Extreme Networks (EXTR)
Extreme Networks Tangible Common Equity Ratio: 61.51%
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EXTR Tangible Common Equity Ratio Rankings
| Overall | 26th percentile | 3242 of 4385 |
| Sector | 40th percentile | 481 of 814 in Technology |
| Industry | 47th percentile | 9 of 17 in Networking & Communication Devices |
EXTR Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 48.37% | Sep 2008 |
| Maximum | 67.54% | Mar 2008 |
| Average | 59.28% |
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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EXTR News
May 23, 10:18AM Street Insider
about 14 days ago by RecogniaEvents
May 08, 7:41AM PR Newswire
May 08, 7:40AM PR Newswire
May 07, 7:30AM PR Newswire
May 07, 6:02AM theflyonthewall.com
May 02, 11:20PM Seeking Alpha
Apr 30, 7:30AM PR Newswire
Apr 25, 6:37AM Benzinga
about 39 days ago by TradeBot
about 39 days ago by STNet
Apr 19, 4:25PM Street Insider
Apr 19, 4:07PM Benzinga
about 47 days ago by TradeIdeasQuant
about 48 days ago by StockTiger
about 48 days ago by StockTiger
about 49 days ago by StockTiger
about 49 days ago by StockTiger
about 49 days ago by sssc
about 49 days ago by TradeBot
Mar 26, 7:45AM PR Newswire
about 67 days ago by Fibline
about 69 days ago by jamiemc101
Mar 15, 7:35AM PR Newswire
Mar 06, 7:35AM PR Newswire
Feb 22, 7:30AM PR Newswire
Feb 02, 11:20PM Seeking Alpha
about 117 days ago by earningscast
about 117 days ago by Benzinga
about 199 days ago by slvrserfr
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| EXTR | 3.72 | +0.14 | +3.91% | 335.66M |
| EXT | 46.97 | +0.17 | +0.36% | |
| EXPR | 19.20 | +0.48 | +2.56% | 1.666B |
| EXPO | 47.23 | +0.71 | +1.53% | 619.65M |
| EXPE | 45.11 | +0.22 | +0.49% | 6.000B |
| EXPD | 38.91 | +0.44 | +1.14% | 8.162B |
| EXP | 33.18 | +1.04 | +3.24% | 1.444B |
| FIG | 3.125 | -0.01 | -0.16% | 1.552B |
| FICO | 40.86 | -0.18 | -0.44% | 1.479B |
| FIBK | 13.74 | +0.05 | +0.37% | 225.61M |