Alaska Communications Systems Group (ALSK)
Alaska Communications Systems Group Tangible Common Equity Ratio: -15.00%
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ALSK Tangible Common Equity Ratio Rankings
| Overall | 89th percentile | 441 of 4385 |
| Sector | 88th percentile | 93 of 814 in Technology |
| Industry | 57th percentile | 8 of 19 in Telecom Services - Domestic |
ALSK Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -17.76% | Sep 2007 |
| Maximum | 2.32% | Dec 2007 |
| Average | -6.50% |
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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ALSK News
about 4 days ago by BrantleyFoster
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about 26 days ago by earthdogpj
about 26 days ago by earningscast
about 26 days ago by earthdogpj
about 26 days ago by earthdogpj
about 27 days ago by Spidermath
about 27 days ago by earthdogpj
about 37 days ago by earthdogpj
about 37 days ago by earthdogpj
Apr 12, 4:05PM Business Wire
Mar 20, 4:12PM Street Insider
Feb 13, 4:05PM Business Wire
Feb 08, 8:20AM Marketwire
Jan 25, 4:05PM Business Wire
Jan 20, 8:20AM Marketwire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ALSK | 1.85 | +0.00 | +0.00% | 83.86M |
| ALR | 18.62 | +0.05 | +0.27% | 1.495B |
| ALOT | 8.00 | +0.00 | +0.00% | 59.20M |
| ALOG | 65.24 | -0.82 | -1.24% | 797.89M |
| ALO | 11.69 | +0.00 | +0.00% | |
| ALNY | 10.43 | +0.00 | +0.00% | 540.59M |
| ALN | 1.25 | -0.04 | -3.10% | 43.09M |
| ALLT | 23.89 | -0.31 | -1.28% | 714.79M |
| AMTD | 17.24 | +0.19 | +1.11% | 9.458B |
| AMTC | 0.1999 | +0.00 | +0.00% | 0.6797M |
