LeCroy Corporation (LCRY)
LeCroy Corporation Tangible Common Equity Ratio: 51.37%
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LCRY Tangible Common Equity Ratio Rankings
| Overall | 35th percentile | 2845 of 4391 |
| Sector | 51st percentile | 393 of 813 in Technology |
| Industry | 61st percentile | 21 of 54 in Scientific & Technical Instruments |
LCRY Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 5.46% | Jun 2007 |
| Maximum | 51.37% | Mar 2012 |
| Average | 22.41% |
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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LCRY News
May 29, 9:00PM PR Newswire
May 29, 5:45PM Street Insider
May 29, 1:45PM Street Insider
May 29, 10:53AM Street Insider
May 29, 10:46AM Street Insider
May 29, 9:33AM Street Insider
Apr 25, 7:30AM PR Newswire
Apr 18, 4:00PM PR Newswire
about 112 days ago by pssirill34
Jan 26, 4:00PM PR Newswire
Jan 26, 9:57AM Street Insider
about 126 days ago by silverjet2
about 288 days ago by Benzinga
about 448 days ago by DarvasTrader
about 450 days ago by StockTwits
about 450 days ago by howardlindzon
about 456 days ago by DarvasTrader
about 460 days ago by investorentrypoint
about 465 days ago by 1nvestor
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| LCRY | 14.20 | +0.00 | +0.00% | 237.00M |
| LCPBD | 85.35 | +1.33 | +1.58% | |
| LCPAD | 85.46 | +1.02 | +1.21% | |
| LCM | 9.23 | -0.06 | -0.65% | |
| LCI | 4.09 | +0.01 | +0.25% | 115.71M |
| LCC | 12.58 | -0.04 | -0.32% | 2.046B |
| JPM | 33.21 | -0.42 | -1.25% | 128.38B |
| JPG | 12.77 | -0.07 | -0.55% | |
| JOY | 59.37 | -2.95 | -4.73% | 6.675B |
| JOUT | 18.15 | -0.13 | -0.71% | 180.42M |
