Verizon Communications (VZ)
Verizon Communications Tangible Common Equity Ratio: -11.69%
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VZ Tangible Common Equity Ratio Rankings
| Overall | 89th percentile | 474 of 4388 |
| Sector | 86th percentile | 106 of 815 in Technology |
| Industry | 47th percentile | 10 of 19 in Telecom Services - Domestic |
VZ Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -16.55% | Sep 2008 |
| Maximum | 4.41% | Dec 2008 |
| Average | -11.34% |
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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VZ News
Jun 01, 8:04AM Street Insider
about a day ago by covestor
May 31, 10:07AM Street Insider
May 30, 9:13AM Street Insider
about 3 days ago by Fernandinho
May 29, 4:05PM PR Newswire
about 3 days ago by VerizonIR
about 5 days ago by howardlindzon
about 6 days ago by abubnic
about 7 days ago by NakedSwanTrading
about 7 days ago by KGTrading
about 8 days ago by rg_trader
about 8 days ago by itz_stock_chartz
about 8 days ago by itz_stock_chartz
about 8 days ago by itz_stock_chartz
about 9 days ago by StoneTool
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| VZ | 41.15 | -0.49 | -1.18% | 118.07B |
| VYFC | 7.80 | +0.04 | +0.52% | 36.97M |
| VXUS | 38.98 | -0.88 | -2.21% | |
| VXF | 53.50 | -1.20 | -2.19% | |
| VVUS | 23.71 | -1.08 | -4.36% | 2.429B |
| VVTV | 1.69 | -0.05 | -2.87% | 84.48M |
| VVR | 4.65 | +0.02 | +0.43% | |
| VVI | 17.37 | -0.34 | -1.92% | 356.86M |
| VVC | 28.75 | -0.57 | -1.94% | 2.404B |
| VV | 58.84 | -1.26 | -2.10% |
