Morgans Hotel Group (MHGC)
Morgans Hotel Group Tangible Common Equity Ratio: -47.84%
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MHGC Tangible Common Equity Ratio Rankings
| Overall | 95th percentile | 219 of 4391 |
| Sector | 90th percentile | 85 of 852 in Services |
| Industry | 86th percentile | 2 of 15 in Lodging |
MHGC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -47.84% | Mar 2012 |
| Maximum | 11.98% | Sep 2007 |
| Average | -12.52% |
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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MHGC News
about 30 days ago by earningscast
Apr 11, 4:30PM PR Newswire
about 75 days ago by RecogniaEvents
about 93 days ago by earningscast
Feb 28, 4:34PM Street Insider
Feb 27, 8:00AM Street Insider
Feb 08, 4:30PM PR Newswire
Dec 02, 5:45AM FlyOnTheWall
Dec 01, 4:36PM Benzinga
Dec 01, 4:34PM FlyOnTheWall
about 182 days ago by MarketBrief
about 183 days ago by MarketBrief
about 185 days ago by MarketBrief
about 190 days ago by MarketBrief
Nov 17, 4:31PM Benzinga
about 316 days ago by SharePlanner
about 429 days ago by jaythetrader
about 434 days ago by jaythetrader
about 507 days ago by rigeltrader
about 557 days ago by markmandy54
about 574 days ago by blackmarkt
about 583 days ago by flare9x
about 583 days ago by blackmarkt
about 583 days ago by blackmarkt
about 584 days ago by gtotoy
about 584 days ago by 1nvestor
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| MHGC | 4.45 | -0.06 | -1.33% | 137.02M |
| MHF | 8.22 | -0.04 | -0.48% | |
| MGYR | 4.00 | -0.15 | -3.61% | 23.16M |
| MGV | 39.11 | -0.55 | -1.39% | |
| MGT | 4.80 | -0.05 | -1.03% | 10.13M |
| MGRC | 24.95 | -0.40 | -1.58% | 614.27M |
| MGPI | 3.37 | -0.13 | -3.71% | 60.36M |
| MGN | 1.408 | +0.01 | +0.57% | 40.47M |
| MGM | 10.92 | -0.25 | -2.24% | 5.338B |
| MGLN | 41.83 | -0.55 | -1.30% | 1.137B |