Forward Air Corporation (FWRD)
Forward Air Corporation Tangible Common Equity Ratio: 79.72%
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FWRD Tangible Common Equity Ratio Rankings
| Overall | 10th percentile | 3920 of 4385 |
| Sector | 4th percentile | 814 of 853 in Services |
| Industry | 0th percentile | 12 of 12 in Air Delivery & Freight Services |
FWRD Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 54.84% | Mar 2008 |
| Maximum | 84.05% | Jun 2007 |
| Average | 65.39% |
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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FWRD News
May 03, 3:30PM Business Wire
Apr 23, 3:09PM Business Wire
Apr 23, 8:47AM Street Insider
about 39 days ago by TradeBot
about 39 days ago by earningscast
about 41 days ago by RecogniaEvents
about 55 days ago by MarketBrief
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about 57 days ago by MarketBrief
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about 61 days ago by MarketBrief
about 62 days ago by MarketBrief
about 63 days ago by MarketBrief
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about 67 days ago by MarketBrief
Mar 20, 3:05PM Business Wire
about 104 days ago by MarketBrief
about 105 days ago by earningscast
about 111 days ago by earningscast
Feb 07, 4:05PM Business Wire
about 197 days ago by MarketBrief
about 259 days ago by redman59
about 314 days ago by Benzinga
about 405 days ago by Benzinga
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FWRD | 31.63 | -0.20 | -0.63% | 919.17M |
| FVL | 12.39 | +0.03 | +0.23% | |
| FVI | 18.09 | +0.07 | +0.39% | |
| FVE | 3.05 | -0.03 | -0.97% | 146.10M |
| FTWR | 0.19 | -0.03 | -12.44% | |
| FTR | 3.50 | +0.07 | +2.04% | 3.495B |
| FTNT | 25.03 | +3.19 | +14.61% | 3.415B |
| FTK | 10.91 | -0.09 | -0.82% | 537.97M |
| FTI | 41.72 | -0.27 | -0.64% | 9.974B |
| FTF | 14.31 | -0.24 | -1.65% |
