Haverty Furniture Companies (HVT)
Haverty Furniture Companies Tangible Common Equity Ratio: 68.75%
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HVT Tangible Common Equity Ratio Rankings
| Overall | 19th percentile | 3535 of 4385 |
| Sector | 13th percentile | 741 of 853 in Services |
| Industry | 0th percentile | 5 of 5 in Home Furnishing Stores |
HVT Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 64.52% | Sep 2007 |
| Maximum | 69.29% | Jun 2011 |
| Average | 67.55% |
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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HVT News
May 15, 3:04PM Thomson Reuters ONE
about 27 days ago by earningscast
Apr 26, 4:46PM Thomson Reuters ONE
about 61 days ago by RecogniaEvents
about 61 days ago by MarketBrief
Feb 28, 4:40PM Business Wire
about 92 days ago by earningscast
Feb 21, 6:33PM Thomson Reuters ONE
about 203 days ago by DynamicDividend
about 820 days ago by CompoundinTrade
about 909 days ago by FibLine
about 942 days ago by FibLine
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| HVT | 12.03 | +0.01 | +0.08% | 263.84M |
| HPQ | 22.80 | +0.47 | +2.10% | 44.15B |
| HPP | 16.20 | +0.15 | +0.93% | 545.70M |
| HPOL | 1.13 | -0.01 | -0.88% | 63.75M |
| HPJ | 0.98 | +0.00 | +0.00% | 13.31M |
| HP | 47.10 | +0.85 | +1.84% | 4.974B |
| HOV | 1.98 | +0.09 | +4.76% | 180.57M |
| HOTT | 9.96 | -0.04 | -0.40% | 420.80M |
| HOT | 54.75 | +1.37 | +2.57% | 10.52B |
| HOS | 36.35 | +1.52 | +4.36% | 1.219B |
