Friedman Industries (FRD)
Friedman Industries Tangible Common Equity Ratio: 83.08%
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FRD Tangible Common Equity Ratio Rankings
| Overall | 8th percentile | 4024 of 4385 |
| Sector | 14th percentile | 436 of 510 in Basic Materials |
| Industry | 3rd percentile | 30 of 31 in Steel & Iron |
FRD Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 64.68% | Sep 2008 |
| Maximum | 92.81% | Mar 2009 |
| Average | 81.63% |
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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FRD News
about 46 days ago by hamboneMJ
Mar 26, 6:23AM Street Insider
about 73 days ago by RecogniaEvents
about 76 days ago by RecogniaEvents
Sep 01, 5:27PM Street Insider
about 314 days ago by stocktilludrop
about 321 days ago by DynamicDividend
about 336 days ago by DynamicDividend
about 336 days ago by DynamicDividend
about 336 days ago by stocktilludrop
Jun 27, 6:08PM Business Wire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FRD | 10.08 | +0.01 | +0.10% | 68.54M |
| FRC | 32.85 | -0.10 | -0.30% | 4.272B |
| FRBK | 1.91 | -0.05 | -2.55% | 49.60M |
| FRA | 14.27 | -0.08 | -0.56% | |
| FCO | 13.49 | -0.06 | -0.44% | |
| FCNCA | 166.83 | +1.83 | +1.11% | 1.715B |
| FCLF | 6.00 | +0.23 | +3.99% | 46.32M |
| FCL | 27.88 | +0.13 | +0.47% | |
| GFIG | 2.79 | +0.01 | +0.36% | 329.72M |
| GFI | 13.29 | +0.14 | +1.06% | 9.629B |
