Career Education Corporation (CECO)
Career Education Corporation Tangible Common Equity Ratio: 52.45%
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CECO Tangible Common Equity Ratio Rankings
| Overall | 33rd percentile | 2903 of 4385 |
| Sector | 29th percentile | 603 of 852 in Services |
| Industry | 32nd percentile | 21 of 31 in Education & Training Services |
CECO Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 35.08% | Mar 2010 |
| Maximum | 53.32% | Jun 2008 |
| Average | 45.77% |
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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CECO News
about a day ago by ACInvestorBlog
May 25, 1:42PM Street Insider
about 3 days ago by TradeIdeasQuant
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about 3 days ago by ACInvestorBlog
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about 7 days ago by ACInvestorBlog
about 11 days ago by MarketBrief
May 14, 2:57PM Street Insider
about 14 days ago by Stop_Hunter
about 14 days ago by ldrogen
May 14, 11:13AM Street Insider
May 11, 5:02PM Seeking Alpha
about 17 days ago by PAAResearch
about 17 days ago by TradeIdeasQuant
May 11, 8:28AM Street Insider
May 09, 5:58PM Street Insider
May 02, 8:25AM Marketwire
May 01, 4:30PM Business Wire
May 01, 7:53AM Street Insider
Apr 30, 6:49PM Business Wire
Apr 06, 2:21PM Business Wire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CECO | 7.03 | +0.72 | +11.41% | 474.81M |
| CECE | 7.15 | +0.11 | +1.56% | 103.82M |
| CEC | 35.78 | -0.22 | -0.61% | 646.90M |
| CEBK | 30.50 | +0.00 | +0.00% | 51.24M |
| CEA | 14.45 | -0.10 | -0.69% | 2.769B |
| COGO | 1.89 | +0.02 | +1.07% | |
| COG | 34.77 | -0.30 | -0.86% | 7.282B |
| COF | 51.13 | -0.59 | -1.14% | 29.66B |
| CODI | 13.12 | -0.03 | -0.23% | 633.70M |
| CODE | 10.81 | -0.07 | -0.64% | 647.74M |