Nidec Corporation (NJ)
Nidec Corporation Tangible Common Equity Ratio: 47.94%
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NJ Tangible Common Equity Ratio Rankings
| Overall | 38th percentile | 2702 of 4391 |
| Sector | 34th percentile | 207 of 317 in Industrial Goods |
| Industry | 34th percentile | 28 of 43 in Industrial Electrical Equipment |
NJ Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 35.78% | Mar 2009 |
| Maximum | 53.07% | Mar 2010 |
| Average | 47.20% |
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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NJ News
May 28, 2:30AM GlobeNewswire
Apr 03, 2:30AM GlobeNewswire
Mar 28, 3:35AM GlobeNewswire
Jan 24, 7:06AM Benzinga
Jan 24, 1:30AM GlobeNewswire
Jan 24, 1:30AM GlobeNewswire
Jan 23, 4:41PM Benzinga
Dec 01, 1:30AM GlobeNewswire
about 183 days ago by wsfms
about 651 days ago by BloombergNow
about 668 days ago by goingmakai
about 692 days ago by KiplingerMedia
about 859 days ago by MOFinancial
about 1310 days ago by TradeIdeas
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NJ | 20.55 | -0.09 | -0.44% | 11.98B |
| NIO | 14.83 | +0.03 | +0.20% | |
| NINE | 1.10 | +0.00 | +0.00% | 42.67M |
| NIM | 10.57 | -0.06 | -0.56% | |
| NILE | 32.14 | -0.89 | -2.69% | 458.79M |
| NII | 15.55 | +0.06 | +0.39% | |
| NIHD | 11.41 | -0.31 | -2.65% | 2.006B |
| NIE | 16.41 | -0.17 | -1.04% | |
| NICK | 12.18 | -0.18 | -1.46% | 148.07M |
| NICE | 37.05 | -0.65 | -1.72% | 2.330B |
