BGC Partners (BGCP)
BGC Partners Tangible Common Equity Ratio: 15.62%
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BGCP Tangible Common Equity Ratio Rankings
| Overall | 69th percentile | 1342 of 4385 |
| Sector | 41st percentile | 506 of 871 in Financial |
| Industry | 22nd percentile | 14 of 18 in Investment Brokerage - National |
BGCP Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 7.06% | Sep 2008 |
| Maximum | 83.79% | Jun 2007 |
| Average | 26.14% |
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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BGCP News
about 3 days ago by bgcpartners
about 3 days ago by bgcpartners
May 16, 7:00AM PR Newswire
May 16, 7:00AM PR Newswire
about 20 days ago by JeffReevesIP
about 25 days ago by earningscast
about 25 days ago by bgcpartners
about 37 days ago by bgcpartners
Apr 13, 6:38PM PR Newswire
Apr 09, 1:00PM PR Newswire
about 56 days ago by jamiemc101
about 76 days ago by bgcpartners
about 80 days ago by joshua101
about 83 days ago by itsneverluck
about 87 days ago by baumusc
about 94 days ago by earningscast
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| BGCP | 6.21 | +0.02 | +0.32% | 861.14M |
| BGC | 29.51 | +0.07 | +0.24% | 1.468B |
| BG | 61.06 | +0.57 | +0.94% | 8.896B |
| BEST | 0.2665 | +0.01 | +2.62% | 7.339M |
| BERK | 7.68 | -0.25 | -3.15% | 110.90M |
| BEN | 106.79 | -1.21 | -1.12% | 23.06B |
| BELFB | 16.77 | -0.31 | -1.81% | 36.39M |
| 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 |
