Hickory Tech Corporation (HTCO)
Hickory Tech Corporation Tangible Common Equity Ratio: 4.03%
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HTCO Tangible Common Equity Ratio Rankings
| Overall | 83rd percentile | 708 of 4385 |
| Sector | 83rd percentile | 135 of 814 in Technology |
| Industry | 42nd percentile | 11 of 19 in Telecom Services - Domestic |
HTCO Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 1.83% | Dec 2008 |
| Maximum | 6.53% | Jun 2011 |
| Average | 3.73% |
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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HTCO News
May 01, 12:33PM Seeking Alpha
about 28 days ago by earningscast
Apr 19, 9:30AM Business Wire
about 61 days ago by MarketBrief
about 83 days ago by earningscast
Mar 06, 4:15PM Street Insider
Mar 05, 11:32AM Street Insider
Jan 06, 1:19PM GlobeNewswire
about 175 days ago by earningscast
Nov 07, 6:30PM PR Newswire
about 208 days ago by DynamicDividend
about 246 days ago by DynamicDividend
about 355 days ago by jimvanmeerten
about 358 days ago by micstockwell
about 454 days ago by jimvanmeerten
about 455 days ago by DynamicDividend
about 986 days ago by wrightinvest
about 986 days ago by wrightinvest
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| HTCO | 9.46 | +0.04 | +0.42% | 126.32M |
| GOOD | 16.00 | -0.11 | -0.68% | 176.24M |
| GOLF | 6.05 | -0.01 | -0.17% | 95.81M |
| GOLD | 80.92 | -0.04 | -0.05% | 7.426B |
| GOL | 4.43 | +0.18 | +4.24% | 566.78M |
| GOK | 0.5501 | +0.00 | +0.02% | 10.44M |
| GNW | 5.45 | +0.26 | +5.01% | 2.550B |
| GNVC | 2.475 | -0.03 | -1.00% | 32.40M |
| ING | 6.05 | +0.09 | +1.51% | 22.54B |
| INFY | 43.44 | +0.98 | +2.31% | 24.26B |
