Formulae
- TCE = total equity – intangible assets – goodwill – preferred stock
- TCE ratio = TCE / (total assets)
- Leverage ratio = (total assets – intangible assets – goodwill) / TCE
Read more about this topic: Tangible Common Equity
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“I don’t believe in providence and fate, as a technologist I am used to reckoning with the formulae of probability.”
—Max Frisch (1911–1991)