Apogee Enterprises (APOG)
Apogee Enterprises Tangible Common Equity Ratio: 58.62%
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APOG Tangible Common Equity Ratio Rankings
| Overall | 28th percentile | 3132 of 4385 |
| Sector | 22nd percentile | 245 of 317 in Industrial Goods |
| Industry | 28th percentile | 15 of 21 in General Building Materials |
APOG Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 42.20% | Feb 2008 |
| Maximum | 60.92% | Aug 2010 |
| Average | 54.13% |
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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APOG News
about 19 days ago by MarketBrief
about 20 days ago by fallondpicks
about 29 days ago by DynamicDividend
Apr 27, 5:11PM Business Wire
about 46 days ago by RecogniaEvents
Apr 11, 6:30PM Business Wire
Jan 20, 11:30AM Street Insider
Dec 14, 6:32PM Street Insider
about 227 days ago by DynamicDividend
about 314 days ago by patonet
about 331 days ago by DynamicDividend
about 577 days ago by Tieler
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| APOG | 14.97 | -0.02 | -0.13% | 419.46M |
| AON | 47.39 | +0.04 | +0.08% | 15.41B |
| AOL | 27.48 | -0.13 | -0.47% | 2.605B |
| ANX | 0.535 | -0.01 | -0.93% | 25.53M |
| ANW | 5.27 | +0.01 | +0.19% | 243.63M |
| ANV | 27.47 | -0.20 | -0.72% | 2.463B |
| ASEI | 49.46 | +1.29 | +2.68% | 441.18M |
| ASCMA | 52.78 | +1.12 | +2.17% | 710.95M |
| ASCA | 18.42 | +0.13 | +0.71% | 605.47M |
| ASBC | 12.76 | -0.04 | -0.31% | 2.229B |
