Asta Funding (ASFI)
Asta Funding Tangible Common Equity Ratio: 71.91%
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ASFI Tangible Common Equity Ratio Rankings
| Overall | 16th percentile | 3651 of 4385 |
| Sector | 10th percentile | 762 of 852 in Services |
| Industry | 14th percentile | 78 of 91 in Business Services |
ASFI Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 38.25% | Jun 2007 |
| Maximum | 71.91% | Mar 2012 |
| Average | 57.54% |
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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ASFI News
May 09, 8:00AM GlobeNewswire
May 04, 4:06PM GlobeNewswire
Mar 13, 4:36PM Street Insider
Mar 13, 4:31PM GlobeNewswire
Mar 09, 4:35PM GlobeNewswire
about 100 days ago by MarketBrief
about 137 days ago by covestor
about 143 days ago by valuewalk
Jan 04, 8:00AM GlobeNewswire
Jan 03, 8:00AM GlobeNewswire
Dec 14, 8:00AM GlobeNewswire
Dec 09, 3:12PM GlobeNewswire
Aug 04, 8:00AM GlobeNewswire
Jul 28, 5:30PM GlobeNewswire
about 330 days ago by DynamicDividend
about 362 days ago by covestor
about 740 days ago by JoshuaHayes
about 1148 days ago by JosephAllenIR
about 1445 days ago by whatthetrading
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ASFI | 8.96 | +0.08 | +0.90% | 131.17M |
| 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 |
