Heartland Express (HTLD)
Heartland Express Tangible Common Equity Ratio: 64.43%
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HTLD Tangible Common Equity Ratio Rankings
| Overall | 23rd percentile | 3361 of 4385 |
| Sector | 17th percentile | 704 of 853 in Services |
| Industry | 13th percentile | 20 of 23 in Trucking |
HTLD Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 53.50% | Sep 2010 |
| Maximum | 68.43% | Jun 2010 |
| Average | 64.09% |
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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HTLD News
May 22, 7:52AM Street Insider
May 17, 9:23AM Street Insider
May 17, 7:31AM Benzinga
about 27 days ago by TradeIdeasQuant
Apr 18, 10:55AM Street Insider
Apr 17, 9:36AM Benzinga
Apr 17, 9:33AM GlobeNewswire
about 56 days ago by MarketBrief
about 57 days ago by MarketBrief
about 58 days ago by MarketBrief
about 61 days ago by MarketBrief
about 62 days ago by MarketBrief
about 63 days ago by MarketBrief
about 64 days ago by MarketBrief
about 65 days ago by MarketBrief
about 67 days ago by MarketBrief
about 77 days ago by StockTwits
about 77 days ago by STNet
about 77 days ago by harmongreg
Mar 12, 1:02PM Street Insider
about 105 days ago by earningscast
Feb 10, 6:37PM GlobeNewswire
Jan 27, 12:44PM Street Insider
about 127 days ago by StockTwits
about 127 days ago by harmongreg
Jan 20, 9:56AM Street Insider
Jan 20, 9:54AM GlobeNewswire
Dec 29, 11:33AM GlobeNewswire
about 165 days ago by bricktop13
about 165 days ago by MarketBrief
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| HTLD | 14.44 | +0.16 | +1.12% | 1.235B |
| HTHT | 12.06 | +0.28 | +2.38% | 710.22M |
| HTH | 10.48 | +0.01 | +0.10% | 591.56M |
| HTGC | 10.60 | +0.06 | +0.57% | 515.72M |
| HTD | 17.72 | +0.09 | +0.51% | |
| 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 |