Alon Holdings - Blue Square Israel (BSI)
Alon Holdings - Blue Square Israel Tangible Common Equity Ratio: 2.98%
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BSI Tangible Common Equity Ratio Rankings
| Overall | 84th percentile | 671 of 4385 |
| Sector | 75th percentile | 205 of 852 in Services |
| Industry | 80th percentile | 2 of 10 in Department Stores |
BSI Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 1.37% | Mar 2011 |
| Maximum | 32.61% | Jun 2007 |
| Average | 16.95% |
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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BSI News
about 20 days ago by JeffReevesIP
May 01, 7:38AM PR Newswire
Apr 04, 11:34AM PR Newswire
Jan 24, 1:00PM PR Newswire
Jul 19, 8:57AM PR Newswire
May 25, 6:38AM PR Newswire
Mar 24, 7:10AM PR Newswire
Mar 13, 1:08PM PR Newswire
about 742 days ago by LeakTheNews
about 742 days ago by Street_Insider
about 924 days ago by owendbanks
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| BSI | 2.555 | +0.01 | +0.59% | 168.60M |
| CB | 71.75 | -0.35 | -0.49% | 19.40B |
| CAW | 4.06 | +0.06 | +1.50% | 28.62M |
| CAVM | 23.77 | -0.09 | -0.38% | 1.174B |
| CATY | 16.68 | -0.18 | -1.07% | 1.312B |
| CATO | 29.33 | +0.53 | +1.84% | 804.23M |
| CATM | 28.16 | -0.26 | -0.91% | 1.240B |
| CAT | 89.94 | -1.48 | -1.62% | 58.24B |
| CASY | 57.19 | +0.75 | +1.33% | 2.177B |
| CAST | 4.24 | +0.00 | +0.00% | 207.72M |
