Hanger Orthopedic Group (HGR)
Hanger Orthopedic Group Tangible Common Equity Ratio: -48.83%
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HGR Tangible Common Equity Ratio Rankings
| Overall | 95th percentile | 206 of 4385 |
| Sector | 91st percentile | 42 of 504 in Healthcare |
| Industry | 81st percentile | 3 of 16 in Specialized Health Services |
HGR Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -102.2% | Sep 2007 |
| Maximum | -38.52% | Sep 2010 |
| Average | -65.51% |
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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HGR News
May 21, 4:15PM Benzinga
about 26 days ago by earningscast
May 03, 8:13AM Benzinga
May 02, 4:01PM PR Newswire
about 32 days ago by RecogniaEvents
about 32 days ago by RecogniaEvents
Mar 28, 4:54PM PR Newswire
about 110 days ago by earningscast
Feb 08, 5:27PM Street Insider
Jan 09, 6:01PM PR Newswire
Dec 19, 4:10PM Benzinga
Dec 19, 4:10PM PR Newswire
about 307 days ago by Benzinga
about 307 days ago by Benzinga
about 362 days ago by jimvanmeerten
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| HGR | 22.05 | +0.69 | +3.23% | 727.09M |
| HGIC | 59.94 | +0.00 | +0.00% | 1.635B |
| HGI | 15.41 | +0.18 | +1.20% | |
| 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 |
