Hastings Entertainment (HAST)
Hastings Entertainment Tangible Common Equity Ratio: 38.10%
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HAST Tangible Common Equity Ratio Rankings
| Overall | 48th percentile | 2271 of 4385 |
| Sector | 46th percentile | 456 of 853 in Services |
| Industry | 33rd percentile | 2 of 3 in Music & Video Stores |
HAST Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 33.78% | Oct 2008 |
| Maximum | 45.62% | Apr 2010 |
| Average | 40.61% |
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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HAST News
May 21, 7:34AM Street Insider
May 21, 7:30AM PR Newswire
May 14, 7:30AM PR Newswire
Mar 19, 7:30AM PR Newswire
Mar 14, 10:19AM PR Newswire
Feb 03, 11:58AM PR Newswire
Dec 16, 1:39PM PR Newswire
Nov 21, 7:30AM PR Newswire
Nov 11, 10:08AM PR Newswire
Oct 28, 7:30AM PR Newswire
Oct 21, 7:30AM PR Newswire
Sep 16, 7:30AM PR Newswire
Sep 09, 7:30AM PR Newswire
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Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| HAST | 2.12 | +0.00 | +0.00% | 17.77M |
| HAS | 35.53 | +0.62 | +1.78% | 4.491B |
| HARL | 17.99 | +0.10 | +0.56% | 66.74M |
| HAR | 41.61 | +1.02 | +2.51% | 2.849B |
| HAP | 32.68 | +0.47 | +1.46% | |
| HALO | 8.17 | -0.14 | -1.68% | 931.47M |
| HALL | 7.21 | -0.07 | -0.96% | 140.21M |
| IIIN | 9.78 | +0.00 | +0.00% | 172.23M |
| III | 1.30 | +0.03 | +2.36% | 46.13M |
| IIF | 14.64 | +0.19 | +1.31% |