Tangible Common Equity for Ciena Corp

Metrics similar to Tangible Common Equity in the financials category include:

• Trust Pref. Securities - This item represents a specific type of security possessing characteristics of both equity and debt securities. A company creates trust-preferred security by creating a subsidiary trust and providing funds through loans to the parent company. The trust issues mandatory redeemable preferred securities and the proceeds are invested by the trust in the subordinated debentures of the company, which are the sole assets of the trust. On maturity the company repays the debentures and the Trust in turn uses these amounts to redeem the preferred securities. The interest flows back through the subsidiary to the preferred shareholders. Because the interest paid to the trust is tax-deductible, and the subsidiary is not taxed on the interest received because it flows to the shareholders, the company may realize significant tax benefits.
• Treasury Stock & Other - Common shares bought back by the issuing company and held in its treasury and other equity.
• Net Current Asset Value (NCAV) - A calculation inspired by Benjamin Graham. Net Current Asset Value is calculated as current assets minus total liabilities.
• Gross Property Plant And Equipment - The sum of all gross property, plant & equipment fields. Where companies do not report a breakdown of plant, property, & equipment, the value is entered in this field alone.