Micron Technology (MU)
Micron Technology Tangible Common Equity Ratio: 65.21%
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MU Tangible Common Equity Ratio Rankings
| Overall | 22nd percentile | 3396 of 4391 |
| Sector | 37th percentile | 511 of 813 in Technology |
| Industry | 50th percentile | 4 of 8 in Semiconductor - Memory Chips |
MU Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 38.39% | May 2009 |
| Maximum | 68.51% | Feb 2011 |
| Average | 55.98% |
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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MU News
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about 2 days ago by abubnic
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about 5 days ago by abubnic
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about 7 days ago by Frasier14
about 9 days ago by Frasier14
about 9 days ago by tommycatson
May 18, 8:31AM Street Insider
about 14 days ago by niclacoste
about 14 days ago by niclacoste
May 15, 9:00AM GlobeNewswire
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Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| MU | 5.99 | -0.13 | -2.12% | 6.045B |
| MTZ | 16.20 | -0.55 | -3.28% | 1.351B |
| MTX | 63.60 | -1.55 | -2.38% | 1.155B |
| MTW | 10.66 | -0.83 | -7.22% | 1.517B |
| MTU | 4.22 | -0.13 | -2.99% | 61.53B |
| MTT | 23.10 | -0.10 | -0.43% | |
| MTSN | 1.78 | -0.09 | -4.81% | 109.26M |
| MTSL | 1.650 | +0.00 | +0.00% | 7.359M |
| MMI | 39.98 | +0.00 | +0.00% | 12.07B |
| MMC | 31.88 | -0.58 | -1.79% | 17.64B |
