Big Lots (BIG)
Big Lots Tangible Common Equity Ratio: 47.80%
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BIG Tangible Common Equity Ratio Rankings
| Overall | 38th percentile | 2695 of 4385 |
| Sector | 34th percentile | 555 of 852 in Services |
| Industry | 36th percentile | 7 of 11 in Discount, Variety Stores |
BIG Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 37.83% | Oct 2011 |
| Maximum | 60.15% | Jul 2007 |
| Average | 51.41% |
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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BIG News
about 13 hours ago by 1nvestor
May 24, 4:27PM Street Insider
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about 5 days ago by Sliver
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May 23, 9:22AM Street Insider
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about 20 days ago by Attitrade
about 24 days ago by MorpheusTrading
about 29 days ago by 1nvestor
Apr 26, 10:17AM Business Wire
Apr 24, 11:03AM Street Insider
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Apr 24, 7:30AM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| BIG | 37.30 | +1.55 | +4.34% | 2.469B |
| BIF | 5.73 | +0.01 | +0.17% | |
| BIDZ | 0.76 | +0.01 | +0.66% | 13.97M |
| BDN | 11.29 | -0.07 | -0.62% | 1.611B |
| BDMS | 16.95 | -0.04 | -0.23% | 31.19M |
| BDL | 7.30 | +0.11 | +1.53% | 13.58M |
| BDJ | 7.16 | +0.02 | +0.28% | |
| BDGE | 19.78 | +0.00 | +0.00% | 167.54M |
| BDE | 9.14 | +0.09 | +0.99% | 280.42M |
| BDC | 31.81 | -0.81 | -2.48% | 1.462B |
