Repurchase of Common Equity

Repurchase of Common Equity, also known as share buybacks or share repurchases, is a financial metric that refers to the process of a company buying back its own shares from the open market. This means that the company is literally purchasing a portion of its own ownership to reduce the number of outstanding shares available in the market.

The purpose of a share buyback is to decrease the supply of shares available in the market, which can increase the value of the remaining shares by making each share represent a larger percentage of the overall ownership in the company. Additionally, a share buyback can improve a company's ratios that depend on the number of outstanding shares.

However, repurchasing common equity can also indicate that the company does not have better investment opportunities and is using its existing cash reserves to artificially increase its earnings per share. Therefore, investors should evaluate the reasons for the share buyback and its potential impact on the company's long-term financial health before making any investment decisions.

Additional Details

Metric Name	Type	Default Period Type
repurchase_of_common_equity		FY

Formatting Details

Data Format	Display Format	Unit
float	financial	usd