Communications Systems (JCS)
Communications Systems Tangible Common Equity Ratio: 85.65%
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JCS Tangible Common Equity Ratio Rankings
| Overall | 6th percentile | 4114 of 4385 |
| Sector | 9th percentile | 734 of 814 in Technology |
| Industry | 17th percentile | 51 of 62 in Communication Equipment |
JCS Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 81.62% | Sep 2008 |
| Maximum | 87.74% | Jun 2007 |
| Average | 83.56% |
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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JCS News
May 22, 4:37PM Street Insider
about 20 days ago by rwchristensen
May 09, 12:26PM Marketwire
about 49 days ago by RecogniaEvents
about 50 days ago by MarketBrief
about 78 days ago by DynamicDividend
Mar 12, 4:28PM Street Insider
Mar 12, 4:18PM Benzinga
Mar 12, 2:26PM Marketwire
about 167 days ago by DynamicDividend
Dec 01, 4:15PM Street Insider
Nov 07, 9:00AM Marketwire
Sep 22, 11:40AM Marketwire
Sep 21, 3:00PM PR Newswire
about 302 days ago by Ajtandon1
about 306 days ago by ycharts
about 355 days ago by DynamicDividend
about 446 days ago by DynamicDividend
about 501 days ago by moteltan
about 557 days ago by goodlett
about 1272 days ago by JackRyanBauer
about 1308 days ago by TradeIdeas
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| JCS | 10.94 | -0.01 | -0.09% | 92.75M |
| JCP | 28.01 | -0.07 | -0.25% | 6.130B |
| JCOM | 24.56 | +0.25 | +1.03% | 1.172B |
| JCI | 31.26 | +0.72 | +2.36% | 20.79B |
| JCDA | 1.50 | +0.00 | +0.00% | 6.24M |
| JBT | 14.30 | +0.21 | +1.49% | 407.62M |
| JBSS | 14.68 | +0.59 | +4.19% | 150.90M |
| JBLU | 4.72 | -0.03 | -0.63% | 1.340B |
| HR | 22.13 | +0.48 | +2.22% | 1.687B |
| HQL | 14.30 | +0.28 | +2.00% |