Dot Hill Systems Corporation (HILL)
Dot Hill Systems Corporation Tangible Common Equity Ratio: 45.87%
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HILL Tangible Common Equity Ratio Rankings
| Overall | 40th percentile | 2609 of 4385 |
| Sector | 57th percentile | 349 of 814 in Technology |
| Industry | 50th percentile | 9 of 18 in Data Storage Devices |
HILL Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 45.87% | Mar 2012 |
| Maximum | 72.12% | Jun 2007 |
| Average | 60.12% |
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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HILL News
May 11, 2:15PM PR Newswire
about 19 days ago by RecogniaEvents
about 20 days ago by earningscast
Apr 16, 8:00AM PR Newswire
about 50 days ago by RecogniaEvents
about 50 days ago by RecogniaEvents
about 53 days ago by MarketBrief
Mar 26, 8:00AM PR Newswire
about 69 days ago by RecogniaEvents
Mar 16, 7:36AM Street Insider
Mar 14, 4:25PM Street Insider
about 76 days ago by earningscast
Feb 23, 11:33AM PR Newswire
Feb 13, 8:00AM PR Newswire
Feb 07, 8:00AM PR Newswire
Feb 07, 7:45AM Street Insider
Feb 06, 6:22AM Street Insider
Jan 16, 9:00AM PR Newswire
Jan 05, 9:00AM PR Newswire
about 176 days ago by maxbury
about 195 days ago by Street_Insider
about 209 days ago by Street_Insider
about 215 days ago by VexTrades
about 248 days ago by VexTrades
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| HILL | 1.205 | +0.03 | +2.12% | 68.29M |
| HIL | 2.98 | -0.01 | -0.33% | 115.12M |
| 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 |
