Vulcan Materials Company (VMC)
Vulcan Materials Company Tangible Common Equity Ratio: -0.83%
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VMC Tangible Common Equity Ratio Rankings
| Overall | 86th percentile | 604 of 4388 |
| Sector | 82nd percentile | 54 of 317 in Industrial Goods |
| Industry | 76th percentile | 5 of 21 in General Building Materials |
VMC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -5.46% | Mar 2008 |
| Maximum | 53.48% | Sep 2007 |
| Average | 6.25% |
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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VMC News
May 31, 1:14PM PR Newswire
May 31, 11:57AM Street Insider
May 31, 10:44AM Street Insider
about 3 days ago by azendrian
about 4 days ago by harmongreg
about 5 days ago by 1nvestor
May 17, 12:12PM Street Insider
about 15 days ago by RockyStk
about 16 days ago by RockyStk
about 16 days ago by RockyStk
about 16 days ago by sld1986
about 16 days ago by sld1986
about 16 days ago by TradeIdeasQuant
about 24 days ago by bradloncar
about 33 days ago by The_Real_Fly
about 36 days ago by earningscast
about 39 days ago by Attitrade
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| VMC | 33.84 | -0.81 | -2.34% | 4.479B |
| URG | 0.88 | -0.01 | -1.12% | 107.64M |
| URBN | 27.12 | -0.85 | -3.04% | 4.048B |
| URA | 6.93 | -0.20 | -2.81% | |
| UQM | 1.12 | -0.01 | -0.88% | 41.28M |
| UPS | 73.86 | -1.08 | -1.44% | 71.85B |
| UPRO | 64.58 | -3.83 | -5.60% | |
| UPL | 17.82 | -0.70 | -3.78% | 2.824B |
| UPI | 4.41 | -0.23 | -4.96% | 96.56M |
| TU | 56.00 | -0.69 | -1.22% | 8.492B |
