THE9 (NCTY)
THE9 Tangible Common Equity Ratio: 72.74%
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NCTY Tangible Common Equity Ratio Rankings
| Overall | 16th percentile | 3688 of 4391 |
| Sector | 27th percentile | 586 of 813 in Technology |
| Industry | 15th percentile | 17 of 20 in Multimedia & Graphics Software |
NCTY Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 72.09% | Jun 2010 |
| Maximum | 86.57% | Sep 2009 |
| Average | 82.36% |
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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NCTY News
about 42 days ago by seagulls8
Apr 13, 10:43AM Seeking Alpha
about 56 days ago by seagulls8
about 57 days ago by seagulls8
Mar 21, 6:05PM Street Insider
Mar 21, 6:00PM PR Newswire
Mar 01, 5:30AM PR Newswire
about 161 days ago by borgwarner
about 167 days ago by borgwarner
about 167 days ago by borgwarner
about 168 days ago by theharper
about 168 days ago by StockSage1
about 177 days ago by ScottKesslerSPCIQ
about 178 days ago by Tradetard
about 180 days ago by ScottKesslerSPCIQ
about 180 days ago by ScottKesslerSPCIQ
about 180 days ago by theharper
about 180 days ago by theharper
about 182 days ago by Tradetard
Nov 28, 5:24AM FlyOnTheWall
Nov 28, 1:00AM PR Newswire
Oct 31, 9:22AM Wall St. Cheat Sheet
Sep 30, 3:15AM PR Newswire
Aug 23, 8:00PM Wall St. Cheat Sheet
Aug 16, 5:30PM PR Newswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NCTY | 4.80 | +0.26 | +5.73% | 105.65M |
| NCT | 6.63 | -0.11 | -1.63% | 708.91M |
| NCS | 9.53 | -0.47 | -4.70% | 204.00M |
| NCO | 16.13 | -0.04 | -0.25% | |
| NCMI | 13.72 | -0.23 | -1.65% | 782.18M |
| MWIV | 93.77 | -0.63 | -0.67% | 1.201B |
| MWE | 49.15 | -1.89 | -3.70% | 5.196B |
| MW | 36.03 | -0.77 | -2.09% | 1.886B |
| MVV | 61.51 | -2.37 | -3.71% | |
| MVT | 17.04 | -0.04 | -0.23% |
