The Andersons (ANDE)
The Andersons Tangible Common Equity Ratio: 30.52%
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ANDE Tangible Common Equity Ratio Rankings
| Overall | 56th percentile | 1916 of 4385 |
| Sector | 59th percentile | 156 of 381 in Consumer Goods |
| Industry | 78th percentile | 3 of 14 in Farm Products |
ANDE Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 22.02% | Mar 2008 |
| Maximum | 38.30% | Jun 2010 |
| Average | 31.11% |
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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ANDE News
about 9 days ago by RecogniaEvents
May 11, 11:29AM Street Insider
about 19 days ago by earningscast
about 38 days ago by hertcapital
about 55 days ago by singedcat69
Feb 24, 11:45AM Street Insider
about 108 days ago by earningscast
about 108 days ago by MikeTwits
about 158 days ago by scottsinvestments
about 163 days ago by DynamicDividend
about 186 days ago by redman59
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ANDE | 44.85 | +0.40 | +0.90% | 831.52M |
| ANCI | 0.49 | -0.01 | -2.00% | 8.369M |
| ANAT | 68.95 | -0.26 | -0.38% | 1.851B |
| ANAD | 1.98 | +0.01 | +0.51% | 138.36M |
| ANAC | 5.37 | +0.00 | +0.00% | 169.16M |
| AN | 36.27 | +0.39 | +1.09% | 4.519B |
| AMZN | 212.89 | -2.35 | -1.09% | 96.88B |
| ALLT | 23.89 | -0.31 | -1.28% | 714.79M |
| ALL | 33.57 | +0.14 | +0.42% | 16.73B |
| ALKS | 16.14 | +0.19 | +1.19% | 2.092B |
