Bel Fuse (BELFA)
Bel Fuse Tangible Common Equity Ratio: 78.11%
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BELFA Tangible Common Equity Ratio Rankings
| Overall | 11th percentile | 3872 of 4385 |
| Sector | 21st percentile | 641 of 814 in Technology |
| Industry | 27th percentile | 35 of 48 in Diversified Electronics |
BELFA Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 77.14% | Jun 2011 |
| Maximum | 86.16% | Mar 2009 |
| Average | 81.01% |
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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BELFA News
May 18, 8:30AM Business Wire
Apr 18, 8:30AM GlobeNewswire
Mar 20, 7:30AM Business Wire
Feb 14, 12:30PM Business Wire
Jan 30, 8:00AM Business Wire
Jan 27, 4:00PM GlobeNewswire
Jan 04, 7:30AM Business Wire
Dec 16, 11:30AM Business Wire
Nov 03, 7:30AM Business Wire
Aug 24, 9:34AM FlyOnTheWall
Aug 02, 7:30AM Business Wire
Jul 21, 7:30AM GlobeNewswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| BELFA | 17.70 | -0.68 | -3.70% | 209.04M |
| BEE | 6.16 | -0.02 | -0.32% | 1.145B |
| 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 |
