Alliance Holdings GP (AHGP)
Alliance Holdings GP Tangible Common Equity Ratio: 36.84%
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AHGP Tangible Common Equity Ratio Rankings
| Overall | 49th percentile | 2213 of 4385 |
| Sector | 67th percentile | 164 of 510 in Basic Materials |
| Industry | 85th percentile | 1 of 7 in Nonmetallic Mineral Mining |
AHGP Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 24.48% | Jun 2008 |
| Maximum | 37.37% | Dec 2007 |
| Average | 32.40% |
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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AHGP News
about 27 days ago by DynamicDividend
about 27 days ago by DynamicDividend
about 34 days ago by MLP_Protocol
about 41 days ago by MLP_Protocol
Apr 16, 7:00AM Business Wire
about 48 days ago by MLP_Protocol
about 55 days ago by MLP_Protocol
about 59 days ago by TradeBot
Mar 15, 10:10AM Business Wire
about 88 days ago by ActiveInvestor
about 121 days ago by WallStreetBean
about 121 days ago by DynamicDividend
Jan 27, 9:32AM Street Insider
about 212 days ago by wallstreetbean
about 212 days ago by DynamicDividend
about 305 days ago by DynamicDividend
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| AHGP | 43.30 | +0.73 | +1.73% | 2.592B |
| AHC | 3.96 | -0.10 | -2.46% | 86.45M |
| AGZ | 113.05 | -0.12 | -0.11% | 361.76M |
| AGYS | 7.19 | -0.13 | -1.78% | 162.71M |
| AGX | 14.44 | -0.02 | -0.14% | 196.96M |
| AGU | 79.28 | -1.43 | -1.77% | 12.51B |
| AGRO | 8.79 | +0.04 | +0.46% | 1.055B |
| AGQ | 41.58 | +0.57 | +1.39% | |
| AGP | 61.81 | -0.20 | -0.32% | 2.974B |
| AGOL | 155.89 | +0.86 | +0.55% |