American Science and Engineering (ASEI)
American Science and Engineering Tangible Common Equity Ratio: 79.67%
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ASEI Tangible Common Equity Ratio Rankings
| Overall | 10th percentile | 3917 of 4385 |
| Sector | 4th percentile | 811 of 852 in Services |
| Industry | 8th percentile | 11 of 12 in Security & Protection Services |
ASEI Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 66.81% | Dec 2008 |
| Maximum | 80.06% | Jun 2010 |
| Average | 74.79% |
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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ASEI News
May 15, 1:12PM Street Insider
about 12 days ago by TradeBot
about 13 days ago by godspeed
about 13 days ago by godspeed
about 13 days ago by bradloncar
May 14, 4:25PM Street Insider
about 13 days ago by Benzinga
May 14, 4:03PM Street Insider
May 14, 4:00PM Street Insider
May 11, 3:24PM Street Insider
May 11, 8:10AM Street Insider
May 07, 10:37AM Business Wire
May 02, 3:59AM Benzinga
Mar 19, 1:00AM Business Wire
Feb 21, 10:52AM Business Wire
about 107 days ago by DynamicDividend
about 108 days ago by earningscast
Feb 09, 4:07PM Street Insider
Jan 31, 10:31AM Business Wire
about 202 days ago by DynamicDividend
about 202 days ago by abubnic
about 202 days ago by abubnic
about 297 days ago by Street_Insider
about 297 days ago by Benzinga
about 336 days ago by ShawnRobinson
about 551 days ago by num8er_
about 565 days ago by OptionsHawk
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ASEI | 49.46 | +1.29 | +2.68% | 441.18M |
| APOG | 14.97 | -0.02 | -0.13% | 419.46M |
| APL | 31.77 | +0.17 | +0.54% | 1.704B |
| APKT | 23.24 | +0.28 | +1.22% | 1.584B |
| API | 0.657 | +0.02 | +2.66% | 20.35M |
| APH | 53.22 | -0.04 | -0.08% | 8.692B |
| APFC | 8.42 | +0.12 | +1.45% | 64.08M |
| APF | 12.92 | -0.08 | -0.62% | |
| APEI | 29.01 | +0.69 | +2.44% | 518.99M |
| APD | 79.94 | -0.51 | -0.63% | 16.84B |