Assisted Living Concepts (ALC)
Assisted Living Concepts Tangible Common Equity Ratio: 66.58%
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ALC Tangible Common Equity Ratio Rankings
| Overall | 21st percentile | 3456 of 4385 |
| Sector | 34th percentile | 330 of 504 in Healthcare |
| Industry | 0th percentile | 12 of 12 in Long-Term Care Facilities |
ALC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 53.32% | Dec 2008 |
| Maximum | 69.74% | Jun 2007 |
| Average | 60.34% |
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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ALC News
about 16 days ago by MarketBrief
about 18 days ago by TradeBot
May 07, 8:30AM PR Newswire
May 04, 4:08PM Business Wire
May 04, 11:31AM Street Insider
about 23 days ago by TradeBot
May 03, 4:48PM Street Insider
May 03, 3:55PM Marketwire
May 03, 3:53PM Marketwire
Apr 26, 11:18AM Marketwire
about 40 days ago by RecogniaEvents
about 53 days ago by MarketBrief
Apr 04, 4:06AM Benzinga
about 54 days ago by MarketBrief
about 55 days ago by MarketBrief
about 58 days ago by MarketBrief
about 59 days ago by MarketBrief
about 60 days ago by MarketBrief
about 61 days ago by MarketBrief
about 62 days ago by MarketBrief
about 65 days ago by MarketBrief
Mar 08, 7:08AM Street Insider
Mar 08, 6:00AM Marketwire
Mar 05, 12:27PM Marketwire
Feb 09, 9:56AM Marketwire
Nov 04, 7:39AM Street Insider
about 391 days ago by DynamicDividend
about 873 days ago by Commodity_Bull
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ALC | 14.57 | -0.13 | -0.88% | 334.67M |
| AEG | 4.30 | -0.01 | -0.23% | 8.211B |
| AEE | 32.06 | +0.02 | +0.06% | 7.779B |
| AEC | 15.97 | -0.13 | -0.81% | 678.25M |
| AEA | 10.50 | +0.00 | +0.00% | 655.62M |
| AE | 37.18 | +0.07 | +0.19% | 156.90M |
| ADY | 4.81 | +0.03 | +0.63% | 101.15M |
| ADVS | 26.77 | +0.15 | +0.56% | 1.366B |
| AFT | 17.70 | -0.14 | -0.78% | |
| AFSI | 28.92 | -0.54 | -1.83% | 1.740B |