United Microelectronics Corporation (UMC)
United Microelectronics Corporation Tangible Common Equity Ratio
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UMC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 69.78% | Sep 2007 |
| Maximum | 89.00% | Mar 2009 |
| Average | 83.05% |
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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UMC News
May 31, 10:26AM Street Insider
about 2 days ago by TradeIdeasQuant
about 34 days ago by Random_Walk
about 34 days ago by Urbane_Gorilla
about 34 days ago by Random_Walk
Apr 25, 2:34PM Seeking Alpha
Apr 11, 8:00AM PR Newswire
Apr 09, 9:23AM theflyonthewall.com
about 70 days ago by bk0223
Feb 21, 9:23AM Street Insider
Feb 08, 1:50PM Seeking Alpha
about 322 days ago by DynamicDividend
about 389 days ago by RaginCajun
about 505 days ago by picksthatmakecentscom
about 506 days ago by picksthatmakecentscom
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| UMC | 2.11 | -0.16 | -7.05% | 5.732B |
| UMBF | 48.77 | +0.56 | +1.16% | 1.955B |
| ULTR | 1.43 | -0.02 | -1.38% | 43.51M |
| ULTI | 80.33 | -0.14 | -0.17% | 2.123B |
| ULTA | 89.37 | -0.23 | -0.26% | 5.545B |
| ULQ | 49.95 | +0.03 | +0.06% | |
| ULGX | 1.15 | +0.04 | +3.61% | 16.39M |
| ULE | 21.65 | -0.01 | -0.05% | |
| TXN | 28.48 | -0.47 | -1.62% | 33.06B |
| TXCC | 1.68 | -0.02 | -1.18% | 52.14M |
