GeoEye (GEOY)
GeoEye Tangible Common Equity Ratio: 34.78%
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GEOY Tangible Common Equity Ratio Rankings
| Overall | 51st percentile | 2110 of 4385 |
| Sector | 66th percentile | 270 of 814 in Technology |
| Industry | 18th percentile | 9 of 11 in Information & Delivery Services |
GEOY Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 16.65% | Jun 2007 |
| Maximum | 36.25% | Sep 2010 |
| Average | 26.98% |
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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GEOY News
about 8 days ago by slapnut
about 10 days ago by bradloncar
about 18 days ago by TradeIdeasQuant
May 11, 3:23AM Benzinga
about 21 days ago by bradloncar
May 07, 10:38AM Street Insider
about 22 days ago by TradeBot
about 22 days ago by bradloncar
May 07, 9:22AM Benzinga
May 07, 7:53AM Benzinga
about 22 days ago by bradloncar
about 22 days ago by traderNC
about 24 days ago by abubnic
May 04, 1:30PM Street Insider
May 04, 11:31AM Street Insider
about 25 days ago by bradloncar
about 25 days ago by slapnut
about 25 days ago by chicagosean
about 25 days ago by bradloncar
about 25 days ago by ivanhoff
about 26 days ago by bradloncar
May 02, 7:15PM PR Newswire
Apr 24, 11:20AM PR Newswire
Apr 19, 10:34AM PR Newswire
about 63 days ago by RecogniaEvents
about 74 days ago by STREETS_have_no_name
about 74 days ago by RecogniaEvents
about 76 days ago by EarningsJobber
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| GEOY | 20.39 | +1.29 | +6.75% | 453.47M |
| FVE | 3.05 | -0.03 | -0.97% | 146.10M |
| FVD | 16.26 | -0.02 | -0.12% | |
| FURX | 19.10 | +0.88 | +4.83% | 190.04M |
| FUR | 10.30 | -0.10 | -0.96% | 340.42M |
| FUND | 6.26 | +0.06 | +0.97% | |
| FUN | 26.60 | +0.13 | +0.49% | 1.473B |
| FULT | 10.24 | -0.04 | -0.39% | 2.051B |
| FSYS | 15.10 | -0.24 | -1.56% | 302.15M |
| FSTR | 27.66 | -0.04 | -0.14% | 283.52M |