Ascent Media Corporation (ASCMA)
Ascent Media Corporation Tangible Common Equity Ratio: 16.69%
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ASCMA Tangible Common Equity Ratio Rankings
| Overall | 68th percentile | 1388 of 4385 |
| Sector | 66th percentile | 287 of 852 in Services |
| Industry | 9th percentile | 18 of 20 in CATV Systems |
ASCMA Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 15.32% | Dec 2010 |
| Maximum | 85.98% | Mar 2010 |
| Average | 57.49% |
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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ASCMA News
May 08, 4:05PM Business Wire
about 27 days ago by MarketBrief
Mar 26, 8:30AM Business Wire
Mar 16, 4:05PM Business Wire
Mar 01, 8:30AM Business Wire
Dec 08, 1:10PM Business Wire
about 331 days ago by mightythor
about 331 days ago by mightythor
about 331 days ago by mightythor
about 333 days ago by mightythor
May 26, 6:35PM Business Wire
about 509 days ago by GeoffGannon
about 524 days ago by Fallond_Picks
about 524 days ago by fallondpicks
about 524 days ago by TMTanalyst
about 538 days ago by TMTanalyst
about 540 days ago by hedgefundinvest
about 541 days ago by annveena
about 541 days ago by hedgefundinvest
about 541 days ago by TMTanalyst
about 541 days ago by annveena
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| 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 |
| ASA | 22.96 | +0.22 | +0.97% | |
| ARX | 6.54 | +0.01 | +0.15% | 554.72M |
| ARWRD | 4.120 | -0.05 | -1.20% | |
| ARWR | 4.120 | -0.05 | -1.20% | 43.38M |
| ARW | 34.34 | +0.02 | +0.06% | 3.838B |
| ARUN | 13.70 | -0.18 | -1.30% | 1.504B |
| ARTX | 0.88 | -0.11 | -11.11% | 13.70M |