Ebix (EBIX)
Ebix Tangible Common Equity Ratio: 2.07%
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EBIX Tangible Common Equity Ratio Rankings
| Overall | 85th percentile | 650 of 4385 |
| Sector | 83rd percentile | 131 of 814 in Technology |
| Industry | 71st percentile | 16 of 57 in Business Software & Services |
EBIX Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -130.2% | Dec 2008 |
| Maximum | 63.63% | Sep 2007 |
| Average | -29.24% |
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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EBIX News
about 12 days ago by CatalystIR
May 11, 7:30AM GlobeNewswire
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about 25 days ago by DynamicDividend
May 04, 7:30AM GlobeNewswire
about 29 days ago by theQu4nt
about 29 days ago by theQu4nt
Apr 02, 7:00AM GlobeNewswire
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about 68 days ago by silverjet2
about 69 days ago by oa92000
about 69 days ago by StockTwits
Mar 19, 2:23PM Seeking Alpha
about 71 days ago by silverjet2
about 75 days ago by silverjet2
about 75 days ago by CollinsIR
about 76 days ago by WallStreetBean
about 76 days ago by silverjet2
about 77 days ago by earningscast
about 77 days ago by Shines_Trading_Room
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about 77 days ago by 1973Hog
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| EBIX | 17.93 | -0.04 | -0.22% | 653.37M |
| EPB | 33.20 | +0.83 | +2.56% | 6.829B |
| EPAY | 18.00 | -0.30 | -1.64% | 652.14M |
| EPAX | 5.12 | -0.01 | -0.19% | 90.06M |
| EP | 28.75 | +0.00 | +0.00% | 22.22B |
| EOS | 10.37 | +0.00 | +0.00% | |
| EONC | 1.11 | +0.00 | +0.00% | 3.186M |
| EOI | 10.40 | +0.00 | +0.00% | |
| EOG | 101.75 | +0.96 | +0.95% | 27.38B |
| EOC | 47.89 | +0.13 | +0.27% | 13.09B |
