Nucor Corporation (NUE)
Nucor Corporation Tangible Common Equity Ratio: 42.31%
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NUE Tangible Common Equity Ratio Rankings
| Overall | 44th percentile | 2456 of 4391 |
| Sector | 58th percentile | 209 of 507 in Basic Materials |
| Industry | 53rd percentile | 14 of 30 in Steel & Iron |
NUE Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 32.38% | Mar 2008 |
| Maximum | 56.42% | Jun 2007 |
| Average | 45.61% |
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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NUE News
May 24, 8:25AM Marketwire
May 23, 8:30AM PR Newswire
about 10 days ago by TrendHopper
about 14 days ago by Templec4
about 15 days ago by Jazzstocks
about 30 days ago by Liquid_Trader
about 37 days ago by InTheMoneyStocks
about 37 days ago by TradeBot
about 39 days ago by ChartLabPro
about 41 days ago by OperationStackola
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NUE | 35.90 | -0.71 | -1.94% | 11.61B |
| NUCL | 31.31 | +0.16 | +0.52% | |
| NUAN | 20.77 | -0.63 | -2.94% | 6.595B |
| NU | 35.95 | -0.80 | -2.18% | 6.512B |
| NTZ | 2.78 | +0.09 | +3.35% | 151.62M |
| PFE | 22.04 | -0.14 | -0.63% | 167.18B |
| PFD | 13.85 | -0.04 | -0.29% | |
| PFCB | 51.26 | -0.12 | -0.23% | 1.090B |
| PFBCD | 12.32 | +0.28 | +2.33% | |
| PFBC | 12.18 | -0.14 | -1.14% | 162.50M |
