Applied Industrial Technologies (AIT)
Applied Industrial Technologies Tangible Common Equity Ratio: 63.87%
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AIT Tangible Common Equity Ratio Rankings
| Overall | 23rd percentile | 3342 of 4385 |
| Sector | 17th percentile | 700 of 852 in Services |
| Industry | 33rd percentile | 8 of 12 in Industrial Equipment Wholesale |
AIT Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 43.78% | Sep 2008 |
| Maximum | 65.95% | Dec 2011 |
| Average | 56.70% |
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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AIT News
May 25, 8:25AM Street Insider
May 25, 8:17AM Benzinga
about 31 days ago by earningscast
Apr 26, 7:52AM Street Insider
Apr 26, 7:30AM PR Newswire
Mar 28, 1:03PM PR Newswire
about 86 days ago by RecogniaEvents
Mar 01, 2:32PM PR Newswire
Feb 01, 7:30AM Benzinga
about 123 days ago by earningscast
about 123 days ago by DynamicDividend
about 139 days ago by FASTgraphs
about 141 days ago by 1nvestor
about 179 days ago by Centrifugal
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| AIT | 37.16 | -0.13 | -0.35% | 1.561B |
| AIS | 2.89 | +0.02 | +0.70% | 299.69M |
| AIRT | 9.250 | +0.17 | +1.87% | 22.66M |
| AIRM | 91.97 | -0.12 | -0.13% | 1.159B |
| AIR | 12.48 | -0.29 | -2.27% | 502.69M |
| AIQ | 1.05 | -0.02 | -1.87% | 55.99M |
| AMS | 3.09 | +0.03 | +0.98% | 14.24M |
| AMRS | 2.57 | +0.20 | +8.44% | 144.59M |
| AMRI | 2.71 | -0.05 | -1.81% | 83.39M |
| AMRC | 11.07 | -0.15 | -1.34% | 289.15M |
