The Cheesecake Factory (CAKE)
The Cheesecake Factory Tangible Common Equity Ratio: 52.93%
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CAKE Tangible Common Equity Ratio Rankings
| Overall | 33rd percentile | 2922 of 4385 |
| Sector | 28th percentile | 607 of 852 in Services |
| Industry | 29th percentile | 33 of 47 in Restaurants |
CAKE Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 39.39% | Dec 2008 |
| Maximum | 56.50% | Dec 2010 |
| Average | 49.78% |
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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CAKE News
about 4 days ago by chessNwine
May 11, 7:50AM Street Insider
about 24 days ago by MarketBrief
about 25 days ago by austrader
May 01, 4:15PM Business Wire
about 27 days ago by britepathos
Apr 26, 8:34AM Street Insider
Apr 25, 10:30PM Seeking Alpha
about 32 days ago by Street_Insider
about 32 days ago by earningscast
Apr 25, 4:15PM Business Wire
about 45 days ago by Layney
Apr 11, 4:15PM Business Wire
Mar 19, 8:11AM Business Wire
about 70 days ago by WallStJesus
about 70 days ago by MarketBrief
about 72 days ago by MarketBrief
about 73 days ago by MarketBrief
about 74 days ago by MarketBrief
about 87 days ago by harmongreg
about 93 days ago by missingstep
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CAKE | 32.34 | -0.06 | -0.19% | 1.767B |
| CAJ | 40.39 | +0.65 | +1.64% | 48.53B |
| CAH | 41.67 | +0.20 | +0.48% | 14.40B |
| CAG | 25.25 | -0.01 | -0.04% | 10.42B |
| CAFI | 2.05 | -0.05 | -2.38% | 14.78M |
| CAF | 19.41 | -0.27 | -1.37% | |
| CAE | 9.85 | -0.02 | -0.20% | 2.541B |
| CADX | 2.72 | -0.08 | -2.86% | 232.61M |
| CADC | 1.68 | +0.00 | +0.00% | 29.94M |
| CACI | 43.65 | -0.27 | -0.61% | 1.156B |
