Journal Communications (JRN)
Journal Communications Tangible Common Equity Ratio: 32.20%
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JRN Tangible Common Equity Ratio Rankings
| Overall | 54th percentile | 1999 of 4385 |
| Sector | 52nd percentile | 409 of 853 in Services |
| Industry | 22nd percentile | 7 of 9 in Publishing - Newspapers |
JRN Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -9.22% | Jun 2008 |
| Maximum | 36.97% | Sep 2011 |
| Average | 15.57% |
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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JRN News
about 23 days ago by MicroInsider
about 25 days ago by MarketBrief
about 34 days ago by earningscast
about 43 days ago by RecogniaEvents
Mar 27, 9:00AM Business Wire
about 68 days ago by MarketBrief
about 69 days ago by MarketBrief
Mar 07, 9:00AM Benzinga
about 97 days ago by earningscast
Feb 23, 8:00AM Business Wire
Feb 07, 6:57AM Street Insider
Jan 13, 9:00AM Business Wire
about 309 days ago by Benzinga
about 322 days ago by GuruStockTweets
about 436 days ago by Schooz71
about 469 days ago by stt2318
about 469 days ago by 1nvestJB
about 476 days ago by 1nvestJB
about 533 days ago by TheresaMcCabe
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| JRN | 4.27 | -0.01 | -0.23% | 231.65M |
| 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 |
