BlackRock Kelso Capital Corporation (BKCC)
BlackRock Kelso Capital Corporation Tangible Common Equity Ratio: 62.41%
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BKCC Tangible Common Equity Ratio Rankings
| Overall | 25th percentile | 3279 of 4385 |
| Sector | 9th percentile | 791 of 871 in Financial |
| Industry | 40th percentile | 33 of 55 in Asset Management |
BKCC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 52.82% | Dec 2008 |
| Maximum | 79.08% | Jun 2010 |
| Average | 63.60% |
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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BKCC News
about 20 days ago by JeffReevesIP
about 24 days ago by earningscast
May 03, 8:54AM Street Insider
Apr 05, 4:00PM Business Wire
about 87 days ago by earningscast
Mar 01, 8:02AM Street Insider
Feb 07, 4:00PM Business Wire
about 216 days ago by Campagnatrading
about 293 days ago by txbondman
about 362 days ago by Bullogic
about 392 days ago by StockTiger
about 426 days ago by StockTiger
about 445 days ago by urahoho
about 446 days ago by DynamicDividend
about 468 days ago by SPEEROTHEKID
about 469 days ago by WorstTraderEver
about 501 days ago by upstate1
about 501 days ago by upstate1
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| BKCC | 9.28 | +0.00 | +0.00% | 681.43M |
| BKBK | 8.12 | +0.00 | +0.00% | 17.38M |
| AYR | 11.60 | +0.37 | +3.29% | 839.61M |
| AYI | 53.94 | +0.27 | +0.50% | 2.271B |
| AXU | 5.16 | +0.10 | +1.98% | 309.81M |
| AXTI | 3.81 | +0.00 | +0.00% | 123.14M |
| AXS | 33.70 | +0.08 | +0.24% | 4.375B |
| AXR | 6.98 | -0.07 | -0.99% | 41.88M |
| AXP | 55.81 | -0.53 | -0.94% | 65.20B |
| ATK | 49.81 | -0.08 | -0.16% | 1.644B |