Michael Baker Corporation (BKR)
Michael Baker Corporation Tangible Common Equity Ratio: 43.65%
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BKR Tangible Common Equity Ratio Rankings
| Overall | 42nd percentile | 2515 of 4385 |
| Sector | 39th percentile | 514 of 852 in Services |
| Industry | 26th percentile | 17 of 23 in Management Services |
BKR Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 36.62% | Jun 2007 |
| Maximum | 61.69% | Mar 2010 |
| Average | 47.68% |
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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BKR News
May 17, 11:24AM Business Wire
May 16, 1:27PM Business Wire
about 20 days ago by earningscast
May 01, 10:59AM Business Wire
Apr 26, 10:53AM Business Wire
Apr 23, 11:38AM Business Wire
Apr 19, 4:16PM Business Wire
Apr 18, 1:44PM Business Wire
Apr 12, 1:24PM Business Wire
Apr 11, 11:27AM Business Wire
Apr 09, 10:42AM Business Wire
about 58 days ago by RecogniaEvents
Mar 23, 1:14PM Business Wire
Mar 20, 4:05PM Business Wire
about 76 days ago by earningscast
Mar 05, 11:51AM Business Wire
Mar 01, 10:45AM Business Wire
Feb 29, 2:09PM Business Wire
about 734 days ago by LeakTheNews
about 798 days ago by NirDavidov
about 892 days ago by BHSMITH
about 1059 days ago by rgdaytrader
about 1208 days ago by JosephAllenIR
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| BKR | 22.63 | +0.01 | +0.04% | 215.89M |
| BKOR | 5.00 | +0.00 | +0.00% | 9.05M |
| BKN | 15.99 | +0.03 | +0.19% | |
| BKMU | 3.52 | +0.00 | +0.00% | 163.08M |
| BKK | 16.22 | +0.00 | +0.00% | |
| BKI | 27.77 | -0.07 | -0.25% | 1.092B |
| BKH | 31.73 | +0.01 | +0.03% | 1.399B |
| BKF | 34.65 | +0.16 | +0.46% | |
| BIOD | 0.76 | +0.01 | +1.47% | 29.42M |
| BIOB | 107.27 | +0.67 | +0.63% | 3.053B |
