General Moly (GMO)
General Moly Tangible Common Equity Ratio: 52.08%
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GMO Tangible Common Equity Ratio Rankings
| Overall | 34th percentile | 2882 of 4385 |
| Sector | 43rd percentile | 286 of 509 in Basic Materials |
| Industry | 60th percentile | 24 of 60 in Industrial Metals & Minerals |
GMO Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 45.26% | Sep 2010 |
| Maximum | 96.57% | Mar 2009 |
| Average | 61.38% |
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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GMO News
about 18 days ago by Ranger94
about 22 days ago by JD_Cewe
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about 68 days ago by bradloncar
Mar 21, 4:32PM Street Insider
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about 78 days ago by bradloncar
about 78 days ago by bradloncar
about 81 days ago by bradloncar
about 82 days ago by bradloncar
about 84 days ago by bradloncar
about 88 days ago by RecogniaEvents
about 88 days ago by bradloncar
about 91 days ago by bradloncar
about 92 days ago by bradloncar
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about 97 days ago by Rico__gomez
about 97 days ago by TradeIdeasQuant
about 103 days ago by bradloncar
Feb 16, 4:48PM Business Wire
about 103 days ago by Mindanao7
Jan 04, 8:32AM Street Insider
Dec 05, 8:30AM Business Wire
Nov 15, 5:53PM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| GMO | 2.61 | +0.10 | +3.98% | 228.86M |
| GMMB | 54.48 | +0.00 | +0.00% | |
| GMM | 58.50 | +1.23 | +2.15% | |
| GMK | 9.13 | +0.33 | +3.75% | 1.240B |
| GLRE | 24.71 | +0.13 | +0.53% | 744.28M |
| GLQ | 11.98 | +0.19 | +1.61% | |
| GLPW | 17.99 | +0.86 | +5.02% | 281.45M |
| 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% |