Global Partners (GLP)
Global Partners Tangible Common Equity Ratio: 17.61%
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GLP Tangible Common Equity Ratio Rankings
| Overall | 67th percentile | 1414 of 4385 |
| Sector | 66th percentile | 289 of 853 in Services |
| Industry | 60th percentile | 2 of 5 in Basic Materials Wholesale |
GLP Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 11.02% | Jun 2008 |
| Maximum | 23.60% | Mar 2010 |
| Average | 16.02% |
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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GLP News
about 7 days ago by MarketBrief
about 9 days ago by MarketBrief
about 12 days ago by MarketBrief
about 13 days ago by MarketBrief
May 14, 8:30AM Business Wire
about 26 days ago by mlpguy
Apr 25, 8:30AM Business Wire
Apr 20, 8:30AM Business Wire
Mar 08, 8:00AM Business Wire
about 86 days ago by MLP_Protocol
about 93 days ago by MLP_Protocol
Feb 23, 8:30AM Business Wire
about 100 days ago by MLP_Protocol
Jan 20, 4:25AM Benzinga
Jan 18, 8:32AM Street Insider
Jan 18, 8:30AM Business Wire
about 143 days ago by MLP_Protocol
about 186 days ago by mlpguy
about 192 days ago by MLP_Protocol
about 209 days ago by Benzinga
about 212 days ago by mlpguy
about 219 days ago by mlpguy
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| GLP | 22.12 | -0.05 | -0.23% | 608.12M |
| GLNG | 35.20 | +0.77 | +2.24% | 2.748B |
| GLL | 18.98 | +0.38 | +2.07% | |
| GLDX | 8.106 | -0.06 | -0.78% | |
| GLDC | 3.33 | -0.14 | -4.03% | 40.70M |
| GLD | 151.00 | -1.68 | -1.10% | |
| GLCH | 0.85 | +0.03 | +3.66% | 104.44M |
| GLBZ | 10.25 | -0.30 | -2.84% | 28.70M |
| GLBS | 3.71 | -0.14 | -3.64% | 37.29M |
| GLAD | 7.46 | +0.00 | +0.00% | 156.81M |
