The McClatchy Company (MNI)
The McClatchy Company Tangible Common Equity Ratio: -105.7%
View MNI Tangible Common Equity Ratio with YCharts Pro.
Access these YCharts Pro features:
Export any data you want
Save any chart as an image
Utilize advanced screener power
View 30 years of financial history
over 90 advanced calculations
Enjoy an advertising free experience
MNI Tangible Common Equity Ratio Rankings
| Overall | 97th percentile | 88 of 4390 |
| Sector | 94th percentile | 44 of 855 in Services |
| Industry | 77th percentile | 2 of 9 in Publishing - Newspapers |
MNI Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -105.7% | Mar 2012 |
| Maximum | -68.48% | Dec 2007 |
| Average | -93.72% |
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.
Learn More
You may also be interested in these MNI related companies
MNI News
May 31, 12:11AM Benzinga
May 24, 6:29PM PR Newswire
about 36 days ago by TradeBot
about 38 days ago by TradeIdeasQuant
about 59 days ago by MarketBrief
about 62 days ago by amitp_gupta
about 70 days ago by bradloncar
about 73 days ago by ycharts
about 100 days ago by LTbioinvestor
about 114 days ago by MichaelKudrna
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| MNI | 2.19 | -0.02 | -0.91% | 187.05M |
| MNE | 15.25 | +0.14 | +0.89% | |
| MNDO | 1.70 | -0.01 | -0.58% | 31.84M |
| MKTX | 32.33 | -0.11 | -0.34% | 1.164B |
| MKTG | 10.34 | -0.01 | -0.10% | 490.53M |
| MKTAY | 33.29 | -0.83 | -2.43% | 4.549B |
| MKSI | 26.17 | -0.26 | -0.98% | 1.375B |
| MKL | 434.25 | -1.00 | -0.23% | 4.191B |
| MKC | 56.57 | -0.77 | -1.34% | 7.501B |
| MJN | 81.65 | -1.81 | -2.17% | 16.63B |
