NICE - Systems (NICE)
NICE - Systems Tangible Common Equity Ratio: 48.04%
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NICE Tangible Common Equity Ratio Rankings
| Overall | 38th percentile | 2707 of 4391 |
| Sector | 54th percentile | 367 of 813 in Technology |
| Industry | 52nd percentile | 9 of 19 in Computer Peripherals |
NICE Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 45.87% | Sep 2007 |
| Maximum | 57.89% | Jun 2009 |
| Average | 53.26% |
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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NICE News
May 22, 7:00AM PR Newswire
May 14, 7:00AM PR Newswire
May 11, 8:10AM Street Insider
about 21 days ago by CatalystIR
May 09, 7:07AM Street Insider
about 23 days ago by abubnic
about 23 days ago by abubnic
about 23 days ago by abubnic
about 23 days ago by abubnic
about 23 days ago by abubnic
May 02, 7:00AM PR Newswire
Apr 30, 7:20AM PR Newswire
about 55 days ago by MercenaryNate
about 55 days ago by MercenaryNate
Mar 28, 7:00AM PR Newswire
about 70 days ago by freeswingtrades
Mar 20, 7:00AM PR Newswire
Feb 15, 6:56AM Street Insider
about 132 days ago by chessNwine
about 178 days ago by blenderking
Dec 02, 6:52AM Street Insider
about 203 days ago by stuffandstuff
about 263 days ago by HistorySquared
about 301 days ago by traderwarren
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NICE | 37.05 | -0.65 | -1.72% | 2.330B |
| NETC | 13.06 | -0.20 | -1.51% | 1.518B |
| NEPT | 3.80 | +0.00 | +0.00% | 183.46M |
| NEP | 3.11 | +0.00 | +0.00% | 110.28M |
| NEOG | 38.47 | -0.09 | -0.23% | 907.32M |
| NEN | 27.00 | +0.00 | +0.00% | 85.32M |
| NEM | 47.85 | -0.33 | -0.68% | 23.62B |
| NEI | 0.80 | +0.01 | +1.27% | 33.61M |
| NEE | 65.15 | -0.49 | -0.75% | 27.32B |
| NEBS | 9.78 | -0.71 | -6.77% | 63.99M |
