CLARCOR (CLC)
CLARCOR Tangible Common Equity Ratio: 66.31%
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CLC Tangible Common Equity Ratio Rankings
| Overall | 21st percentile | 3439 of 4385 |
| Sector | 15th percentile | 268 of 317 in Industrial Goods |
| Industry | 12th percentile | 47 of 54 in Diversified Machinery |
CLC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 45.01% | Feb 2008 |
| Maximum | 67.32% | Nov 2007 |
| Average | 58.29% |
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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CLC News
May 11, 6:59AM Street Insider
about 67 days ago by TradeIdeasQuant
Mar 07, 11:19AM Business Wire
about 100 days ago by MarketBrief
about 118 days ago by MarketBrief
about 123 days ago by MarketBrief
about 124 days ago by MarketBrief
about 125 days ago by MarketBrief
Jan 04, 11:23AM Business Wire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CLC | 49.40 | -0.34 | -0.68% | 2.483B |
| CL | 98.80 | -0.33 | -0.33% | 47.38B |
| CGEN | 3.80 | -0.25 | -6.17% | 131.90M |
| CGA | 3.37 | +0.04 | +1.20% | 90.79M |
| CFR | 57.51 | +0.00 | +0.00% | 3.525B |
| CFP | 5.43 | +0.01 | +0.18% | |
| CFNL | 11.54 | -0.06 | -0.52% | 336.97M |
| BZF | 18.83 | +0.33 | +1.78% | |
| BZ | 6.99 | -0.07 | -0.99% | 702.29M |
| BYM | 15.39 | -0.01 | -0.06% |
