hhgregg (HGG)
hhgregg Tangible Common Equity Ratio: 55.93%
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HGG Tangible Common Equity Ratio Rankings
| Overall | 30th percentile | 3041 of 4385 |
| Sector | 24th percentile | 641 of 853 in Services |
| Industry | 0th percentile | 5 of 5 in Electronics Stores |
HGG Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 6.56% | Jun 2007 |
| Maximum | 57.60% | Mar 2011 |
| Average | 36.36% |
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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HGG News
May 24, 3:12PM Street Insider
about 6 days ago by earningscast
May 21, 11:27AM Street Insider
about 11 days ago by MaddStocks
May 18, 9:00AM Business Wire
May 09, 5:41PM Business Wire
about 28 days ago by RecogniaEvents
Apr 23, 9:00AM Marketwire
Apr 17, 9:00AM Business Wire
about 85 days ago by jamiemc101
about 88 days ago by StockTiger
about 89 days ago by StockTiger
about 89 days ago by szaman
about 98 days ago by TradeIdeasQuant
about 102 days ago by TradeIdeasQuant
about 103 days ago by traderstewie
Feb 09, 2:43PM Street Insider
Feb 08, 7:02AM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| HGG | 11.09 | +0.22 | +2.02% | 404.80M |
| HGEM | 17.67 | +0.00 | +0.00% | |
| HFWA | 13.77 | +0.34 | +2.53% | 207.76M |
| HFC | 30.34 | +0.00 | +0.00% | 6.318B |
| HFBC | 7.05 | -0.10 | -1.47% | 55.62M |
| HF | 13.16 | +0.00 | +0.00% | 484.81M |
| HERO | 3.76 | +0.07 | +1.90% | 584.64M |
| HEQ | 15.66 | +0.12 | +0.77% | |
| HEP | 56.93 | +0.26 | +0.46% | 1.550B |
| HELE | 32.27 | +0.42 | +1.32% | 1.007B |