Local.com Corporation (LOCM)
Local.com Corporation Tangible Common Equity Ratio: 22.44%
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LOCM Tangible Common Equity Ratio Rankings
| Overall | 64th percentile | 1576 of 4385 |
| Sector | 76th percentile | 191 of 814 in Technology |
| Industry | 78th percentile | 9 of 41 in Internet Information Providers |
LOCM Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 15.36% | Dec 2009 |
| Maximum | 77.78% | Sep 2007 |
| Average | 45.91% |
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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LOCM News
about a day ago by abubnic
May 24, 7:30AM Business Wire
May 09, 7:30AM Business Wire
May 03, 7:30AM Business Wire
Apr 18, 7:30AM Business Wire
Apr 12, 7:30AM Business Wire
about 51 days ago by micheleciani
Mar 29, 7:30AM Business Wire
about 69 days ago by Tr8r_x
Feb 23, 7:30AM Business Wire
Feb 16, 4:15PM Business Wire
Feb 13, 7:30AM Business Wire
about 111 days ago by TradeIdeas1
Feb 08, 7:30AM Business Wire
about 113 days ago by nelsnyc
Feb 07, 7:35AM Benzinga
Feb 07, 7:30AM Business Wire
about 124 days ago by nelsnyc
about 181 days ago by RedChip
about 184 days ago by AngrySpeculator
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| LOCM | 2.46 | +0.03 | +1.23% | 53.65M |
| LOAN | 1.08 | +0.00 | +0.00% | 4.666M |
| LO | 124.77 | -0.07 | -0.06% | 16.48B |
| LNT | 44.10 | +0.06 | +0.14% | 4.889B |
| KLIC | 10.89 | +0.07 | +0.65% | 797.65M |
| KLD | 57.54 | +0.47 | +0.83% | |
| KLAC | 46.84 | +0.69 | +1.50% | 7.695B |
| KKR | 12.17 | +0.47 | +4.02% | 2.711B |
| KKD | 6.58 | +0.10 | +1.54% | 441.29M |
| KITD | 3.76 | +0.21 | +5.92% | 164.51M |
