Thomas & Betts Corporation (TNB)
Thomas & Betts Corporation Tangible Common Equity Ratio: 26.31%
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TNB Tangible Common Equity Ratio Rankings
| Overall | 60th percentile | 1727 of 4388 |
| Sector | 62nd percentile | 120 of 317 in Industrial Goods |
| Industry | 53rd percentile | 20 of 43 in Industrial Electrical Equipment |
TNB Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -0.83% | Dec 2008 |
| Maximum | 42.54% | Jun 2007 |
| Average | 14.46% |
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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TNB News
May 22, 3:06PM Street Insider
Feb 09, 12:56PM PR Newswire
Feb 02, 11:36AM PR Newswire
Jan 31, 10:49AM Business Wire
about 123 days ago by sld1986
about 123 days ago by Street_Insider
about 123 days ago by trending123
about 123 days ago by Street_Insider
about 123 days ago by trending123
about 123 days ago by trending123
about 124 days ago by trevorloe
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| TNB | 71.99 | +0.00 | +0.00% | 3.758B |
| STD | 5.34 | +0.02 | +0.38% | 47.40B |
| STC | 13.51 | -0.32 | -2.31% | 267.33M |
| STB | 6.55 | -0.07 | -1.06% | |
| STAN | 18.66 | -0.34 | -1.81% | 296.94M |
| STAA | 8.25 | -0.24 | -2.83% | 307.34M |
| ST | 30.01 | -0.70 | -2.28% | 5.419B |
| SSYS | 44.35 | -3.17 | -6.67% | 1.012B |
| SSY | 0.93 | +0.00 | +0.00% | 8.788M |
| SSW | 15.91 | -0.33 | -2.03% | 1.021B |
