LoopNet (LOOP)
LoopNet Tangible Common Equity Ratio: 56.04%
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LOOP Tangible Common Equity Ratio Rankings
| Overall | 30th percentile | 3051 of 4391 |
| Sector | 11th percentile | 771 of 870 in Financial |
| Industry | 23rd percentile | 23 of 30 in Property Management |
LOOP Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 39.91% | Sep 2010 |
| Maximum | 89.49% | Jun 2007 |
| Average | 63.85% |
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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LOOP News
Apr 16, 9:00AM PR Newswire
about 66 days ago by 1nvestor
about 98 days ago by Benzinga
Feb 22, 4:24PM Business Wire
about 116 days ago by InvestProfits
Feb 03, 2:01PM Business Wire
about 147 days ago by TradeIdeasQuant
about 147 days ago by TradeIdeasQuant
about 161 days ago by GlennBusch
about 219 days ago by MarketBrief
about 246 days ago by GlennBusch
about 324 days ago by david_putnam
about 356 days ago by david_putnam
about 391 days ago by livethelife
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| LOOP | 19.17 | +0.00 | +0.00% | 675.55M |
| LLY | 41.00 | -0.30 | -0.73% | 47.92B |
| LLTC | 29.09 | -0.33 | -1.12% | 6.737B |
| LLNW | 2.74 | -0.03 | -1.08% | 288.69M |
| LLL | 67.63 | -0.27 | -0.40% | 6.715B |
| LLEN | 1.59 | -0.10 | -5.92% | 55.60M |
| LL | 29.40 | -0.58 | -1.93% | 840.04M |
| LKQX | 36.28 | +0.75 | +2.11% | 5.345B |
| KERX | 1.65 | -0.05 | -2.94% | 120.73M |
| KEQU | 8.25 | -0.02 | -0.24% | 21.28M |
