Internet Capital Group (ICGE)
Internet Capital Group Tangible Common Equity Ratio: 75.19%
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ICGE Tangible Common Equity Ratio Rankings
| Overall | 14th percentile | 3771 of 4385 |
| Sector | 24th percentile | 611 of 814 in Technology |
| Industry | 36th percentile | 14 of 22 in Internet Software & Services |
ICGE Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 75.19% | Mar 2012 |
| Maximum | 93.71% | Mar 2008 |
| Average | 86.81% |
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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ICGE News
about 7 days ago by avickrey
May 14, 9:15AM GlobeNewswire
May 07, 9:00AM GlobeNewswire
about 26 days ago by earningscast
about 26 days ago by TradeIdeasQuant
about 26 days ago by TradeIdeasQuant
Apr 24, 9:00AM GlobeNewswire
Apr 18, 10:00AM GlobeNewswire
Apr 16, 8:30AM GlobeNewswire
about 46 days ago by RecogniaEvents
Apr 11, 3:35PM GlobeNewswire
Apr 10, 4:38AM Benzinga
Apr 02, 4:06PM GlobeNewswire
Mar 27, 9:30AM GlobeNewswire
Mar 12, 9:00AM GlobeNewswire
Mar 08, 3:05PM GlobeNewswire
Mar 05, 5:00AM GlobeNewswire
Feb 23, 9:54AM Street Insider
about 96 days ago by earningscast
Feb 19, 5:00AM GlobeNewswire
about 404 days ago by theusedblog
about 419 days ago by MatthewBrenner
about 419 days ago by MatthewBrenner
about 489 days ago by jimvanmeerten
about 489 days ago by jimvanmeerten
about 671 days ago by enorlin
about 736 days ago by Legacy_Trades
about 799 days ago by MrHarlan1
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ICGE | 8.82 | +0.03 | +0.34% | 329.98M |
| IBA | 21.12 | +0.57 | +2.77% | 1.028B |
| IART | 35.59 | +0.30 | +0.85% | 948.60M |
| IAK | 29.77 | +0.26 | +0.88% | |
| IAG | 10.58 | -0.29 | -2.67% | 4.088B |
| 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 |