LodgeNet Interactive Corporation (LNET)
LodgeNet Interactive Corporation Tangible Common Equity Ratio: -122.8%
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LNET Tangible Common Equity Ratio Rankings
| Overall | 98th percentile | 71 of 4391 |
| Sector | 95th percentile | 35 of 852 in Services |
| Industry | 90th percentile | 2 of 20 in CATV Systems |
LNET Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -122.8% | Mar 2012 |
| Maximum | -45.08% | Jun 2007 |
| Average | -88.43% |
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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LNET News
May 29, 3:30PM PR Newswire
May 17, 4:45PM Seeking Alpha
May 15, 3:54PM PR Newswire
May 10, 11:30AM PR Newswire
Apr 25, 12:54PM The Wall Street Journal
about 35 days ago by TradeIdeasQuant
about 35 days ago by jamiemc101
Apr 25, 9:26AM Street Insider
about 36 days ago by fallondpicks
about 36 days ago by TheEquitiesRoom
Apr 23, 5:01PM Street Insider
Apr 23, 4:53PM PR Newswire
Apr 18, 2:30PM PR Newswire
Apr 03, 10:16AM PR Newswire
Feb 22, 4:03PM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| LNET | 1.55 | +0.32 | +26.02% | 39.29M |
| LNDC | 7.18 | +0.11 | +1.56% | 183.31M |
| LNCE | 26.25 | +0.61 | +2.38% | 1.781B |
| LNC | 21.73 | +0.46 | +2.16% | 6.331B |
| LNBB | 6.00 | -0.35 | -5.51% | 47.64M |
| LMT | 83.66 | +0.95 | +1.15% | 27.20B |
| LMOS | 8.50 | +0.14 | +1.67% | 180.88M |
| LMNX | 22.93 | +0.15 | +0.66% | 958.47M |
| LMLP | 1.92 | +0.00 | +0.00% | 54.20M |
| LMCB | 85.35 | +1.33 | +1.58% | 847.53M |
