Luby's (LUB)
Luby's Tangible Common Equity Ratio: 69.60%
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LUB Tangible Common Equity Ratio Rankings
| Overall | 18th percentile | 3571 of 4391 |
| Sector | 12th percentile | 745 of 852 in Services |
| Industry | 10th percentile | 42 of 47 in Restaurants |
LUB Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 61.44% | Nov 2010 |
| Maximum | 86.39% | Feb 2010 |
| Average | 77.18% |
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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LUB News
about 57 days ago by HankHill
Mar 21, 7:45AM PR Newswire
Mar 02, 12:04PM PR Newswire
Dec 21, 5:48PM Street Insider
Dec 21, 7:45AM PR Newswire
Dec 07, 4:30PM PR Newswire
Nov 10, 7:10AM Street Insider
Nov 09, 7:45AM PR Newswire
Oct 18, 4:22PM PR Newswire
about 480 days ago by StockTwits
about 480 days ago by reformedbroker
about 529 days ago by 1nvestor
about 555 days ago by MOFinancial
about 646 days ago by Legacy_Trades
about 681 days ago by annveena
about 684 days ago by GeoffGannon
about 684 days ago by annveena
about 712 days ago by LeakTheNews
about 712 days ago by robcwv
about 712 days ago by ldrogen
about 798 days ago by millchristian
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| LUB | 5.23 | -0.09 | -1.69% | 149.86M |
| LTXC | 6.95 | -0.10 | -1.42% | 345.52M |
| LTS | 1.45 | -0.02 | -1.36% | 270.61M |
| LPSB | 9.26 | +0.00 | +0.00% | |
| LPS | 23.37 | +0.12 | +0.52% | 1.963B |
| LPR | 3.055 | -0.24 | -7.42% | 280.57M |
| LPNT | 36.92 | -0.73 | -1.94% | 1.813B |
| LPLA | 31.61 | -0.48 | -1.50% | 3.556B |
| LPL | 8.90 | -0.10 | -1.11% | 6.441B |
| LPHI | 2.43 | +0.03 | +1.25% | 44.76M |
