Authentidate (ADAT)
Authentidate Tangible Common Equity Ratio: 25.68%
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ADAT Tangible Common Equity Ratio Rankings
| Overall | 61st percentile | 1695 of 4385 |
| Sector | 74th percentile | 206 of 814 in Technology |
| Industry | 50th percentile | 6 of 12 in Healthcare Information Services |
ADAT Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 25.68% | Mar 2012 |
| Maximum | 86.65% | Jun 2007 |
| Average | 64.78% |
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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ADAT News
about 6 days ago by MarketBrief
Apr 23, 9:00AM GlobeNewswire
about 75 days ago by MarketBrief
Jan 19, 9:00AM GlobeNewswire
about 143 days ago by MarketBrief
about 159 days ago by MarketBrief
about 165 days ago by MarketBrief
Nov 29, 9:02AM Benzinga
Nov 28, 9:17AM FlyOnTheWall
Nov 28, 9:00AM GlobeNewswire
about 187 days ago by MarketBrief
Nov 10, 4:01PM GlobeNewswire
Oct 13, 4:01PM GlobeNewswire
about 228 days ago by MarketBrief
Oct 07, 9:28AM Benzinga
about 242 days ago by MarketBrief
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ADAT | 0.70 | -0.03 | -3.89% | 37.66M |
| AIMC | 17.11 | -0.24 | -1.38% | 460.94M |
| AIM | 3.84 | -0.04 | -1.03% | 14.48M |
| AIG | 28.99 | -0.42 | -1.43% | 54.99B |
| AIA | 39.71 | -0.22 | -0.55% | |
| AI | 22.23 | -0.31 | -1.38% | 170.28M |
| AHT | 8.28 | +0.13 | +1.60% | 563.29M |
| AHPI | 3.29 | +0.00 | +0.00% | 26.71M |
| AHL | 28.13 | -0.12 | -0.42% | 1.994B |
| AHGP | 43.30 | +0.73 | +1.73% | 2.592B |
