American Spectrum Realty (AQQ)
American Spectrum Realty Tangible Common Equity Ratio: 16.67%
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AQQ Tangible Common Equity Ratio Rankings
| Overall | 68th percentile | 1386 of 4385 |
| Sector | 40th percentile | 516 of 871 in Financial |
| Industry | 56th percentile | 13 of 30 in Property Management |
AQQ Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -4.84% | Mar 2010 |
| Maximum | 18.51% | Jun 2011 |
| Average | 5.39% |
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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AQQ News
May 23, 8:55AM Benzinga
Mar 20, 9:23AM Benzinga
about 143 days ago by WatchInsiders
Dec 12, 8:55AM theflyonthewall.com
Dec 12, 8:55AM Benzinga
Nov 21, 8:56AM FlyOnTheWall
Nov 21, 8:55AM Benzinga
Nov 17, 2:44PM FlyOnTheWall
Nov 15, 2:46PM Business Wire
Sep 27, 9:21AM FlyOnTheWall
Sep 27, 9:15AM Benzinga
Sep 20, 8:59AM FlyOnTheWall
Sep 20, 8:58AM Business Wire
Sep 19, 9:16AM Benzinga
Sep 19, 9:16AM Business Wire
Sep 13, 11:46AM Business Wire
about 1452 days ago by timothysykes
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| AQQ | 3.99 | +0.00 | +0.00% | 11.97M |
| APD | 79.94 | -0.51 | -0.63% | 16.84B |
| APC | 63.08 | -0.57 | -0.90% | 31.89B |
| APAGF | 23.59 | +0.69 | +3.01% | 694.49M |
| APA | 82.38 | +0.29 | +0.35% | 31.66B |
| AP | 15.80 | +0.05 | +0.32% | 163.21M |
| AOS | 45.40 | -0.76 | -1.65% | 2.086B |
| AONE | 1.01 | -0.02 | -1.94% | 148.33M |
| AON | 47.39 | +0.04 | +0.08% | 15.41B |
| ASTE | 28.39 | -0.11 | -0.39% | 644.74M |
