Computer Task Group (CTGX)
Computer Task Group Tangible Common Equity Ratio: 52.12%
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CTGX Tangible Common Equity Ratio Rankings
| Overall | 34th percentile | 2885 of 4385 |
| Sector | 50th percentile | 403 of 814 in Technology |
| Industry | 46th percentile | 15 of 28 in Information Technology Services |
CTGX Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 35.53% | Jun 2007 |
| Maximum | 52.12% | Mar 2012 |
| Average | 43.34% |
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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CTGX News
May 16, 11:52AM PR Newswire
Apr 24, 5:01PM Seeking Alpha
about 46 days ago by MarketBrief
about 47 days ago by MarketBrief
about 48 days ago by MarketBrief
Apr 10, 11:15AM PR Newswire
about 49 days ago by MarketBrief
about 50 days ago by MarketBrief
about 52 days ago by MarketBrief
about 53 days ago by MarketBrief
about 54 days ago by MarketBrief
Mar 27, 10:50AM PR Newswire
Mar 22, 12:45PM PR Newswire
Feb 24, 1:13PM Business Wire
Feb 22, 8:09AM Benzinga
Feb 21, 2:55PM Seeking Alpha
about 97 days ago by earningscast
Feb 21, 7:58AM Street Insider
Feb 07, 10:50AM PR Newswire
Jan 17, 3:52PM Seeking Alpha
Jan 10, 11:15AM PR Newswire
Nov 02, 12:30PM PR Newswire
about 268 days ago by MOFinancial
about 1056 days ago by BGthree
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CTGX | 12.45 | +0.16 | +1.30% | 230.70M |
| CTFO | 4.55 | -0.09 | -1.94% | 114.98M |
| CTEL | 10.58 | -0.19 | -1.76% | 408.92M |
| CTCT | 20.58 | +0.12 | +0.59% | 622.13M |
| CTCM | 9.35 | -0.10 | -1.06% | 1.471B |
| CTB | 15.21 | -0.25 | -1.62% | 947.58M |
| CTAS | 37.31 | -0.41 | -1.09% | 4.840B |
| CSU | 9.67 | +0.12 | +1.26% | 272.11M |
| CSTR | 60.66 | +1.26 | +2.12% | 1.877B |
| CSS | 19.03 | -0.01 | -0.05% | 185.16M |
