Industrias Bachoco (IBA)
Industrias Bachoco Tangible Common Equity Ratio: 72.61%
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IBA Tangible Common Equity Ratio Rankings
| Overall | 16th percentile | 3675 of 4385 |
| Sector | 12th percentile | 333 of 381 in Consumer Goods |
| Industry | 0th percentile | 8 of 8 in Meat Products |
IBA Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 71.73% | Dec 2008 |
| Maximum | 79.73% | Mar 2008 |
| Average | 76.55% |
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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IBA News
Feb 08, 7:19PM PR Newswire
Nov 02, 4:05PM PR Newswire
Oct 28, 7:45AM PR Newswire
Aug 23, 5:54PM PR Newswire
about 507 days ago by ECantoni
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about 700 days ago by AlephBlog
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about 1041 days ago by grocklein
about 1135 days ago by grocklein
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| IBA | 21.12 | +0.57 | +2.77% | 1.028B |
| HRZN | 16.24 | +0.09 | +0.56% | 123.22M |
| HRT | 3.33 | +0.17 | +5.38% | 9.291M |
| HRS | 40.23 | +0.86 | +2.18% | 4.483B |
| HRL | 30.24 | +0.10 | +0.32% | 7.949B |
| HRG | 4.80 | +0.00 | +0.00% | 669.17M |
| HRC | 30.30 | +0.77 | +2.61% | 1.828B |
| HR | 22.14 | +0.48 | +2.24% | 1.687B |
| HITT | 50.74 | +0.67 | +1.34% | 1.575B |
| HITK | 29.28 | -0.28 | -0.95% | 383.98M |
