Aberdeen Australia Equity Fund (IAF)

9.81 +0.41  +4.36%  May 29, 5:20PM Go Pro
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Aberdeen Australia Equity Fund Tangible Common Equity Ratio

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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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IAF News

$IAF filed latest Proxy Statement with the SEC (Form DEF 14A) http://stks.co/2MFy
about 109 days ago by MarketBrief
RT @StockTickr Here's my trading radar for the day: $AGNC, $ASML, $CIEN, $CML, $GT, $IAF, $LINE, $LULU, $SFD, $TEVA, $TTM, $ZQK
about 537 days ago by PavolHollosy
Here's my trading radar for the day: $AGNC, $ASML, $CIEN, $CML, $GT, $IAF, $LINE, $LULU, $SFD, $TEVA, $TTM, $ZQK
about 537 days ago by StockTickr
$IAF holding up 6% yield..
about 929 days ago by netsoundoff
Movers in my portfolios on open today. Up >5%: None; Dn >5%: $IAF
about 970 days ago by rcline_jr
Movers in my portfolios today. Up >5%: $ENER $CMED $IAF $LAD $PWRD $CYOU; Dn >5%: $MTXX
about 994 days ago by rcline_jr
Movers in my portfolios on open today. Up >5%: None Dn >5%: $ATW $IAF
about 1058 days ago by rcline_jr
Movers in my portfolios today. Up >5%: $FIG $SAH $HES $EOG $IAF $NSIT $TRW; Dn >5%: none
about 1097 days ago by rcline_jr
Australian #MKT Lifted Ban on "Financial Short Selling" Yesterday-Monday May 25 2009 Watch 4Fallout As Wk Cont $EWA $CNZLX $IAF $QAW $SPI
about 1100 days ago by chartingstock
Australian central bank kept rates on hold. Long $FXA, $FAX, $IAF
about 1184 days ago by mikeblair
@marissa_alex buy this $IAF
about 1329 days ago by JackRyanBauer

Recent Quotes

Symbol Price Chg Chg % Market Cap
IAF 9.81 +0.41 +4.36%
IAE 14.79 +0.14 +0.96%
IACI 45.80 +1.07 +2.39% 3.635B
HSNI 39.67 +0.43 +1.10% 2.272B
HSKA 12.22 +0.14 +1.16% 63.66M
HSII 16.79 +0.26 +1.57% 295.39M
HSFT 13.06 +0.17 +1.32% 404.23M
HSC 20.78 +0.48 +2.36% 1.635B
HGT 6.70 -0.14 -2.05% 273.60M
HGSI 13.81 +0.20 +1.47% 2.708B
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