Landstar System (LSTR)
Landstar System Tangible Common Equity Ratio: 35.91%
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LSTR Tangible Common Equity Ratio Rankings
| Overall | 50th percentile | 2181 of 4391 |
| Sector | 48th percentile | 439 of 852 in Services |
| Industry | 60th percentile | 9 of 23 in Trucking |
LSTR Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 25.03% | Dec 2007 |
| Maximum | 43.49% | Jun 2009 |
| Average | 33.33% |
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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LSTR News
about 8 days ago by journalistjosh
May 17, 9:23AM Street Insider
May 17, 8:55AM Benzinga
May 08, 7:50AM PR Newswire
about 33 days ago by sssc
Apr 26, 7:40PM Seeking Alpha
Apr 26, 7:50AM PR Newswire
about 48 days ago by MarketBrief
about 53 days ago by harmongreg
about 58 days ago by ajb_2010
about 66 days ago by harmongreg
about 76 days ago by ajb_2010
about 78 days ago by ajb_2010
Mar 07, 7:50AM PR Newswire
about 84 days ago by 1973Hog
about 85 days ago by ajb_2010
about 86 days ago by Global_Trader
Feb 28, 7:50AM PR Newswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| LSTR | 52.91 | -1.21 | -2.24% | 2.528B |
| LEA | 39.91 | -1.27 | -3.08% | 4.137B |
| LDR | 50.59 | +0.85 | +1.71% | 469.55M |
| LDL | 12.57 | +0.07 | +0.56% | 214.12M |
| LDK | 1.92 | +0.11 | +6.08% | 266.14M |
| LCUT | 11.30 | +0.05 | +0.44% | 139.84M |
| KWR | 42.06 | -0.02 | -0.05% | 543.67M |
| KWK | 4.21 | -0.35 | -7.68% | 781.36M |
| KW | 12.87 | -0.41 | -3.09% | 688.30M |
| KVHI | 9.44 | -0.16 | -1.67% | 140.16M |
