AFC Enterprises (AFCE)
AFC Enterprises Tangible Common Equity Ratio: -42.97%
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AFCE Tangible Common Equity Ratio Rankings
| Overall | 94th percentile | 239 of 4385 |
| Sector | 88th percentile | 95 of 852 in Services |
| Industry | 89th percentile | 5 of 47 in Restaurants |
AFCE Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -144.0% | Sep 2009 |
| Maximum | -42.97% | Mar 2012 |
| Average | -105.3% |
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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AFCE News
May 25, 12:32PM Fox Business
about 2 days ago by DigDugTrader
about 3 days ago by fallondpicks
about 3 days ago by Kenshreve
May 24, 2:14PM Street Insider
May 24, 1:03PM Street Insider
May 24, 10:27AM Street Insider
May 23, 5:16PM Street Insider
May 16, 12:35PM Fox Business
May 15, 5:00PM Business Wire
Apr 30, 9:00AM Business Wire
Mar 07, 5:18PM Street Insider
Mar 01, 5:00PM Business Wire
about 101 days ago by maddogm86
Jan 25, 5:19PM Street Insider
Jan 25, 5:14PM Business Wire
about 167 days ago by TradeIdeasQuant
about 286 days ago by howardlindzon
about 398 days ago by moorcash
about 411 days ago by moorcash
about 465 days ago by ChartSwingTrade
about 615 days ago by OptionRadar
about 635 days ago by Ro_Patel
about 876 days ago by skepticllc
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| AGO | 12.23 | -0.11 | -0.89% | 2.233B |
| AGNC | 32.22 | +0.09 | +0.28% | 9.666B |
| AGN | 90.53 | +0.04 | +0.04% | 27.59B |
| AGMA | 18.51 | +0.00 | +0.00% | |
| AGM | 24.44 | +0.11 | +0.45% | 253.20M |
| AGII | 28.82 | +0.77 | +2.75% | 753.64M |
| AGG | 110.92 | +0.17 | +0.15% | |
| AGEND | 5.20 | +0.06 | +1.17% | |
| AGEN | 5.20 | +0.06 | +1.17% | 116.95M |
| AFCE | 21.69 | +0.84 | +4.03% | 528.80M |