Advent Software (ADVS)
Advent Software Tangible Common Equity Ratio: 11.93%
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ADVS Tangible Common Equity Ratio Rankings
| Overall | 72nd percentile | 1207 of 4385 |
| Sector | 80th percentile | 159 of 814 in Technology |
| Industry | 74th percentile | 21 of 83 in Application Software |
ADVS Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 3.59% | Sep 2011 |
| Maximum | 33.33% | Dec 2010 |
| Average | 21.56% |
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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ADVS News
May 18, 9:10AM Marketwire
May 17, 9:10AM Marketwire
about 16 days ago by earningscast
May 10, 12:07PM GlobeNewswire
May 07, 9:10AM Marketwire
May 03, 4:12PM Thomson Reuters ONE
about 24 days ago by RecogniaEvents
about 25 days ago by MarketBrief
Apr 30, 7:20PM Seeking Alpha
about 27 days ago by earningscast
Apr 30, 4:17PM Marketwire
about 27 days ago by Benzinga
Apr 17, 10:34PM ACN Newswire
Apr 17, 4:24PM ACN Newswire
Apr 17, 4:08PM Thomson Reuters ONE
Apr 13, 4:13PM JCN Newswire
about 58 days ago by MarketBrief
Mar 28, 9:10AM Marketwire
Mar 06, 9:12AM theflyonthewall.com
Mar 01, 9:12AM theflyonthewall.com
Feb 21, 9:10AM Marketwire
Feb 09, 4:40PM JCN Newswire
about 111 days ago by earningscast
Feb 06, 4:24PM JCN Newswire
about 111 days ago by Benzinga
about 194 days ago by 1nvestor
about 195 days ago by 1nvestor
about 196 days ago by 1nvestor
about 216 days ago by Benzinga
about 216 days ago by Benzinga
about 424 days ago by akoptiontrader
about 430 days ago by akoptiontrader
about 511 days ago by sssc
about 511 days ago by trending123
about 531 days ago by trending123
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ADVS | 26.77 | +0.15 | +0.56% | 1.366B |
| ADUS | 3.75 | +0.02 | +0.54% | 40.39M |
| ADTN | 30.09 | +0.29 | +0.97% | 1.920B |
| ADSK | 32.12 | +0.26 | +0.82% | 7.301B |
| ADS | 127.18 | +1.10 | +0.87% | 6.364B |
| ADRU | 17.75 | -0.04 | -0.21% | |
| ADRE | 36.41 | +0.12 | +0.33% | |
| ADPT | 26.00 | -0.25 | -0.95% | |
| AEM | 39.79 | +0.17 | +0.43% | 6.801B |
| AEL | 10.62 | -0.10 | -0.93% | 632.74M |