Century Casinos (CNTY)
Century Casinos Tangible Common Equity Ratio: 84.25%
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CNTY Tangible Common Equity Ratio Rankings
| Overall | 7th percentile | 4064 of 4385 |
| Sector | 3rd percentile | 826 of 852 in Services |
| Industry | 4th percentile | 21 of 22 in Resorts & Casinos |
CNTY Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 49.19% | Jun 2007 |
| Maximum | 84.25% | Mar 2012 |
| Average | 69.85% |
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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CNTY News
about 13 days ago by RecogniaEvents
about 13 days ago by RecogniaEvents
about 28 days ago by ATandon_STE
Apr 27, 10:30AM PR Newswire
about 56 days ago by ATandon_STE
about 56 days ago by MarketBrief
about 198 days ago by slvrserfr
Sep 20, 6:30PM PR Newswire
Aug 04, 10:00AM PR Newswire
about 342 days ago by TradeHawk
about 417 days ago by ThermoValuation
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CNTY | 2.95 | -0.05 | -1.67% | 70.45M |
| CNTF | 1.01 | +0.03 | +3.05% | 53.46M |
| CNSL | 14.14 | +0.19 | +1.36% | 422.36M |
| CMRE | 13.56 | +0.25 | +1.88% | 817.67M |
| CMP | 72.79 | -0.77 | -1.05% | 2.404B |
| CMO | 13.77 | +0.01 | +0.07% | 1.244B |
| CMN | 22.20 | -0.18 | -0.80% | 597.62M |
| CMM | 4.20 | -0.14 | -3.23% | 10.04M |
| CMLS | 2.83 | +0.02 | +0.71% | 429.06M |
| CMLP | 25.57 | +0.25 | +0.99% | 934.33M |