Furmanite Corporation (FRM)
Furmanite Corporation Tangible Common Equity Ratio: 53.25%
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FRM Tangible Common Equity Ratio Rankings
| Overall | 33rd percentile | 2932 of 4385 |
| Sector | 28th percentile | 613 of 853 in Services |
| Industry | 5th percentile | 17 of 18 in Technical Services |
FRM Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 37.35% | Jun 2007 |
| Maximum | 53.25% | Mar 2012 |
| Average | 47.17% |
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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FRM News
about 21 days ago by earningscast
about 21 days ago by earningscast
May 07, 3:27PM Business Wire
about 60 days ago by MarketBrief
about 84 days ago by earningscast
Nov 08, 8:00AM Business Wire
about 424 days ago by Judy_G
about 489 days ago by szaman
about 496 days ago by fallondpicks
about 496 days ago by bryanriddle247
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FRM | 4.44 | +0.10 | +2.30% | 165.17M |
| FRF | 8.00 | -0.03 | -0.37% | 159.68M |
| FREE | 0.63 | -0.05 | -7.33% | 4.082M |
| FRED | 14.12 | +0.12 | +0.86% | 525.69M |
| EVI | 1.30 | +0.00 | +0.00% | 9.139M |
| EVEP | 52.14 | +0.60 | +1.16% | 2.005B |
| EVC | 1.27 | -0.02 | -1.55% | 108.98M |
| EVBS | 4.15 | -0.03 | -0.72% | 25.02M |
| EVBN | 15.75 | -0.13 | -0.82% | 65.05M |
| EVAL | 43.67 | -0.30 | -0.68% |
