Ever-Glory International Group (EVK)
Ever-Glory International Group Tangible Common Equity Ratio: 35.87%
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EVK Tangible Common Equity Ratio Rankings
| Overall | 50th percentile | 2174 of 4385 |
| Sector | 52nd percentile | 180 of 381 in Consumer Goods |
| Industry | 56th percentile | 13 of 30 in Textile - Apparel Clothing |
EVK Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 35.83% | Jun 2007 |
| Maximum | 60.66% | Mar 2008 |
| Average | 50.24% |
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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EVK News
May 08, 6:25AM PR Newswire
Mar 28, 6:43AM Street Insider
Dec 13, 10:14PM PR Newswire
about 194 days ago by MarketBrief
Nov 10, 7:18AM Street Insider
Nov 10, 7:12AM Street Insider
Nov 07, 8:00AM PR Newswire
about 293 days ago by AGORACOM
Aug 04, 8:00AM PR Newswire
May 05, 8:00AM PR Newswire
Mar 24, 10:30AM PR Newswire
about 791 days ago by jamiemc101
about 1062 days ago by kunal00
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| EVK | 1.73 | +0.00 | +0.00% | 25.53M |
| EVJ | 14.32 | +0.08 | +0.54% | |
| ESRX | 52.63 | +0.96 | +1.86% | 25.51B |
| ESR | 22.12 | +0.03 | +0.14% | |
| ESP | 25.24 | +0.50 | +2.02% | 58.56M |
| ESLT | 34.21 | -0.13 | -0.38% | 1.467B |
| ESL | 66.69 | -0.42 | -0.63% | 2.043B |
| ESIO | 11.94 | -0.14 | -1.16% | 345.07M |
| ESIC | 7.18 | -0.01 | -0.14% | 229.04M |
| ESI | 57.90 | +1.52 | +2.70% | 1.433B |
