Evolving Systems (EVOL)
Evolving Systems Tangible Common Equity Ratio: 77.70%
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EVOL Tangible Common Equity Ratio Rankings
| Overall | 12th percentile | 3852 of 4385 |
| Sector | 21st percentile | 635 of 814 in Technology |
| Industry | 15th percentile | 17 of 20 in Technical & System Software |
EVOL Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -82.48% | Jun 2007 |
| Maximum | 85.25% | Sep 2011 |
| Average | 9.03% |
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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EVOL News
May 16, 7:00AM Marketwire
May 08, 4:16PM Street Insider
Apr 30, 12:06PM Marketwire
about 46 days ago by chrisdress
Mar 13, 4:00PM Marketwire
Mar 08, 8:47AM Street Insider
Mar 06, 1:28PM Marketwire
Jan 19, 7:00AM Marketwire
Jan 06, 8:04AM Street Insider
Jan 06, 8:02AM theflyonthewall.com
Jan 05, 7:00AM Marketwire
Nov 10, 4:12PM Street Insider
about 446 days ago by DynamicDividend
about 558 days ago by STLcst
about 559 days ago by OptionRadar
about 804 days ago by AFairch
about 804 days ago by AFairch
about 946 days ago by WeeklyTA
about 954 days ago by zortrades
about 1283 days ago by dvolatility
about 1283 days ago by dvolatility
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| EVOL | 7.06 | -0.01 | -0.14% | 78.48M |
| ETFC | 8.965 | +0.28 | +3.28% | 2.480B |
| ETF | 18.06 | +0.22 | +1.23% | |
| ETE | 37.62 | -0.05 | -0.13% | 8.399B |
| ESYS | 3.961 | -0.29 | -6.80% | 15.01M |
| ESV | 49.58 | +1.06 | +2.18% | 11.21B |
| ESSA | 10.41 | +0.01 | +0.10% | 126.07M |
| ESS | 152.58 | +1.28 | +0.85% | 5.267B |
| ESRX | 53.49 | +0.86 | +1.63% | 25.51B |
| GABC | 18.18 | -0.13 | -0.71% | 230.71M |
