Ladenburg Thalmann Financial Services (LTS)
Ladenburg Thalmann Financial Services Tangible Common Equity Ratio: -81.01%
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LTS Tangible Common Equity Ratio Rankings
| Overall | 97th percentile | 118 of 4391 |
| Sector | 99th percentile | 4 of 870 in Financial |
| Industry | 94th percentile | 1 of 18 in Investment Brokerage - National |
LTS Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -81.01% | Mar 2012 |
| Maximum | 74.90% | Sep 2007 |
| Average | -19.01% |
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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LTS News
May 25, 9:12AM GlobeNewswire
about 14 days ago by RecogniaEvents
about 29 days ago by RecogniaEvents
Apr 24, 5:54PM GlobeNewswire
Apr 19, 9:21AM GlobeNewswire
Apr 16, 8:30AM Business Wire
Mar 26, 5:25PM PR Newswire
about 65 days ago by MicroInsider
Mar 22, 8:53AM PR Newswire
about 82 days ago by RecogniaEvents
Mar 09, 8:03AM GlobeNewswire
about 92 days ago by elysian
about 94 days ago by 1nvestor
Jan 19, 8:00AM Business Wire
about 134 days ago by bradloncar
about 147 days ago by maxbury
about 155 days ago by SmallcapJESUS
about 155 days ago by maxbury
about 175 days ago by TechniCali
about 176 days ago by bradloncar
about 176 days ago by maxbury
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| LTS | 1.45 | -0.02 | -1.36% | 270.61M |
| LPSB | 9.26 | +0.00 | +0.00% | |
| LPS | 23.36 | +0.11 | +0.47% | 1.963B |
| LPR | 3.07 | -0.23 | -6.97% | 280.57M |
| LPNT | 36.97 | -0.68 | -1.81% | 1.813B |
| LPLA | 31.64 | -0.45 | -1.40% | 3.556B |
| LPL | 8.915 | -0.09 | -0.94% | 6.441B |
| LPHI | 2.45 | +0.05 | +2.08% | 44.76M |
| LPH | 1.22 | -0.08 | -6.15% | 131.00M |
| LOW | 26.95 | -0.54 | -1.96% | 32.96B |