Taiwan Semiconductor Manufacturing Company (TSM)
Taiwan Semiconductor Manufacturing Company Tangible Common Equity Ratio
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TSM Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 71.47% | Jun 2011 |
| Maximum | 87.12% | Mar 2009 |
| Average | 80.84% |
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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TSM News
May 31, 5:01PM TheStreet
May 31, 4:34PM Fox Business
May 31, 10:23AM Street Insider
May 28, 2:30AM Business Wire
May 21, 4:34PM Fox Business
about 19 days ago by Fibline
about 22 days ago by ahurwitz
May 04, 5:01PM TheStreet
about 30 days ago by frotuss
about 34 days ago by Fibline
about 35 days ago by Fibline
about 36 days ago by azendrian
about 36 days ago by ACInvestorBlog
Apr 26, 2:16PM Seeking Alpha
about 36 days ago by sssc
about 36 days ago by tbleile
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| TSM | 13.73 | -0.20 | -1.44% | 72.20B |
| TNB | 71.99 | +0.00 | +0.00% | 3.758B |
| TNAV | 6.01 | +0.20 | +3.44% | 241.81M |
| TNA | 47.26 | -0.31 | -0.65% | |
| TMX | 15.33 | +0.00 | +0.00% | |
| TMS | 11.10 | -0.37 | -3.23% | |
| TMP | 36.61 | +0.01 | +0.03% | 408.46M |
| TIVO | 8.54 | -0.42 | -4.69% | 1.044B |
| TITN | 30.85 | -1.33 | -4.13% | 668.70M |
| TISI | 26.68 | +0.33 | +1.25% | 518.83M |
