CompX International (CIX)
CompX International Tangible Common Equity Ratio: 48.41%
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CIX Tangible Common Equity Ratio Rankings
| Overall | 37th percentile | 2723 of 4385 |
| Sector | 34th percentile | 208 of 317 in Industrial Goods |
| Industry | 12th percentile | 7 of 8 in Machine Tools & Accessories |
CIX Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 39.62% | Sep 2011 |
| Maximum | 75.05% | Sep 2007 |
| Average | 46.30% |
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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CIX News
about 27 days ago by RecogniaEvents
about 32 days ago by MarketBrief
Jan 04, 4:04AM Benzinga
May 25, 5:30PM PR Newswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CIX | 13.07 | +0.07 | +0.54% | 161.94M |
| CITZ | 5.38 | +0.06 | +1.13% | 58.75M |
| CIT | 34.79 | -0.37 | -1.05% | 6.986B |
| CISG | 7.00 | -0.07 | -0.99% | 353.85M |
| CIS | 1.99 | -0.14 | -6.57% | 88.36M |
| CINF | 35.66 | +0.02 | +0.06% | 5.789B |
| CIMT | 4.314 | +0.00 | +0.04% | 42.76M |
| CIM | 2.82 | +0.03 | +1.08% | 2.897B |
| CII | 12.76 | +0.01 | +0.08% | |
| CIGX | 3.98 | +0.00 | +0.00% | 579.69M |
