Apr 26, 8:38AM Street Insider
Apr 25, 9:40PM Seeking Alpha
about 35 days ago by earningscast
Apr 25, 4:02PM Street Insider
Apr 23, 7:00AM PR Newswire
Apr 19, 7:00AM PR Newswire
Apr 18, 7:00AM PR Newswire
Apr 11, 7:00AM PR Newswire
Apr 09, 7:00AM PR Newswire
Mar 27, 7:00AM PR Newswire
Mar 12, 7:00AM PR Newswire
about 91 days ago by earningscast
Feb 27, 2:00AM Marketwire
Feb 22, 10:09AM Street Insider
Feb 22, 7:00AM PR Newswire
Feb 14, 7:00AM PR Newswire
Feb 09, 7:00AM PR Newswire
Feb 08, 7:00AM PR Newswire
Jan 31, 7:00AM PR Newswire
Jan 30, 7:00AM PR Newswire
about 124 days ago by algokid
about 124 days ago by TradeIdeasQuant
about 125 days ago by earningscast
about 202 days ago by Benzinga
about 269 days ago by Maybach
about 315 days ago by roykaller
about 324 days ago by tradewithpete
about 415 days ago by Street_Insider
about 420 days ago by roykaller
about 467 days ago by SevereVertigo
about 490 days ago by GrowthStockInvestor
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| MSCC | 18.00 | -0.49 | -2.65% | 1.617B |
| MSB | 24.80 | -0.46 | -1.82% | 331.41M |
| OREX | 3.415 | -0.06 | -1.59% | 235.06M |
| ORCT | 0.36 | -0.04 | -9.16% | 9.016M |
| ORCL | 26.13 | -0.33 | -1.25% | 132.98B |
| ORCC | 2.27 | -0.03 | -1.30% | 74.34M |
| ORBT | 3.55 | -0.08 | -2.20% | 17.17M |
| ORBK | 10.02 | -0.18 | -1.76% | 441.97M |
| ORBC | 3.23 | -0.04 | -1.22% | 151.89M |
| OMCL | 13.30 | -0.26 | -1.92% | 454.12M |