Interpublic Group of Companies (IPG)
Interpublic Group of Companies Tangible Common Equity Ratio: -15.13%
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IPG Tangible Common Equity Ratio Rankings
| Overall | 90th percentile | 438 of 4385 |
| Sector | 82nd percentile | 150 of 853 in Services |
| Industry | 66th percentile | 4 of 12 in Advertising Agencies |
IPG Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -21.07% | Mar 2009 |
| Maximum | -10.54% | Dec 2010 |
| Average | -15.41% |
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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IPG News
May 21, 10:40AM Street Insider
about 9 days ago by laughing_stock
about 11 days ago by Street_Insider
May 16, 4:20PM Thomson Reuters ONE
May 10, 10:00AM Thomson Reuters ONE
May 02, 10:00AM PR Newswire
Apr 30, 9:00AM Business Wire
Apr 26, 1:40PM Seeking Alpha
about 33 days ago by earningscast
about 34 days ago by Attitrade
Apr 18, 10:54AM PR Newswire
Apr 17, 11:35AM PR Newswire
about 59 days ago by jackdamn
about 93 days ago by Stocktrader45
about 95 days ago by TradeBot
about 95 days ago by earningscast
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| IPG | 10.99 | +0.25 | +2.33% | 4.791B |
| INTC | 26.12 | +0.38 | +1.48% | 128.60B |
| INT | 38.15 | +0.26 | +0.69% | 2.696B |
| INSP | 12.88 | +0.25 | +1.98% | 502.30M |
| INSM | 2.97 | -0.01 | -0.34% | 74.08M |
| HBOS | 12.26 | -0.09 | -0.73% | |
| HBNC | 25.10 | -0.15 | -0.59% | 125.49M |
| HBIO | 3.60 | +0.00 | +0.00% | 103.50M |
| HBI | 27.89 | +0.84 | +3.11% | 2.639B |
| HBHC | 30.48 | +0.76 | +2.56% | 2.549B |
