JA Solar (JASO)
JA Solar Tangible Common Equity Ratio: 43.47%
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JASO Tangible Common Equity Ratio Rankings
| Overall | 42nd percentile | 2508 of 4391 |
| Sector | 59th percentile | 328 of 813 in Technology |
| Industry | 70th percentile | 9 of 31 in Semiconductor - Specialized |
JASO Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 43.47% | Dec 2011 |
| Maximum | 96.04% | Mar 2008 |
| Average | 65.37% |
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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JASO News
May 30, 8:03AM Street Insider
about 12 days ago by MercenaryMike
May 18, 7:30AM GlobeNewswire
about 13 days ago by Acropolis
about 13 days ago by RiskOnly
about 20 days ago by hoppinjohn
Apr 24, 8:00AM GlobeNewswire
Apr 19, 9:45AM theflyonthewall.com
Apr 18, 8:20AM Marketwire
about 45 days ago by jamiemc101
Mar 27, 6:20AM theflyonthewall.com
Mar 25, 3:13PM Wall St. Cheat Sheet
Mar 21, 7:33AM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| JASO | 0.9463 | -0.03 | -3.44% | 164.53M |
| JAKK | 18.23 | +0.09 | +0.50% | 472.00M |
| IVE | 59.86 | -0.95 | -1.56% | |
| IVD | 0.5801 | +0.00 | +0.00% | 19.95M |
| IVAN | 0.76 | -0.02 | -2.56% | 268.43M |
| IVAC | 7.80 | -0.08 | -1.02% | 183.29M |
| ITW | 55.90 | -1.30 | -2.27% | 27.54B |
| ITUB | 13.93 | -0.35 | -2.45% | 65.26B |
| ITT | 20.52 | -0.39 | -1.84% | 1.984B |
| ITRN | 11.60 | -1.09 | -8.59% | 297.96M |
