Prologis (PLD)
Prologis Tangible Common Equity Ratio: 48.39%
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PLD Tangible Common Equity Ratio Rankings
| Overall | 37th percentile | 2724 of 4390 |
| Sector | 15th percentile | 733 of 871 in Financial |
| Industry | 42nd percentile | 8 of 14 in REIT - Industrial |
PLD Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 31.39% | Dec 2008 |
| Maximum | 50.04% | Dec 2011 |
| Average | 42.47% |
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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PLD News
about 14 days ago by RecogniaEvents
about 14 days ago by RecogniaEvents
about 23 days ago by Attitrade
May 07, 9:05AM Street Insider
about 30 days ago by Attitrade
about 30 days ago by earningscast
Apr 26, 8:45AM Benzinga
Apr 26, 8:10AM Marketwire
Apr 09, 8:45AM PR Newswire
Apr 04, 8:45AM PR Newswire
Apr 03, 9:43AM Thomson Reuters ONE
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PLD | 32.00 | +0.21 | +0.66% | 14.62B |
| PLCM | 11.45 | -0.13 | -1.12% | 2.055B |
| PATR | 20.39 | -0.73 | -3.46% | 189.83M |
| PATH | 3.12 | -0.06 | -1.89% | 46.02M |
| PARL | 5.78 | +0.00 | +0.00% | 120.05M |
| PAR | 5.12 | -0.02 | -0.39% | 77.92M |
| PANL | 28.15 | -1.09 | -3.73% | 1.349B |
| PAM | 4.67 | +0.00 | +0.00% | 245.50M |
| PAL | 2.28 | -0.05 | -2.15% | 379.70M |
| PAGG | 26.92 | -0.24 | -0.89% |