Nippon Telegraph and Telephone Corporation (NTT)
Nippon Telegraph and Telephone Corporation Tangible Common Equity Ratio: 46.21%
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NTT Tangible Common Equity Ratio Rankings
| Overall | 40th percentile | 2627 of 4391 |
| Sector | 56th percentile | 353 of 813 in Technology |
| Industry | 37th percentile | 10 of 16 in Telecom Services - Foreign |
NTT Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 32.11% | Mar 2009 |
| Maximum | 48.14% | Sep 2010 |
| Average | 41.34% |
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.
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NTT News
May 31, 12:10AM Benzinga
about 10 days ago by TradeIdeasQuant
about 14 days ago by TradeIdeasQuant
May 01, 8:00AM Business Wire
about 45 days ago by ajb_2010
Feb 06, 9:34AM Seeking Alpha
about 118 days ago by SonaliVerma
Jan 11, 8:00AM Business Wire
Oct 26, 8:30AM Marketwire
Oct 24, 1:37PM Wall Street Transcript
about 294 days ago by wikiwealth
about 307 days ago by SharePlanner
about 336 days ago by JeffReevesIP
about 358 days ago by wikiwealth
about 377 days ago by ActiveInvesting
about 545 days ago by SharePlanner
about 742 days ago by NationBill_
about 833 days ago by patternstocks
about 863 days ago by TradeIdeas
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NTT | 21.29 | -0.06 | -0.28% | 54.04B |
| NTSP | 7.40 | +0.04 | +0.54% | 560.98M |
| NTSC | 5.86 | +0.01 | +0.17% | 66.10M |
| NTRS | 42.85 | -1.09 | -2.48% | 10.60B |
| NTRI | 10.37 | -0.32 | -2.99% | 301.89M |
| NTN | 0.175 | -0.03 | -12.50% | 14.20M |
| NTLSD | 18.70 | -0.54 | -2.81% | |
| NTLS | 18.70 | -0.54 | -2.81% | 407.50M |
| NTL | 15.50 | -0.51 | -3.19% | 470.85M |
| NFC | 14.52 | +0.01 | +0.07% |
