Ocwen Financial Corporation (OCN)
Ocwen Financial Corporation Tangible Common Equity Ratio: 25.85%
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OCN Tangible Common Equity Ratio Rankings
| Overall | 61st percentile | 1709 of 4391 |
| Sector | 32nd percentile | 587 of 870 in Financial |
| Industry | 1st percentile | 74 of 75 in Savings & Loans |
OCN Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 13.67% | Sep 2011 |
| Maximum | 45.73% | Mar 2010 |
| Average | 26.32% |
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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OCN News
about 15 days ago by hermosura10
about 15 days ago by hermosura10
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about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
May 03, 6:45AM GlobeNewswire
Apr 18, 2:21PM GlobeNewswire
Mar 19, 1:38PM The Wall Street Journal
Mar 15, 7:53AM Street Insider
Mar 15, 7:51AM GlobeNewswire
Mar 07, 12:44PM GlobeNewswire
Mar 01, 8:15PM BusinessWeek
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| OCN | 16.06 | -0.03 | -0.19% | 2.092B |
| OCLS | 0.7309 | -0.03 | -3.83% | 22.06M |
| OCLRD | 2.51 | -0.13 | -4.92% | |
| OCLR | 2.51 | -0.13 | -4.92% | 135.85M |
| OCFC | 14.15 | -0.28 | -1.94% | 267.97M |
| OCC | 2.66 | -0.20 | -6.99% | 17.90M |
| OC | 30.72 | -1.21 | -3.79% | 3.879B |
| OBT | 4.50 | +0.20 | +4.65% | 13.03M |
| OBCI | 2.14 | +0.00 | +0.00% | 17.36M |
| OBAS | 1.21 | +0.00 | +0.00% | 23.06M |