Newell Rubbermaid (NWL)
Newell Rubbermaid Tangible Common Equity Ratio: -34.35%
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NWL Tangible Common Equity Ratio Rankings
| Overall | 93rd percentile | 295 of 4391 |
| Sector | 89th percentile | 40 of 381 in Consumer Goods |
| Industry | 57th percentile | 3 of 7 in Housewares & Accessories |
NWL Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -53.53% | Dec 2009 |
| Maximum | -22.90% | Mar 2008 |
| Average | -40.18% |
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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NWL News
May 29, 2:25PM Street Insider
about 4 days ago by 1nvestor
May 25, 4:34PM Fox Business
about 6 days ago by azendrian
about 21 days ago by DynamicDividend
May 10, 8:04AM Street Insider
about 30 days ago by Stanley_rossman
about 32 days ago by 1nvestor
about 33 days ago by greatstockpix
Apr 27, 4:20PM Seeking Alpha
about 34 days ago by earningscast
about 34 days ago by eWhispers
about 43 days ago by Attitrade
about 51 days ago by RecogniaEvents
about 62 days ago by theusedblog
about 62 days ago by MarketBrief
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NWL | 18.49 | -0.54 | -2.84% | 5.488B |
| NWK | 1.15 | -0.10 | -8.00% | 38.14M |
| NWE | 35.06 | -0.23 | -0.65% | 1.283B |
| NWBI | 11.55 | -0.23 | -1.95% | 1.149B |
| NVTL | 2.07 | -0.04 | -1.90% | 68.11M |
| MXT | 1.18 | +0.00 | +0.00% | 40.67M |
| MXL | 4.28 | +0.06 | +1.42% | 93.56M |
| MXIM | 25.43 | -0.28 | -1.09% | 7.501B |
| MXI | 54.26 | -1.39 | -2.51% | |
| MXF | 22.46 | -0.26 | -1.14% |
