CGI Group (GIB)
CGI Group Tangible Common Equity Ratio: -1.59%
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GIB Tangible Common Equity Ratio Rankings
| Overall | 86th percentile | 587 of 4385 |
| Sector | 85th percentile | 121 of 814 in Technology |
| Industry | 86th percentile | 3 of 22 in Internet Software & Services |
GIB Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -56.43% | Sep 2010 |
| Maximum | 8.74% | Dec 2009 |
| Average | -14.78% |
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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GIB News
about 12 days ago by TraderFoxxx
May 07, 2:00PM Marketwire
about 36 days ago by eyeonequities
Apr 23, 2:00PM Marketwire
Apr 11, 2:30PM Marketwire
about 58 days ago by TraderFoxxx
about 64 days ago by Ubutrader
about 71 days ago by Ubutrader
about 72 days ago by Ubutrader
about 81 days ago by Ubutrader
about 82 days ago by Ubutrader
Feb 14, 8:36AM Marketwire
Feb 10, 11:23AM Marketwire
about 111 days ago by TradeIdeasQuant
Feb 08, 2:50PM Marketwire
about 118 days ago by michaelbabad
about 118 days ago by michaelbabad
about 119 days ago by michaelbabad
about 119 days ago by michaelbabad
Feb 01, 8:06AM Marketwire
Jan 26, 8:36AM Marketwire
Jan 24, 11:15AM Wall Street Transcript
Jan 24, 8:37AM Benzinga
Jan 05, 8:36AM Marketwire
about 175 days ago by Benzinga
about 190 days ago by Ubutrader
about 250 days ago by Ubutrader
about 251 days ago by Ubutrader
about 257 days ago by Ubutrader
about 320 days ago by ScottAdams_Edit
about 322 days ago by szaman
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| GIB | 20.51 | +0.33 | +1.64% | 4.543B |
| GGP | 17.32 | +0.51 | +3.00% | |
| GGEM | 20.00 | -0.13 | -0.64% | |
| GGE | 16.35 | +0.20 | +1.27% | |
| GGC | 31.14 | +0.28 | +0.91% | 1.057B |
| GGB | 8.21 | +0.15 | +1.86% | 9.237B |
| GGAL | 4.83 | -0.12 | -2.42% | 614.49M |
| GG | 36.34 | -1.36 | -3.61% | 30.54B |
| GFY | 16.85 | -0.10 | -0.59% | |
| GFNCL | 3.35 | +0.00 | +0.00% |