Deerfield Capital (DFR)
Deerfield Capital Tangible Common Equity Ratio: 3.70%
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DFR Tangible Common Equity Ratio Rankings
| Overall | 84th percentile | 693 of 4385 |
| Sector | 91st percentile | 73 of 871 in Financial |
| Industry | 89th percentile | 6 of 55 in Asset Management |
DFR Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -11.43% | Dec 2008 |
| Maximum | 8.48% | Jun 2010 |
| Average | 2.63% |
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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DFR News
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about 13 days ago by RecogniaEvents
Mar 29, 8:30AM PR Newswire
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about 390 days ago by TheFibDoctor
about 491 days ago by scottsinvestments
about 524 days ago by aniketbhati
about 524 days ago by Street_Insider
about 1021 days ago by LordBlankfiend
about 1027 days ago by tradesleuth
about 1112 days ago by BuyOnTheDip
about 1117 days ago by BuyOnTheDip
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| DFR | 6.92 | +0.33 | +5.01% | 140.13M |
| DFG | 45.53 | +0.00 | +0.00% | 2.513B |
| DFE | 33.70 | +0.08 | +0.24% | |
| DF | 14.97 | -0.10 | -0.66% | 2.762B |
| DEXO | 0.85 | -0.08 | -8.60% | 43.20M |
| DEW | 37.52 | -0.32 | -0.84% | |
| DB | 36.68 | +0.18 | +0.49% | 32.98B |
| DAVE | 10.42 | +0.07 | +0.68% | 79.30M |
| DATE | 3.72 | -0.07 | -1.85% | 116.29M |
| DARA | 0.8476 | -0.00 | -0.28% | 6.34M |
