Luna Innovations (LUNA)
Luna Innovations Tangible Common Equity Ratio: 46.26%
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LUNA Tangible Common Equity Ratio Rankings
| Overall | 40th percentile | 2630 of 4391 |
| Sector | 36th percentile | 540 of 852 in Services |
| Industry | 50th percentile | 6 of 12 in Research Services |
LUNA Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -129.2% | Sep 2009 |
| Maximum | 53.55% | Jun 2007 |
| Average | 16.39% |
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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LUNA News
May 09, 8:56PM Seeking Alpha
May 09, 4:32PM Street Insider
May 02, 3:30PM Business Wire
about 44 days ago by RecogniaEvents
Apr 12, 9:16AM Business Wire
Mar 08, 8:53PM Seeking Alpha
Mar 08, 4:20PM Street Insider
Mar 08, 4:20PM Street Insider
Mar 08, 4:15PM Business Wire
about 85 days ago by RecogniaEvents
Mar 01, 3:30PM Business Wire
about 184 days ago by Benzinga
about 184 days ago by Street_Insider
Nov 28, 11:57AM Street Insider
Nov 14, 6:34PM Seeking Alpha
Nov 04, 3:43PM Business Wire
Oct 24, 9:02AM Wall St. Cheat Sheet
Aug 09, 4:01PM Street Insider
about 418 days ago by danshep55
about 422 days ago by abubnic
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| LUNA | 1.61 | +0.01 | +0.62% | 22.08M |
| LULU | 72.96 | -1.61 | -2.16% | 8.155B |
| LUK | 20.80 | -0.68 | -3.14% | 5.254B |
| LOW | 27.00 | -0.49 | -1.78% | 32.96B |
| LOV | 5.01 | -0.06 | -1.18% | 104.39M |
| LORL | 60.20 | -1.09 | -1.78% | 1.293B |
| LOR | 10.70 | -0.12 | -1.16% | |
| LOPE | 18.13 | -0.85 | -4.48% | 854.29M |
| LOOP | 19.17 | +0.00 | +0.00% | 675.55M |
| LLY | 41.00 | -0.30 | -0.73% | 47.92B |
