China Grentech Corporation (GRRF)
China Grentech Corporation Tangible Common Equity Ratio: 37.77%
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GRRF Tangible Common Equity Ratio Rankings
| Overall | 48th percentile | 2254 of 4385 |
| Sector | 63rd percentile | 297 of 814 in Technology |
| Industry | 44th percentile | 19 of 34 in Wireless Communications |
GRRF Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 37.77% | Sep 2011 |
| Maximum | 56.07% | Sep 2007 |
| Average | 47.29% |
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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GRRF News
Jan 20, 6:45AM Street Insider
Jan 20, 6:00AM PR Newswire
Nov 30, 8:01AM FlyOnTheWall
Nov 14, 7:40AM Street Insider
Nov 14, 7:07AM FlyOnTheWall
Nov 14, 7:02AM Benzinga
Aug 10, 5:03PM Street Insider
about 440 days ago by TheEquitiesRoom
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about 500 days ago by BoricuaTrader
about 516 days ago by danshep55
about 516 days ago by mb_willoughby
about 516 days ago by TradeIdeas1
about 516 days ago by rpedroza83
about 566 days ago by daytradingzoo
about 566 days ago by daytradingzoo
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| GRRF | 3.11 | +0.00 | +0.00% | 70.69M |
| GMK | 9.13 | +0.33 | +3.75% | 1.240B |
| GMET | 0.30 | +0.00 | +0.77% | 11.91M |
| GME | 19.70 | +0.18 | +0.92% | 2.615B |
| GMCR | 25.77 | +0.46 | +1.82% | 3.919B |
| GMAN | 17.88 | +0.73 | +4.26% | 331.34M |
| GM | 22.85 | +0.41 | +1.83% | 35.14B |
| GLW | 13.13 | +0.22 | +1.70% | 19.65B |
| GLUU | 4.58 | -0.14 | -2.97% | 302.27M |
| GLU | 19.89 | -0.02 | -0.10% |
