Craft Brew Alliance (HOOK)
Craft Brew Alliance Tangible Common Equity Ratio: 57.50%
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HOOK Tangible Common Equity Ratio Rankings
| Overall | 29th percentile | 3096 of 4385 |
| Sector | 28th percentile | 272 of 381 in Consumer Goods |
| Industry | 33rd percentile | 6 of 9 in Beverages - Brewers |
HOOK Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 47.65% | Mar 2009 |
| Maximum | 84.13% | Dec 2007 |
| Average | 60.21% |
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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HOOK News
about 65 days ago by harmongreg
about 75 days ago by bradloncar
about 75 days ago by earningscast
Mar 14, 4:35PM Street Insider
Feb 29, 1:30PM Business Wire
Dec 29, 1:17PM Business Wire
Nov 14, 4:37PM Street Insider
Nov 02, 4:15PM Business Wire
about 344 days ago by harmongreg
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| HOOK | 8.19 | -0.06 | -0.73% | 154.30M |
| HON | 57.21 | +0.46 | +0.81% | 44.05B |
| HOME | 9.04 | +0.11 | +1.23% | 140.22M |
| HCSG | 19.99 | +0.26 | +1.32% | 1.319B |
| HCP | 41.43 | +0.45 | +1.10% | 17.19B |
| HCN | 55.90 | +0.68 | +1.23% | 11.61B |
| HCKT | 5.20 | +0.08 | +1.56% | 211.25M |
| HCII | 13.56 | -0.06 | -0.44% | 84.17M |
| HCCI | 18.76 | +0.40 | +2.18% | 267.87M |
| HCC | 31.30 | +0.15 | +0.48% | 3.240B |
