The Finish Line (FINL)
The Finish Line Tangible Common Equity Ratio: 74.10%
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FINL Tangible Common Equity Ratio Rankings
| Overall | 14th percentile | 3734 of 4385 |
| Sector | 8th percentile | 782 of 853 in Services |
| Industry | 11th percentile | 38 of 43 in Apparel Stores |
FINL Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 65.13% | Feb 2008 |
| Maximum | 77.12% | May 2011 |
| Average | 70.65% |
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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FINL News
about 25 days ago by StockTiger
about 25 days ago by pikertrader
about 26 days ago by StockTiger
about 27 days ago by 1nvestor
Apr 20, 7:35AM Street Insider
about 40 days ago by StockTiger
about 41 days ago by StockTiger
about 56 days ago by IndianTrader
Apr 02, 10:18AM Street Insider
about 57 days ago by TradeBot
about 58 days ago by Contrarius
Mar 30, 2:52PM Street Insider
Mar 30, 7:51AM Benzinga
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FINL | 22.27 | +0.37 | +1.69% | 1.137B |
| FII | 20.21 | +0.40 | +2.02% | 2.055B |
| FIG | 3.12 | -0.01 | -0.32% | 1.552B |
| FBP | 3.90 | +0.26 | +7.14% | 747.29M |
| FBNC | 9.38 | +0.17 | +1.85% | 155.93M |
| FBN | 1.28 | +0.01 | +0.79% | 71.59M |
| FBMS | 9.00 | +0.00 | +0.00% | 27.63M |
| FBMI | 9.91 | -0.19 | -1.88% | 78.29M |
| FBM | 20.62 | +0.38 | +1.88% | |
| FBIZ | 22.12 | +0.12 | +0.55% | 57.51M |
