Libbey (LBY)
Libbey Tangible Common Equity Ratio: -26.34%
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LBY Tangible Common Equity Ratio Rankings
| Overall | 92nd percentile | 348 of 4391 |
| Sector | 86th percentile | 51 of 381 in Consumer Goods |
| Industry | 28th percentile | 5 of 7 in Housewares & Accessories |
LBY Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -46.91% | Mar 2009 |
| Maximum | -15.46% | Jun 2008 |
| Average | -28.66% |
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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LBY News
Apr 12, 10:14AM Thomson Reuters ONE
about 55 days ago by MarketBrief
about 60 days ago by RecogniaEvents
about 60 days ago by RecogniaEvents
Mar 23, 11:10AM Thomson Reuters ONE
Jan 26, 1:08PM Thomson Reuters ONE
Dec 14, 4:15PM PR Newswire
about 216 days ago by Benzinga
Oct 13, 10:08AM PR Newswire
about 307 days ago by Benzinga
about 702 days ago by elricadon
about 821 days ago by FibLine
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| LBY | 14.06 | -0.11 | -0.78% | 288.51M |
| LBTYK | 45.84 | +0.39 | +0.86% | |
| LBTYB | 47.50 | -0.52 | -1.08% | 486.40M |
| LBTYA | 47.54 | +0.23 | +0.49% | 12.97B |
| LBJ | 59.58 | +2.32 | +4.05% | |
| LBAI | 9.06 | -0.05 | -0.55% | 243.90M |
| LAZ | 23.39 | +0.29 | +1.26% | 2.974B |
| LAYN | 19.27 | -0.01 | -0.05% | 380.78M |
| LAWS | 9.71 | +0.40 | +4.30% | 83.21M |
| LAS | 2.33 | +0.09 | +4.02% | 68.67M |
