Camden National Corporation (CAC)
Camden National Corporation Tangible Common Equity Ratio: 7.80%
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CAC Tangible Common Equity Ratio Rankings
| Overall | 78th percentile | 938 of 4385 |
| Sector | 72nd percentile | 238 of 871 in Financial |
| Industry | 49th percentile | 34 of 67 in Regional - Northeast Banks |
CAC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 4.95% | Sep 2008 |
| Maximum | 7.80% | Mar 2012 |
| Average | 6.51% |
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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CAC News
about 7 days ago by HighGrowthFinancial
about 13 days ago by adatherton
May 14, 2:30AM PR Newswire
about 19 days ago by Doctor_S
about 20 days ago by howardlindzon
about 28 days ago by elliottwave
Apr 24, 11:46AM PR Newswire
about 34 days ago by elliottwave
about 39 days ago by traderclubtirol
about 39 days ago by adatherton
about 40 days ago by HighGrowthFinancial
about 40 days ago by tsquare
about 41 days ago by traderclubtirol
about 41 days ago by traderclubtirol
Apr 16, 9:44AM PR Newswire
Apr 06, 12:31PM PR Newswire
Dec 20, 2:00PM Street Insider
Nov 29, 2:00PM Street Insider
Oct 25, 3:47PM PR Newswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CAC | 32.21 | +0.56 | +1.77% | 247.05M |
| CAAS | 3.82 | -0.03 | -0.78% | 107.95M |
| CA | 25.12 | -0.04 | -0.16% | 12.20B |
| C | 26.47 | -0.19 | -0.71% | 77.58B |
| BZQ | 85.43 | -3.42 | -3.85% | |
| BZH | 2.64 | +0.00 | +0.00% | 201.67M |
| BTFG | 1.90 | -0.05 | -2.56% | 34.10M |
| BTF | 15.95 | -0.02 | -0.13% | |
| BTE | 46.60 | +0.55 | +1.19% | 5.534B |
| BTAL | 23.50 | -0.07 | -0.30% |
