USG Corporation (USG)
USG Corporation Tangible Common Equity Ratio: 4.13%
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USG Tangible Common Equity Ratio Rankings
| Overall | 83rd percentile | 712 of 4388 |
| Sector | 81st percentile | 60 of 317 in Industrial Goods |
| Industry | 71st percentile | 6 of 21 in General Building Materials |
USG Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 4.13% | Mar 2012 |
| Maximum | 45.17% | Dec 2007 |
| Average | 26.36% |
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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USG News
about 4 days ago by RalfKaiser
May 17, 8:10AM Marketwire
May 07, 4:40PM Business Wire
about 33 days ago by The_Real_Fly
about 46 days ago by ycharts
about 46 days ago by earningscast
about 46 days ago by LukeKramer
about 46 days ago by LukeKramer
about 46 days ago by jscales528
about 46 days ago by jscales528
Apr 12, 8:34AM Benzinga
about 51 days ago by jscales528
Apr 10, 9:00AM Business Wire
about 54 days ago by prostocktrader
about 54 days ago by prostocktrader
Apr 09, 10:00AM Business Wire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| USG | 13.96 | -1.46 | -9.47% | 1.624B |
| USEG | 2.22 | -0.03 | -1.33% | 61.76M |
| USD | 31.35 | -2.27 | -6.75% | |
| USCR | 4.69 | -0.22 | -4.48% | |
| USBI | 4.85 | -0.03 | -0.61% | 29.38M |
| USB | 29.60 | -1.51 | -4.85% | 59.45B |
| USAT | 1.40 | -0.01 | -0.71% | 46.04M |
| USAP | 38.51 | -1.73 | -4.30% | 275.64M |
| USA | 4.29 | -0.12 | -2.72% | |
| URZ | 1.28 | -0.07 | -5.19% | 104.15M |
