Carriage Services (CSV)
Carriage Services Tangible Common Equity Ratio: -13.87%
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CSV Tangible Common Equity Ratio Rankings
| Overall | 89th percentile | 453 of 4385 |
| Sector | 82nd percentile | 152 of 852 in Services |
| Industry | 69th percentile | 4 of 13 in Personal Services |
CSV Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -15.54% | Mar 2009 |
| Maximum | -11.85% | Sep 2007 |
| Average | -13.42% |
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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CSV News
Apr 30, 4:24PM Street Insider
Apr 24, 7:30AM PR Newswire
about 67 days ago by bradloncar
Mar 13, 5:50PM PR Newswire
Feb 22, 4:18PM Street Insider
Feb 22, 4:15PM PR Newswire
Feb 21, 4:16PM Benzinga
Feb 21, 4:15PM PR Newswire
Feb 07, 7:30AM PR Newswire
about 116 days ago by DynamicDividend
Jan 25, 7:31AM Street Insider
Dec 13, 4:41PM theflyonthewall.com
Dec 13, 4:36PM Benzinga
about 189 days ago by MarketBrief
Nov 04, 7:38AM Benzinga
Nov 03, 4:57PM Street Insider
Nov 03, 4:33PM Street Insider
Nov 03, 4:31PM Benzinga
about 285 days ago by crazybobo
about 361 days ago by STNet
about 391 days ago by DynamicDividend
about 610 days ago by andrewunknown
about 808 days ago by ConfidentInvest
about 1131 days ago by twnstat
about 1133 days ago by twnstat
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CSV | 7.25 | +0.02 | +0.28% | 131.59M |
| CSUND | 1.20 | +0.03 | +2.56% | |
| CSUN | 1.20 | +0.03 | +2.56% | 17.82M |
| CSU | 9.67 | +0.12 | +1.26% | 272.11M |
| COBR | 4.45 | -0.15 | -3.26% | 29.41M |
| CO | 2.63 | -0.04 | -1.50% | 193.17M |
| CNYD | 0.92 | +0.04 | +4.55% | 17.99M |
| CNX | 29.59 | +0.02 | +0.07% | 6.733B |
| CNW | 33.65 | -0.29 | -0.85% | 1.877B |
| CNU | 6.45 | +0.00 | +0.00% |
