Affirmative Insurance (AFFM)
Affirmative Insurance Tangible Common Equity Ratio: -33.34%
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AFFM Tangible Common Equity Ratio Rankings
| Overall | 93rd percentile | 299 of 4385 |
| Sector | 98th percentile | 16 of 871 in Financial |
| Industry | 98th percentile | 1 of 80 in Property & Casualty Insurance |
AFFM Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -33.34% | Mar 2012 |
| Maximum | 8.12% | Mar 2009 |
| Average | -4.64% |
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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AFFM News
Mar 30, 4:00PM GlobeNewswire
Nov 14, 6:45PM GlobeNewswire
Aug 15, 7:00PM GlobeNewswire
Jun 17, 2:37PM Business Wire
May 16, 5:00PM GlobeNewswire
Mar 31, 6:30PM GlobeNewswire
about 976 days ago by datajunkies
about 1237 days ago by TradeIdeas
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| AFFM | 0.4502 | -0.10 | -18.10% | 6.938M |
| 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 |
