Internet Gold Golden Lines (IGLD)
Internet Gold Golden Lines Tangible Common Equity Ratio: -19.33%
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IGLD Tangible Common Equity Ratio Rankings
| Overall | 90th percentile | 403 of 4391 |
| Sector | 90th percentile | 79 of 813 in Technology |
| Industry | 78th percentile | 6 of 28 in Diversified Communication Services |
IGLD Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -108.7% | Jun 2007 |
| Maximum | 22.45% | Dec 2009 |
| Average | -18.84% |
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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IGLD News
May 24, 12:47PM The Wall Street Journal
Sep 08, 12:53PM FlyOnTheWall
Mar 01, 2:27AM Business Wire
Mar 01, 2:22AM Business Wire
about 770 days ago by buffalod
about 784 days ago by cfrazierjr
about 947 days ago by Street_Insider
about 947 days ago by StocksNYC
about 947 days ago by chartsandcoffee
about 947 days ago by johnwelshtrades
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| IGLD | 3.80 | +0.53 | +16.21% | 72.81M |
| IGF | 32.67 | -0.48 | -1.45% | |
| IGC | 0.2191 | -0.00 | -0.41% | 4.611M |
| IGA | 10.87 | -0.10 | -0.91% | |
| IG | 1.04 | +0.01 | +0.97% | 41.08M |
| IFT | 4.18 | +0.00 | +0.00% | 88.62M |
| IFSM | 31.41 | +0.43 | +1.39% | |
| IFSIA | 12.79 | -0.06 | -0.47% | 840.78M |
| LTS | 1.46 | -0.01 | -0.68% | 270.61M |
| LTRX | 2.08 | +0.01 | +0.48% | 22.01M |