International Speedway Corporation (ISCA)
International Speedway Corporation Tangible Common Equity Ratio: 53.14%
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ISCA Tangible Common Equity Ratio Rankings
| Overall | 33rd percentile | 2928 of 4385 |
| Sector | 28th percentile | 611 of 853 in Services |
| Industry | 16th percentile | 5 of 6 in Sporting Activities |
ISCA Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 44.03% | Feb 2009 |
| Maximum | 56.27% | Nov 2010 |
| Average | 51.09% |
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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ISCA News
May 11, 8:58AM PR Newswire
Apr 04, 2:01PM Street Insider
Apr 04, 2:01PM Benzinga
Apr 04, 2:00PM PR Newswire
Apr 04, 1:40PM PR Newswire
Apr 03, 11:20AM Seeking Alpha
about 56 days ago by earningscast
Apr 03, 7:04AM Street Insider
Apr 03, 7:00AM PR Newswire
Mar 22, 9:00AM PR Newswire
about 82 days ago by StockTwits
Feb 25, 9:15AM PR Newswire
Feb 23, 2:14PM PR Newswire
Feb 23, 9:00AM PR Newswire
Feb 21, 9:00AM PR Newswire
Feb 08, 11:30AM PR Newswire
about 124 days ago by earningscast
about 325 days ago by 1nvestor
about 344 days ago by 1nvestor
about 490 days ago by sconsetcapital
about 503 days ago by marcchaikin
about 593 days ago by Minyanville
about 649 days ago by researchpuzzler
about 662 days ago by GeoffGannon
about 688 days ago by OptionRadar
about 838 days ago by dakapbj
about 840 days ago by sconsetcapital
about 859 days ago by Attitrade
about 935 days ago by BHSMITH
about 1006 days ago by PhilsChaos
about 1058 days ago by stockguy22
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ISCA | 23.99 | +0.54 | +2.30% | 1.085B |
| IPSU | 6.34 | -0.01 | -0.16% | 77.60M |
| IPS | 31.32 | +0.04 | +0.13% | |
| IPN | 22.70 | -0.20 | -0.87% | |
| IPK | 22.62 | +0.14 | +0.62% | |
| IPI | 20.26 | +0.55 | +2.79% | 1.482B |
| IPHS | 49.45 | +1.03 | +2.13% | 1.047B |
| IPHI | 8.67 | +0.20 | +2.36% | 238.52M |
| IPGP | 45.71 | +2.87 | +6.70% | 2.163B |
| IPG | 10.99 | +0.25 | +2.33% | 4.791B |