BlueLinx (BXC)
BlueLinx Tangible Common Equity Ratio: -0.37%
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BXC Tangible Common Equity Ratio Rankings
| Overall | 86th percentile | 611 of 4385 |
| Sector | 76th percentile | 197 of 852 in Services |
| Industry | 66th percentile | 1 of 3 in Building Materials Wholesale |
BXC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -3.05% | Jun 2011 |
| Maximum | 18.51% | Sep 2008 |
| Average | 8.30% |
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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BXC News
about 77 days ago by bradloncar
Feb 15, 11:38AM Seeking Alpha
Feb 15, 8:45AM Street Insider
Feb 13, 7:01AM Benzinga
Nov 03, 7:46AM FlyOnTheWall
about 263 days ago by divtastic
about 298 days ago by Benzinga
about 301 days ago by Ubek_TipTrades
about 587 days ago by annveena
about 613 days ago by annveena
about 651 days ago by annveena
about 676 days ago by annveena
about 676 days ago by Street_Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| BXC | 2.51 | -0.09 | -3.46% | 159.96M |
| BRK.B | 79.25 | -0.55 | -0.69% | 196.25B |
| BRK.A | 119500 | -717.00 | -0.60% | 197.18B |
| BRIL | 18.80 | +0.39 | +2.12% | |
| BRFS | 16.09 | +0.26 | +1.64% | 13.99B |
| BRF | 36.45 | +0.99 | +2.79% | |
| BRE | 50.04 | -0.39 | -0.77% | 3.861B |
| BRCM | 31.68 | +0.53 | +1.70% | 17.27B |
| BRCD | 4.76 | +0.03 | +0.63% | 2.183B |
| BRC | 27.38 | -0.06 | -0.22% | 1.437B |
