Target Corporation (TGT)
Target Corporation Tangible Common Equity Ratio: 34.35%
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TGT Tangible Common Equity Ratio Rankings
| Overall | 52nd percentile | 2098 of 4388 |
| Sector | 50th percentile | 428 of 856 in Services |
| Industry | 72nd percentile | 3 of 11 in Discount, Variety Stores |
TGT Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 28.87% | Oct 2008 |
| Maximum | 40.42% | Jul 2007 |
| Average | 33.76% |
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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TGT News
about 4 hours ago by DynamicDividend
about 7 hours ago by mytfine
about a day ago by koffeedragon
May 31, 9:36AM Street Insider
about a day ago by TradeIdeasQuant
about a day ago by TMXmoney
about 2 days ago by retail_guru
about 2 days ago by Street_Insider
about 3 days ago by MarinaStrauss
about 8 days ago by imhobutdydd
about 8 days ago by SumZero
about 10 days ago by ryancar
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| TGT | 57.22 | -0.69 | -1.19% | 38.71B |
| TGS | 2.12 | +0.02 | +0.95% | 333.69M |
| TEF | 11.17 | +0.10 | +0.90% | 51.85B |
| TECH | 66.42 | -1.44 | -2.12% | 2.501B |
| TECD | 47.17 | -0.44 | -0.92% | 1.966B |
| TEAR | 3.02 | -0.22 | -6.79% | 66.16M |
| TEA | 13.04 | -0.24 | -1.81% | 508.76M |
| TE | 17.19 | -0.21 | -1.21% | 3.755B |
| TDY | 57.17 | -2.41 | -4.04% | 2.187B |
| TDW | 44.47 | -0.61 | -1.35% | 2.306B |
