Meta Financial Group (CASH)
Meta Financial Group Tangible Common Equity Ratio: 5.36%
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CASH Tangible Common Equity Ratio Rankings
| Overall | 82nd percentile | 763 of 4385 |
| Sector | 87th percentile | 110 of 871 in Financial |
| Industry | 86th percentile | 10 of 75 in Savings & Loans |
CASH Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 4.82% | Dec 2009 |
| Maximum | 7.14% | Jun 2011 |
| Average | 6.06% |
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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CASH News
about 7 days ago by CapitalistBull
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about 17 days ago by savant111
May 10, 8:00AM PR Newswire
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about 38 days ago by ActiveInvestor
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about 39 days ago by ActiveInvestor
about 46 days ago by nycspeeder
about 53 days ago by highrolla
Feb 28, 8:02AM Street Insider
Feb 14, 8:00AM PR Newswire
Dec 19, 4:05PM PR Newswire
Nov 30, 8:14AM Street Insider
Nov 08, 7:51PM Business Wire
Aug 23, 8:01AM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CASH | 20.50 | -0.14 | -0.68% | 65.40M |
| CASC | 49.03 | +0.73 | +1.51% | 543.25M |
| CASB | 0.4455 | +0.00 | +0.00% | |
| BVN | 38.71 | +0.22 | +0.57% | 9.849B |
| BUSE | 4.65 | -0.07 | -1.48% | 402.78M |
| BUR | 7.00 | -0.05 | -0.71% | |
| BUD | 68.28 | -0.34 | -0.50% | 109.66B |
| BTZ | 13.16 | +0.02 | +0.15% | |
| BTX | 4.21 | -0.05 | -1.17% | 211.85M |
| BTUI | 2.90 | +0.00 | +0.00% | 27.55M |