Veeco Instruments (VECO)
Veeco Instruments Tangible Common Equity Ratio: 80.97%
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VECO Tangible Common Equity Ratio Rankings
| Overall | 9th percentile | 3961 of 4388 |
| Sector | 16th percentile | 682 of 815 in Technology |
| Industry | 27th percentile | 31 of 43 in Semiconductor Equipment & Materials |
VECO Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 30.68% | Dec 2007 |
| Maximum | 80.97% | Mar 2012 |
| Average | 49.67% |
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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VECO News
about 3 days ago by investorentrypoint
May 30, 11:11AM Street Insider
May 30, 9:00AM Marketwire
about 3 days ago by ChartMill
May 30, 7:30AM Street Insider
about 3 days ago by ChartMill
about 18 days ago by 1nvestor
about 18 days ago by StockTwits50
about 24 days ago by johnkelly
May 08, 12:55PM Street Insider
about 25 days ago by johnkelly
May 07, 10:38AM Street Insider
about 27 days ago by OptionRunners
about 29 days ago by johnkelly
about 31 days ago by johnkelly
May 01, 3:19PM Street Insider
about 32 days ago by Bullbear123
May 01, 1:33PM Street Insider
May 01, 10:11AM Street Insider
May 01, 9:27AM Street Insider
May 01, 8:23AM Street Insider
Apr 30, 5:58PM Street Insider
Apr 12, 4:00PM Business Wire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| VECO | 33.40 | -1.28 | -3.69% | 1.345B |
| VEA | 28.77 | -0.74 | -2.51% | |
| VE | 11.20 | -0.26 | -2.27% | 5.792B |
| UPI | 4.07 | -0.57 | -12.28% | 96.56M |
| UPG | 1.962 | +0.00 | +0.10% | 9.839M |
| UNTY | 6.09 | -0.04 | -0.65% | 45.73M |
| UNTD | 4.00 | +0.05 | +1.27% | 356.13M |
| UNT | 38.68 | -1.11 | -2.79% | 1.935B |
| UHS | 37.30 | -1.45 | -3.74% | 3.748B |
| UHAL | 81.60 | -2.52 | -3.00% | 1.650B |
