Texas Instruments (TXN)
Texas Instruments Tangible Common Equity Ratio: 28.73%
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TXN Tangible Common Equity Ratio Rankings
| Overall | 58th percentile | 1820 of 4388 |
| Sector | 71st percentile | 234 of 815 in Technology |
| Industry | 83rd percentile | 4 of 24 in Semiconductor - Broad Line |
TXN Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 26.23% | Dec 2011 |
| Maximum | 80.73% | Jun 2007 |
| Average | 69.51% |
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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TXN News
May 30, 9:00AM Marketwire
about 3 days ago by abubnic
May 29, 8:00AM PR Newswire
about 6 days ago by abubnic
May 23, 11:44AM Street Insider
May 17, 11:30AM PR Newswire
May 16, 11:30AM PR Newswire
May 16, 8:00AM PR Newswire
May 10, 2:43PM PR Newswire
May 09, 11:05AM Street Insider
May 07, 9:15AM Street Insider
May 04, 11:00AM PR Newswire
about 31 days ago by abubnic
about 31 days ago by rocksoptions
about 37 days ago by passiveharry
about 38 days ago by ajedrez
about 38 days ago by trending123
about 38 days ago by ronellman
about 38 days ago by MercenaryJack
about 38 days ago by mytfine
about 38 days ago by passiveharry
about 38 days ago by GoofyGolfa
about 38 days ago by TripleDTrader
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| TXN | 27.06 | -1.42 | -4.99% | 32.53B |
| TNK | 3.98 | -0.09 | -2.21% | 262.03M |
| TNH | 200.25 | +0.21 | +0.10% | 3.701B |
| TNGO | 17.93 | -1.38 | -7.15% | 660.98M |
| TNGN | 0.28 | -0.01 | -1.75% | 6.829M |
| TNE | 10.99 | +0.00 | +0.00% | 4.205B |
| TNDM | 13.57 | +0.13 | +0.97% | 426.71M |
| TNC | 40.96 | -1.24 | -2.94% | 797.58M |
| TNB | 71.99 | +0.00 | +0.00% | 3.758B |
| STD | 5.33 | +0.01 | +0.19% | 47.40B |
