Arden Group (ARDNA)
Arden Group Tangible Common Equity Ratio: 68.20%
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ARDNA Tangible Common Equity Ratio Rankings
| Overall | 19th percentile | 3508 of 4385 |
| Sector | 13th percentile | 733 of 852 in Services |
| Industry | 6th percentile | 14 of 15 in Grocery Stores |
ARDNA Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 51.26% | Dec 2008 |
| Maximum | 70.13% | Jun 2008 |
| Average | 63.21% |
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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ARDNA News
about 31 days ago by MarketBrief
Mar 12, 5:37PM Street Insider
Feb 17, 9:00AM Marketwire
Nov 15, 1:25PM Street Insider
Aug 15, 12:05PM Street Insider
about 719 days ago by AlephBlog
about 719 days ago by EddyElfenbein
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ARDNA | 81.80 | +0.80 | +0.99% | 251.13M |
| ANV | 27.47 | -0.20 | -0.72% | 2.463B |
| ANTP | 2.460 | -0.00 | -0.04% | 5.880M |
| ANTH | 1.85 | -0.06 | -3.14% | 75.83M |
| ANSS | 62.09 | +0.40 | +0.65% | 5.761B |
| ANR | 11.17 | +0.00 | +0.00% | 2.458B |
| 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 |
