China Finance Online (JRJC)
China Finance Online Tangible Common Equity Ratio: 56.78%
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JRJC Tangible Common Equity Ratio Rankings
| Overall | 29th percentile | 3071 of 4385 |
| Sector | 45th percentile | 440 of 814 in Technology |
| Industry | 51st percentile | 20 of 41 in Internet Information Providers |
JRJC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 40.07% | Sep 2010 |
| Maximum | 76.22% | Jun 2007 |
| Average | 59.79% |
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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JRJC News
Apr 17, 4:50PM The Wall Street Journal
Apr 16, 6:00PM PR Newswire
about 51 days ago by EPS_MomentuM
about 55 days ago by EPS_MomentuM
Mar 28, 6:00AM PR Newswire
Dec 12, 5:02PM Street Insider
Dec 12, 5:00PM PR Newswire
Dec 02, 6:00AM PR Newswire
Aug 30, 5:01PM Street Insider
Aug 30, 5:00PM PR Newswire
Aug 25, 8:00AM PR Newswire
Aug 03, 4:46PM Wall St. Cheat Sheet
about 335 days ago by StockTiger
about 335 days ago by StockTiger
about 336 days ago by StockTiger
Jun 16, 5:00PM PR Newswire
Jun 09, 8:00AM PR Newswire
about 364 days ago by SharePlanner
about 401 days ago by AnniDayTrades
about 432 days ago by simonyang2008
about 519 days ago by cicyxx
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| JRJC | 1.630 | -0.03 | -1.81% | 35.78M |
| JKI | 74.98 | +0.74 | +1.00% | |
| 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% |