Mitcham Industries (MIND)
Mitcham Industries Tangible Common Equity Ratio: 77.38%
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MIND Tangible Common Equity Ratio Rankings
| Overall | 12th percentile | 3850 of 4391 |
| Sector | 5th percentile | 802 of 852 in Services |
| Industry | 0th percentile | 25 of 25 in Rental & Leasing Services |
MIND Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 61.47% | Apr 2011 |
| Maximum | 83.18% | Jul 2011 |
| Average | 73.64% |
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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MIND News
about 12 hours ago by MarketBrief
May 23, 4:15PM PR Newswire
about 17 days ago by stocktherapy
about 21 days ago by stocktherapy
about 30 days ago by harmongreg
about 43 days ago by RecogniaEvents
about 56 days ago by purecharger
Apr 05, 8:20AM Marketwire
about 57 days ago by TradeBot
about 57 days ago by 1nvestor
Dec 19, 7:10AM PR Newswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| MIND | 18.75 | -0.91 | -4.63% | 244.18M |
| MIN | 6.43 | +0.02 | +0.31% | |
| MIM | 32.50 | -0.46 | -1.40% | 1.546B |
| MEN | 11.78 | +0.02 | +0.17% | |
| MEMS | 2.25 | -0.04 | -1.75% | 54.94M |
| MELI | 73.80 | -0.33 | -0.45% | 3.272B |
| MELA | 2.55 | -0.06 | -2.30% | 79.14M |
| MEI | 7.45 | -0.13 | -1.72% | 280.61M |
| MEG | 3.49 | -0.17 | -4.64% | 85.42M |
| MEDW | 14.33 | -0.21 | -1.44% | 119.08M |
