The Advisory Board Company (ABCO)
The Advisory Board Company Tangible Common Equity Ratio: 45.26%
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ABCO Tangible Common Equity Ratio Rankings
| Overall | 41st percentile | 2584 of 4385 |
| Sector | 37th percentile | 534 of 852 in Services |
| Industry | 38th percentile | 56 of 91 in Business Services |
ABCO Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 14.06% | Sep 2011 |
| Maximum | 48.35% | Sep 2007 |
| Average | 26.51% |
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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ABCO News
about 10 days ago by MarketBrief
about 12 days ago by MarketBrief
about 13 days ago by MarketBrief
about 18 days ago by MarketBrief
May 08, 8:24AM Street Insider
about 24 days ago by ACE52WeekHigh
about 24 days ago by Fibline
May 03, 10:30AM PR Newswire
Apr 18, 4:30PM PR Newswire
about 81 days ago by ajb_2010
about 91 days ago by Marshisamerican
Feb 22, 1:30PM PR Newswire
Feb 16, 2:15PM PR Newswire
about 115 days ago by earningscast
Feb 01, 4:49PM Benzinga
Feb 01, 4:48PM PR Newswire
Jan 23, 2:00PM PR Newswire
Jan 05, 12:09PM PR Newswire
about 151 days ago by StockTwits
about 151 days ago by jaykza
about 151 days ago by ldrogen
Dec 01, 2:30PM PR Newswire
Dec 01, 10:00AM GlobeNewswire
Nov 28, 5:59PM PR Newswire
about 194 days ago by MarketBrief
about 206 days ago by billgunderson
about 234 days ago by billgunderson
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ABCO | 94.61 | -1.67 | -1.73% | 1.577B |
| ABCD | 1.36 | +0.08 | +6.25% | 67.40M |
| ABCB | 11.42 | -0.13 | -1.13% | 271.22M |
| ABC | 36.90 | +0.44 | +1.21% | 9.514B |
| ABB | 16.18 | -0.22 | -1.34% | 37.45B |
| ADAT | 0.70 | -0.03 | -3.89% | 37.66M |
| ACY | 11.95 | -0.80 | -6.27% | 18.40M |
| ACXM | 13.97 | +0.69 | +5.20% | 1.092B |
| ACWX | 35.79 | -0.08 | -0.22% | |
| ACW | 5.92 | +0.05 | +0.85% | 280.13M |