Teekay Corporation (TK)
Teekay Corporation Tangible Common Equity Ratio: 28.21%
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TK Tangible Common Equity Ratio Rankings
| Overall | 59th percentile | 1794 of 4388 |
| Sector | 56th percentile | 372 of 856 in Services |
| Industry | 73rd percentile | 11 of 42 in Shipping |
TK Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 18.78% | Mar 2008 |
| Maximum | 31.96% | Mar 2011 |
| Average | 26.58% |
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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TK News
about 10 days ago by TeekayCorp
about 16 days ago by TeekayCorp
about 16 days ago by TeekayCorp
about 22 days ago by TeekayCorp
about 25 days ago by TeekayCorp
May 07, 5:01PM Thomson Reuters ONE
about 38 days ago by TeekayCorp
about 43 days ago by TeekayCorp
about 43 days ago by thestockbandit
Apr 16, 4:45PM Street Insider
about 50 days ago by marketfolly
about 52 days ago by DynamicDividend
about 53 days ago by darrellheaps
about 63 days ago by TeekayCorp
about 66 days ago by algokid
about 67 days ago by TeekayCorp
Mar 15, 11:19AM Benzinga
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| TK | 26.16 | -0.78 | -2.90% | 1.856B |
| TJX | 40.90 | -1.56 | -3.67% | 31.70B |
| TIVO | 8.07 | -0.47 | -5.50% | 1.044B |
| TD | 73.85 | -2.52 | -3.30% | 68.96B |
| TCX | 1.33 | -0.07 | -5.00% | 64.67M |
| TCRD | 12.33 | -0.35 | -2.76% | 256.39M |
| TCP | 40.78 | -0.22 | -0.54% | 2.192B |
| TCO | 71.24 | -1.76 | -2.41% | 4.238B |
| TCL | 7.66 | +0.06 | +0.79% | 1.083B |
| TCK | 29.56 | -0.25 | -0.84% | 17.19B |
