Beacon Roofing Supply (BECN)
Beacon Roofing Supply Tangible Common Equity Ratio: 21.08%
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BECN Tangible Common Equity Ratio Rankings
| Overall | 64th percentile | 1538 of 4385 |
| Sector | 63rd percentile | 313 of 852 in Services |
| Industry | 0th percentile | 3 of 3 in Building Materials Wholesale |
BECN Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -6.78% | Mar 2008 |
| Maximum | 21.91% | Dec 2011 |
| Average | 8.44% |
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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BECN News
May 17, 4:32PM Benzinga
about 12 days ago by MarketBrief
about 13 days ago by MarketBrief
about 18 days ago by TradeBot
about 18 days ago by earningscast
May 09, 5:58PM Street Insider
Apr 30, 4:02PM Business Wire
Apr 18, 3:39PM Business Wire
about 61 days ago by DarvasTrader
about 75 days ago by howardlindzon
about 75 days ago by secretbonus
about 79 days ago by tickertutor
about 79 days ago by tickertutor
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| BECN | 24.38 | -0.86 | -3.41% | 1.131B |
| BEBE | 6.35 | +0.20 | +3.25% | 534.86M |
| BEAM | 57.99 | +0.45 | +0.78% | 9.118B |
| BDX | 74.42 | -0.30 | -0.40% | 15.64B |
| BDSI | 3.94 | -0.14 | -3.43% | 116.55M |
| BDR | 1.00 | +0.00 | +0.00% | 6.21M |
| BDN | 11.29 | -0.07 | -0.62% | 1.611B |
| BPFH | 8.99 | +0.02 | +0.22% | 702.48M |
| BPAX | 0.5183 | -0.00 | -0.25% | 62.63M |
| BP | 38.36 | +0.13 | +0.34% | 121.32B |
