Excel Maritime Carriers (EXM)
Excel Maritime Carriers Tangible Common Equity Ratio: 57.31%
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EXM Tangible Common Equity Ratio Rankings
| Overall | 29th percentile | 3086 of 4385 |
| Sector | 23rd percentile | 650 of 853 in Services |
| Industry | 21st percentile | 33 of 42 in Shipping |
EXM Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 26.43% | Jun 2008 |
| Maximum | 64.14% | Sep 2007 |
| Average | 49.45% |
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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EXM News
May 22, 11:00AM Benzinga
about 8 days ago by Crebelman2224
about 25 days ago by Crebelman2224
May 01, 8:05AM Marketwire
Apr 30, 8:48AM Marketwire
about 33 days ago by TraderPat
about 34 days ago by dragonwarrior
about 35 days ago by The_Phenom
about 39 days ago by dragonwarrior
about 48 days ago by dragonwarrior
Apr 06, 8:20AM Marketwire
Mar 19, 6:49AM Street Insider
Mar 15, 5:20PM Street Insider
Feb 14, 8:20AM Marketwire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| EXM | 0.882 | -0.01 | -0.90% | 76.26M |
| EXLS | 22.67 | -0.35 | -1.52% | 722.83M |
| EXLP | 20.79 | +0.16 | +0.78% | 861.92M |
| EPR | 42.54 | +0.42 | +1.00% | 1.965B |
| EPM | 8.59 | +0.07 | +0.82% | 237.03M |
| EPL | 16.22 | +0.30 | +1.88% | 627.09M |
| EPHC | 23.78 | +0.08 | +0.34% | 551.26M |
| EPD | 50.10 | +0.66 | +1.33% | 43.08B |
| EPB | 33.70 | +0.50 | +1.51% | 6.829B |
| GBL | 42.34 | -0.07 | -0.17% | 1.135B |