Griffon Corporation (GFF)
Griffon Corporation Tangible Common Equity Ratio: 5.26%
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GFF Tangible Common Equity Ratio Rankings
| Overall | 82nd percentile | 756 of 4385 |
| Sector | 80th percentile | 62 of 317 in Industrial Goods |
| Industry | 61st percentile | 8 of 21 in General Building Materials |
GFF Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 4.31% | Dec 2011 |
| Maximum | 56.47% | Jun 2009 |
| Average | 33.53% |
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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GFF News
May 01, 4:30PM Business Wire
Apr 24, 9:00AM Marketwire
Feb 07, 4:01PM Business Wire
about 119 days ago by earningscast
Jan 24, 4:01PM Business Wire
about 161 days ago by MarketBrief
about 174 days ago by ToddinFL
about 193 days ago by DynamicDividend
about 194 days ago by Benzinga
about 315 days ago by BullTard
about 368 days ago by OakTree
about 379 days ago by OakTree
about 799 days ago by YoYo_Trader
about 811 days ago by WeeklyTA
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| GFF | 7.82 | -0.08 | -1.01% | 482.65M |
| GFED | 7.46 | +0.00 | +0.00% | 19.99M |
| GFA | 2.74 | +0.07 | +2.62% | 592.80M |
| GF | 13.46 | -0.03 | -0.22% | |
| GEX | 9.70 | +0.02 | +0.23% | |
| GEVO | 5.77 | -0.09 | -1.54% | 152.90M |
| GEVA | 37.84 | -0.35 | -0.92% | 801.07M |
| GET | 34.22 | -0.28 | -0.81% | 1.661B |
| GES | 27.11 | +0.41 | +1.54% | 2.432B |
| GERN | 1.42 | +0.03 | +2.16% | 187.81M |
