Argo Group International (AGII)
Argo Group International Tangible Common Equity Ratio: 20.68%
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AGII Tangible Common Equity Ratio Rankings
| Overall | 65th percentile | 1524 of 4385 |
| Sector | 35th percentile | 558 of 871 in Financial |
| Industry | 71st percentile | 23 of 80 in Property & Casualty Insurance |
AGII Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 17.75% | Sep 2008 |
| Maximum | 35.76% | Jun 2007 |
| Average | 21.70% |
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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AGII News
about 19 days ago by earningscast
May 01, 8:00AM Business Wire
Apr 23, 12:00PM Business Wire
Apr 13, 1:35PM Business Wire
Apr 13, 10:00AM Business Wire
Mar 27, 3:00PM Business Wire
about 102 days ago by earningscast
Feb 15, 7:04AM Street Insider
Feb 14, 12:04PM Business Wire
Feb 07, 4:00PM Business Wire
Feb 07, 1:00PM Business Wire
Feb 06, 4:00PM Business Wire
Jan 27, 8:00AM Business Wire
Jan 20, 7:02AM Benzinga
about 356 days ago by patonet
about 356 days ago by patonet
about 433 days ago by Schooz71
about 552 days ago by NASDAQ
about 641 days ago by stt2318
about 784 days ago by sssc
about 855 days ago by yesandnotyes
about 989 days ago by bettertrades
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| 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 |
| AFB | 15.39 | +0.04 | +0.26% | |
| AFAM | 21.88 | +0.97 | +4.64% | 205.02M |
| AF | 9.05 | +0.10 | +1.12% | 891.79M |
| AEZS | 0.47 | -0.03 | -5.05% | 49.71M |
| AEY | 2.201 | -0.02 | -0.86% | 22.47M |