Occidental Petroleum Corporation (OXY)
Occidental Petroleum Corporation Tangible Common Equity Ratio: 62.88%
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OXY Tangible Common Equity Ratio Rankings
| Overall | 24th percentile | 3306 of 4390 |
| Sector | 30th percentile | 350 of 507 in Basic Materials |
| Industry | 6th percentile | 14 of 15 in Major Integrated Oil & Gas |
OXY Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 60.67% | Jun 2008 |
| Maximum | 67.62% | Mar 2009 |
| Average | 64.35% |
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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OXY News
about 10 days ago by princebhojwani
about 11 days ago by ksnyder2000
about 11 days ago by tradewithpete
about 15 days ago by DigDugTrader
about 22 days ago by mytfine
about 27 days ago by SilentPatriot
May 03, 1:58PM Street Insider
about 30 days ago by Leaf_West
about 30 days ago by ronin245
about 34 days ago by Leaf_West
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| OXY | 79.26 | -1.03 | -1.28% | 65.11B |
| OXM | 46.02 | +1.33 | +2.98% | 737.38M |
| OXGN | 0.8601 | -0.04 | -4.43% | 13.66M |
| OXF | 7.68 | -0.01 | -0.13% | 80.05M |
| OWW | 3.65 | -0.10 | -2.67% | 389.21M |
| OLCB | 1.08 | +0.07 | +6.98% | 21.30M |
| OLBK | 10.54 | -0.01 | -0.14% | 71.74M |
| OKSB | 9.51 | +0.01 | +0.11% | 184.78M |
| OKS | 54.65 | -1.05 | -1.89% | 11.35B |
| OKE | 82.99 | -0.22 | -0.26% | 8.647B |
