Innospec (IOSP)
Innospec Tangible Common Equity Ratio: 48.24%
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IOSP Tangible Common Equity Ratio Rankings
| Overall | 38th percentile | 2714 of 4391 |
| Sector | 49th percentile | 254 of 507 in Basic Materials |
| Industry | 32nd percentile | 36 of 53 in Specialty Chemicals |
IOSP Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -3.24% | Dec 2009 |
| Maximum | 48.24% | Mar 2012 |
| Average | 22.62% |
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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IOSP News
about 14 days ago by MarketBrief
Apr 10, 8:45AM GlobeNewswire
about 57 days ago by MarketBrief
about 58 days ago by MarketBrief
about 59 days ago by MarketBrief
about 61 days ago by MarketBrief
about 63 days ago by MarketBrief
about 64 days ago by MarketBrief
about 65 days ago by MarketBrief
about 66 days ago by MarketBrief
about 68 days ago by MarketBrief
Feb 27, 8:30AM GlobeNewswire
Jan 19, 8:45AM GlobeNewswire
about 309 days ago by traderengineer
about 330 days ago by StockTwits
about 332 days ago by 1nvestor
about 333 days ago by daytradingzoo
about 341 days ago by marketfolly
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| IOSP | 26.45 | -0.86 | -3.15% | 630.04M |
| IHS | 100.17 | -1.53 | -1.50% | 6.629B |
| IHI | 63.13 | -1.02 | -1.59% | |
| IHG | 22.26 | -0.53 | -2.33% | 6.634B |
| IHF | 61.44 | -0.82 | -1.32% | |
| IHC | 8.96 | +0.15 | +1.70% | 158.67M |
| IGV | 59.73 | -1.06 | -1.74% | |
| IGTE | 16.60 | -0.50 | -2.92% | 971.62M |
| IGT | 13.91 | -0.41 | -2.86% | 4.260B |
| IGR | 7.60 | -0.09 | -1.17% |
