Petrobras - Petroleo Brasileiro (PBR)
Petrobras - Petroleo Brasileiro Tangible Common Equity Ratio: 48.10%
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PBR Tangible Common Equity Ratio Rankings
| Overall | 38th percentile | 2707 of 4390 |
| Sector | 50th percentile | 251 of 507 in Basic Materials |
| Industry | 53rd percentile | 30 of 64 in Oil & Gas Drilling & Exploration |
PBR Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 37.70% | Dec 2008 |
| Maximum | 52.44% | Dec 2010 |
| Average | 43.03% |
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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PBR News
May 31, 12:33PM Fox Business
about 2 days ago by woowtrading
about 3 days ago by Sakuraba5513
about 6 days ago by DrNick
about 12 days ago by DrNick
May 18, 11:01AM Street Insider
about 14 days ago by bradloncar
May 17, 4:33PM Fox Business
about 15 days ago by lovedmarket
about 15 days ago by lamonicabuzz
about 16 days ago by mytfine
May 16, 9:01AM Street Insider
about 22 days ago by EPS_MomentuM
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PBR | 19.56 | +0.43 | +2.25% | 71.19B |
| PBNY | 7.72 | +0.00 | +0.00% | 292.51M |
| SCON | 0.64 | -0.03 | -4.33% | 26.97M |
| SCOK | 2.12 | +0.13 | +6.53% | 41.97M |
| SCO | 49.65 | +1.16 | +2.39% | |
| SCMRD | 13.26 | -0.25 | -1.85% | |
| SCMR | 13.26 | -0.25 | -1.85% | 389.49M |
| SCMF | 2.78 | -0.01 | -0.36% | 46.96M |
| SCLN | 6.30 | -0.01 | -0.16% | 365.03M |
| SCL | 90.38 | -0.27 | -0.30% | 989.90M |
