Highway (HIHO)
Highway Tangible Common Equity Ratio: 66.52%
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HIHO Tangible Common Equity Ratio Rankings
| Overall | 21st percentile | 3452 of 4385 |
| Sector | 14th percentile | 271 of 317 in Industrial Goods |
| Industry | 17th percentile | 14 of 17 in Metal Fabrication |
HIHO Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 50.64% | Mar 2008 |
| Maximum | 73.73% | Sep 2011 |
| Average | 63.73% |
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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HIHO News
Jan 31, 8:00AM GlobeNewswire
Sep 07, 12:00PM GlobeNewswire
about 309 days ago by abubnic
about 313 days ago by DynamicDividend
about 315 days ago by abubnic
about 315 days ago by abubnic
about 315 days ago by abubnic
about 335 days ago by pumpndumphunter
Feb 28, 1:20PM GlobeNewswire
about 491 days ago by lovebob
about 566 days ago by danshep55
about 567 days ago by Detroitblues
about 567 days ago by Detroitblues
about 567 days ago by Detroitblues
about 567 days ago by Detroitblues
about 567 days ago by Detroitblues
about 568 days ago by Detroitblues
about 568 days ago by Detroitblues
about 568 days ago by Detroitblues
about 568 days ago by Detroitblues
about 568 days ago by Detroitblues
Oct 18, 8:00AM GlobeNewswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| HIHO | 1.48 | -0.04 | -2.68% | 5.594M |
| HIH | 8.60 | +0.05 | +0.58% | |
| HIG | 17.72 | +0.39 | +2.25% | 7.629B |
| HIFS | 58.20 | +0.12 | +0.21% | 122.80M |
| HIF | 9.54 | -0.10 | -1.04% | |
| HIBB | 56.46 | -0.59 | -1.03% | 1.506B |
| HI | 19.11 | +0.27 | +1.43% | 1.177B |
| HHS | 8.46 | +0.09 | +1.08% | 525.89M |
| HHC | 61.79 | +1.60 | +2.66% | 2.284B |
| HH | 0.61 | -0.01 | -1.61% | 43.20M |