L.B. Foster Company (FSTR)
L.B. Foster Company Tangible Common Equity Ratio: 66.05%
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FSTR Tangible Common Equity Ratio Rankings
| Overall | 21st percentile | 3428 of 4385 |
| Sector | 15th percentile | 718 of 853 in Services |
| Industry | 0th percentile | 5 of 5 in Basic Materials Wholesale |
FSTR Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 43.86% | Jun 2007 |
| Maximum | 71.84% | Mar 2010 |
| Average | 64.43% |
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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FSTR News
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Jan 31, 4:06AM Benzinga
about 123 days ago by valuewalk
Jan 23, 4:16PM Street Insider
Jan 20, 4:25AM Benzinga
Jan 17, 1:21PM PR Newswire
about 271 days ago by blaise9
about 294 days ago by JQuereau
about 299 days ago by Street_Insider
about 299 days ago by Benzinga
about 302 days ago by txbondman
about 393 days ago by DynamicDividend
about 393 days ago by Street_Insider
about 487 days ago by txbondman
about 530 days ago by annveena
about 537 days ago by OptionRadar
about 544 days ago by OptionRadar
about 547 days ago by OptionRadar
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FSTR | 27.66 | -0.04 | -0.14% | 283.52M |
| FST | 8.43 | +0.22 | +2.68% | 988.08M |
| FSS | 4.88 | +0.04 | +0.83% | 303.44M |
| FSRV | 26.32 | +0.17 | +0.65% | 753.28M |
| FSR | 7.40 | -0.07 | -0.94% | 520.07M |
| FSP | 10.05 | +0.07 | +0.70% | 833.55M |
| FRO | 5.38 | +0.40 | +8.03% | 418.89M |
| FRN | 19.46 | +0.04 | +0.21% | |
| FRME | 11.79 | -0.28 | -2.32% | 340.73M |
| FRM | 4.44 | +0.10 | +2.30% | 165.17M |