Employers (EIG)
Employers Tangible Common Equity Ratio: 12.09%
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EIG Tangible Common Equity Ratio Rankings
| Overall | 72nd percentile | 1216 of 4385 |
| Sector | 49th percentile | 443 of 871 in Financial |
| Industry | 91st percentile | 7 of 80 in Property & Casualty Insurance |
EIG Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 10.35% | Dec 2008 |
| Maximum | 13.55% | Sep 2010 |
| Average | 12.23% |
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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EIG News
May 16, 2:04PM Business Wire
about 18 days ago by DynamicDividend
May 09, 6:42PM Business Wire
about 20 days ago by earningscast
May 08, 4:45PM Business Wire
about 32 days ago by RecogniaEvents
Apr 18, 6:34PM Business Wire
Apr 02, 9:30AM Business Wire
Mar 14, 10:00AM Business Wire
Mar 14, 10:00AM Business Wire
about 88 days ago by secretbonus
Feb 29, 6:31PM Business Wire
about 89 days ago by earningscast
Feb 29, 6:27AM Business Wire
Feb 28, 2:29PM Business Wire
about 90 days ago by earningscast
Feb 28, 10:28AM Business Wire
Feb 27, 4:47PM Street Insider
Feb 27, 4:45PM Business Wire
Feb 07, 11:00AM Business Wire
Jan 25, 9:00AM Business Wire
Jan 19, 9:00AM Business Wire
Dec 14, 8:30AM Business Wire
Dec 07, 11:00AM Business Wire
Nov 21, 2:26PM Business Wire
Nov 18, 3:12PM Business Wire
about 299 days ago by Benzinga
about 386 days ago by jimvanmeerten
about 451 days ago by jimvanmeerten
about 691 days ago by AlephBlog
about 824 days ago by specialsin
about 826 days ago by specialsin
about 830 days ago by LaMonicaBuzz
about 908 days ago by rfurlan
about 972 days ago by rfurlan
about 1107 days ago by fooltoby
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| EIG | 17.31 | -0.09 | -0.52% | 564.31M |
| EIDO | 26.78 | -1.68 | -5.90% | |
| EIA | 12.99 | +0.14 | +1.09% | |
| EHTH | 16.57 | -0.17 | -1.02% | 322.78M |
| EHI | 12.95 | -0.01 | -0.08% | |
| EGY | 8.04 | -0.03 | -0.37% | 459.24M |
| EGT | 0.90 | +0.05 | +5.88% | 106.96M |
| EGRW | 47.51 | +0.00 | +0.00% | |
| EGP | 49.25 | -0.76 | -1.52% | 1.372B |
| EGOV | 10.99 | +0.05 | +0.46% | 717.65M |