Anooraq Resources Corporation (ANO)
Anooraq Resources Corporation Tangible Common Equity Ratio: -4.65%
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ANO Tangible Common Equity Ratio Rankings
| Overall | 87th percentile | 552 of 4385 |
| Sector | 96th percentile | 19 of 510 in Basic Materials |
| Industry | 96th percentile | 2 of 60 in Industrial Metals & Minerals |
ANO Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -493.6% | Mar 2011 |
| Maximum | 38.87% | Jun 2007 |
| Average | -19.66% |
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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ANO News
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about 116 days ago by Hereditarded
about 116 days ago by Hereditarded
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about 481 days ago by PriceandVolume
about 511 days ago by szaman
about 519 days ago by CompoundinTrade
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ANO | 0.298 | +0.00 | +0.00% | 60.16M |
| AIV | 26.71 | -0.04 | -0.15% | 3.237B |
| 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 |
