Lannett Company (LCI)
Lannett Company Tangible Common Equity Ratio: 71.41%
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LCI Tangible Common Equity Ratio Rankings
| Overall | 17th percentile | 3637 of 4391 |
| Sector | 29th percentile | 353 of 504 in Healthcare |
| Industry | 23rd percentile | 30 of 39 in Drug Manufacturers - Other |
LCI Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 57.02% | Jun 2008 |
| Maximum | 74.63% | Dec 2010 |
| Average | 65.12% |
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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LCI News
about 19 days ago by RecogniaEvents
May 02, 8:05AM Business Wire
about 35 days ago by RecogniaEvents
Mar 06, 8:55AM Business Wire
about 117 days ago by silverjet2
Jan 31, 8:12AM Street Insider
Jan 31, 8:05AM Benzinga
Jan 30, 3:47PM Business Wire
about 121 days ago by silverjet2
Jan 30, 8:16AM Street Insider
about 124 days ago by silverjet2
Jan 04, 11:40AM Benzinga
about 167 days ago by MarketBrief
Dec 12, 2:46PM theflyonthewall.com
Dec 12, 2:44PM Benzinga
Dec 07, 8:00AM Business Wire
Nov 10, 11:20AM Business Wire
Oct 27, 12:24PM Business Wire
Oct 24, 1:40PM Street Insider
Oct 24, 1:36PM FlyOnTheWall
Oct 24, 1:36PM Benzinga
about 246 days ago by Street_Insider
about 261 days ago by MicroInsider
about 317 days ago by CollegeStockTrader
about 338 days ago by msgtretusaf
about 341 days ago by BreakoutTheory
about 341 days ago by TylerTrimbath
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| LCI | 4.09 | +0.01 | +0.25% | 115.71M |
| LCC | 12.67 | +0.05 | +0.40% | 2.046B |
| JPM | 33.20 | -0.43 | -1.28% | 128.38B |
| JPG | 12.77 | -0.07 | -0.55% | |
| JOY | 58.97 | -3.35 | -5.38% | 6.675B |
| JOUT | 18.15 | -0.13 | -0.71% | 180.42M |
| JOSB | 44.74 | -3.05 | -6.38% | 1.330B |
| JOEZ | 1.04 | -0.03 | -2.80% | 69.43M |
| JOE | 16.57 | -0.37 | -2.18% | 1.563B |
| JOBS | 46.11 | -1.09 | -2.31% | 1.337B |