Aberdeen Global Income Fund (FCO)

13.49 -0.06  -0.44%  May 25, 11:00PM Go Pro
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Aberdeen Global Income Fund Tangible Common Equity Ratio

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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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FCO News

$FCO filed latest Proxy Statement with the SEC (Form DEF 14A) http://stks.co/2MGE
about 108 days ago by MarketBrief
Daily International Briefing from Global Investing on http://bit.ly/dDaAQT $IBN $PT $GSK $VVUS $FCO $BNS $WSH $SLB $RIG $TS #covestorlive
about 680 days ago by covestor
Daily International Briefing from Global Investing on http://bit.ly/dDaAQT $IBN $PT $GSK $VVUS $FCO $BNS $WSH $SLB $RIG $TS #covestorlive
about 680 days ago by covestor
@StockTwits Foreign dividend yield: $PPT $JGT $AWF $ESD $TEI; holding $BGY $BOE $VTA $EXG $EOD $IAE $IAF $IGD $FAX $FCO (+35% since 6/22) $$
about 933 days ago by rcline_jr
Down day or up day, my international dividend portfolio is solid as a rock. ($BGY $BOE $EOD $EXG $FAX $FCO $IAE $IAF $IGD $VTA)
about 1002 days ago by rcline_jr
Replenished my dividend portfolio with $FAX $FCO $IAE $IAF $BGY $EOD $EXG $IGD $BWC $VTA
about 1072 days ago by rcline_jr
Movers in my portfolios today. Up >5%: $IAF $FIG $FCO $BLUD; Dn >5%: $CHUX
about 1096 days ago by rcline_jr
CNBC - beware of yield trap and go for low (safe) yielding div plays. BS, I love my $FAX $FCO $IAE and $IAF. You get div and price increase.
about 1139 days ago by rcline_jr

Recent Quotes

Symbol Price Chg Chg % Market Cap
FCO 13.49 -0.06 -0.44%
FCL 27.96 +0.08 +0.29%
FCHI 40.31 +0.19 +0.47%
FCH 4.31 +0.24 +5.90% 505.58M
FCFS 37.52 +0.89 +2.43% 1.080B
FCFC 8.91 +0.20 +2.30% 90.50M
FCF 6.33 +0.06 +0.96% 658.48M
FCEL 1.10 +0.08 +7.84% 142.28M
FCEB 13.76 +0.22 +1.62% 2.130B
FCE.A 13.88 +0.35 +2.62% 2.315B
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