Ion Geophysical Corporation (IO)
Ion Geophysical Corporation Tangible Common Equity Ratio: 39.08%
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IO Tangible Common Equity Ratio Rankings
| Overall | 47th percentile | 2325 of 4391 |
| Sector | 62nd percentile | 306 of 813 in Technology |
| Industry | 72nd percentile | 15 of 54 in Scientific & Technical Instruments |
IO Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -6.12% | Dec 2009 |
| Maximum | 48.86% | Dec 2007 |
| Average | 26.44% |
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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IO News
about 14 days ago by MarketBrief
about 16 days ago by TradeIdeasQuant
May 05, 8:26AM Seeking Alpha
May 03, 1:00PM The Wall Street Journal
about 27 days ago by earningscast
Mar 27, 7:09AM CNW Group
about 75 days ago by RecogniaEvents
about 76 days ago by Contrarius
about 77 days ago by MicroInsider
about 96 days ago by jamiemc101
about 98 days ago by jamiemc101
Feb 21, 7:04AM Benzinga
about 103 days ago by ratsters
Feb 16, 3:35PM Seeking Alpha
about 104 days ago by earningscast
about 104 days ago by TradeIdeasQuant
Feb 15, 4:33PM Street Insider
about 105 days ago by Benzinga
Feb 13, 4:15PM PR Newswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| IO | 6.05 | -0.34 | -5.32% | 994.22M |
| INXN | 16.88 | -0.48 | -2.76% | 1.148B |
| INWK | 11.76 | -0.05 | -0.42% | 555.54M |
| INVE | 1.35 | -0.02 | -1.46% | 78.93M |
| INV | 0.80 | -0.00 | -0.01% | 12.03M |
| INUV | 0.68 | +0.00 | +0.00% | 15.72M |
| INTX | 11.84 | +0.09 | +0.77% | 206.21M |
| INTU | 55.93 | -0.70 | -1.24% | 16.70B |
| INTT | 3.20 | -0.07 | -2.08% | 33.95M |
| INTL | 18.43 | -0.69 | -3.61% | 362.90M |
