eFuture Information Technology (EFUT)
eFuture Information Technology Tangible Common Equity Ratio: 19.92%
View EFUT Tangible Common Equity Ratio with YCharts Pro.
Access these YCharts Pro features:
Export any data you want
Save any chart as an image
Utilize advanced screener power
View 30 years of financial history
over 90 advanced calculations
Enjoy an advertising free experience
EFUT Tangible Common Equity Ratio Rankings
| Overall | 65th percentile | 1496 of 4385 |
| Sector | 77th percentile | 184 of 814 in Technology |
| Industry | 69th percentile | 25 of 83 in Application Software |
EFUT Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -31.97% | Sep 2009 |
| Maximum | 65.39% | Mar 2010 |
| Average | 14.53% |
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.
Learn More
You may also be interested in these EFUT related companies
EFUT News
May 25, 3:42PM Street Insider
about 8 days ago by super_trades
about 19 days ago by RecogniaEvents
Mar 12, 4:50PM Street Insider
Mar 12, 4:30PM GlobeNewswire
Mar 01, 8:00AM GlobeNewswire
Dec 22, 8:07AM Street Insider
Dec 22, 8:00AM GlobeNewswire
Nov 14, 4:33PM Street Insider
Oct 31, 8:30AM GlobeNewswire
Oct 19, 8:00AM GlobeNewswire
Oct 14, 8:04AM FlyOnTheWall
Oct 14, 8:00AM GlobeNewswire
Aug 22, 5:05PM Street Insider
Aug 11, 6:00AM GlobeNewswire
Jul 08, 10:22AM FlyOnTheWall
Jul 08, 9:20AM GlobeNewswire
Jul 08, 8:35AM GlobeNewswire
about 543 days ago by RasputinsLiver
about 545 days ago by RasputinsLiver
about 792 days ago by finkfinance
about 983 days ago by tradesleuth
about 984 days ago by TradeHawk
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| EFUT | 4.80 | +0.45 | +10.34% | 19.10M |
| EFU | 26.18 | +0.08 | +0.31% | |
| EFSC | 11.07 | +0.09 | +0.82% | 196.49M |
| EFR | 15.26 | -0.05 | -0.33% | |
| EFII | 15.44 | -0.12 | -0.77% | 709.62M |
| DY | 20.67 | -0.03 | -0.14% | 693.07M |
| DXYN | 3.75 | +0.08 | +2.18% | 48.41M |
| DXR | 8.95 | -0.10 | -1.10% | 37.68M |
| DXPE | 47.71 | +0.87 | +1.86% | 674.14M |
| DXCM | 10.79 | +0.30 | +2.86% | 729.73M |