Jack Henry & Associates (JKHY)
Jack Henry & Associates Tangible Common Equity Ratio: 25.02%
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JKHY Tangible Common Equity Ratio Rankings
| Overall | 62nd percentile | 1662 of 4385 |
| Sector | 75th percentile | 201 of 814 in Technology |
| Industry | 66th percentile | 19 of 56 in Business Software & Services |
JKHY Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -15.04% | Jun 2010 |
| Maximum | 50.11% | Sep 2007 |
| Average | 30.10% |
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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JKHY News
May 01, 5:06PM PR Newswire
May 01, 8:03AM theflyonthewall.com
May 01, 8:00AM PR Newswire
Apr 18, 8:00AM PR Newswire
Apr 17, 8:00AM PR Newswire
Apr 11, 8:00AM PR Newswire
about 50 days ago by Global_Macro
Apr 10, 8:00AM PR Newswire
Apr 03, 8:00AM PR Newswire
Mar 07, 8:00AM PR Newswire
Mar 06, 8:00AM PR Newswire
Feb 24, 4:35PM PR Newswire
Feb 22, 8:00AM PR Newswire
about 103 days ago by MarketBrief
Feb 15, 8:00AM PR Newswire
about 110 days ago by MarketBrief
about 112 days ago by MarketBrief
Feb 07, 8:00AM PR Newswire
about 114 days ago by DynamicDividend
Jan 31, 5:27PM PR Newswire
Jan 26, 8:00AM PR Newswire
Jan 18, 8:00AM PR Newswire
about 163 days ago by Global_Trader
about 181 days ago by chartsmart
about 190 days ago by chartsmarter
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| JKHY | 33.32 | +0.19 | +0.57% | 2.891B |
| JKH | 100.11 | +0.55 | +0.55% | |
| JKG | 92.10 | +1.21 | +1.33% | |
| JKD | 76.11 | +0.94 | +1.25% | |
| JJSF | 55.78 | +0.88 | +1.60% | 1.048B |
| JIVE | 16.84 | -0.46 | -2.66% | 1.035B |
| JHX | 36.15 | +0.00 | +0.00% | 3.148B |
| JHS | 15.57 | -0.07 | -0.45% | |
| JHP | 8.488 | +0.02 | +0.22% | |
| JFP | 2.59 | +0.03 | +1.17% |