NetApp (NTAP)
NetApp Tangible Common Equity Ratio: 37.57%
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NTAP Tangible Common Equity Ratio Rankings
| Overall | 48th percentile | 2252 of 4391 |
| Sector | 63rd percentile | 295 of 813 in Technology |
| Industry | 61st percentile | 7 of 18 in Data Storage Devices |
NTAP Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 15.97% | Jul 2008 |
| Maximum | 43.43% | Jul 2007 |
| Average | 31.24% |
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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NTAP News
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May 24, 3:52PM Street Insider
May 24, 2:15PM Street Insider
May 24, 11:45AM Benzinga
May 24, 10:27AM Street Insider
May 24, 7:49AM Street Insider
May 24, 7:44AM Benzinga
May 24, 7:29AM Street Insider
May 23, 8:25AM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NTAP | 29.52 | -0.19 | -0.64% | 10.78B |
| NSYS | 3.020 | -0.49 | -13.96% | 8.275M |
| NSU | 3.61 | +0.25 | +7.44% | 673.58M |
| NST | 47.65 | +0.00 | +0.00% | 4.936B |
| NSSC | 2.87 | +0.00 | +0.00% | 54.82M |
| NSR | 32.96 | -0.56 | -1.67% | 2.259B |
| NRO | 4.15 | -0.08 | -1.89% | |
| NRIM | 21.85 | -0.06 | -0.27% | 141.76M |
| NRGY | 17.31 | -0.14 | -0.80% | 2.194B |
| NRG | 15.33 | -0.39 | -2.48% | 3.579B |
