Overland Storage (OVRL)
Overland Storage Tangible Common Equity Ratio: -5.31%
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OVRL Tangible Common Equity Ratio Rankings
| Overall | 87th percentile | 544 of 4391 |
| Sector | 85th percentile | 116 of 813 in Technology |
| Industry | 94th percentile | 1 of 18 in Data Storage Devices |
OVRL Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -19.50% | Sep 2009 |
| Maximum | 54.89% | Jun 2007 |
| Average | 10.67% |
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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OVRL News
May 23, 5:46PM Marketwire
about 16 days ago by MarketBrief
about 20 days ago by MarketBrief
May 03, 6:30AM Marketwire
May 01, 8:35AM Marketwire
Apr 18, 8:41AM theflyonthewall.com
about 47 days ago by RecogniaEvents
Mar 26, 6:13AM Business Wire
Mar 23, 9:09AM Marketwire
Mar 08, 6:30AM Marketwire
Mar 07, 8:35AM Marketwire
Mar 01, 6:30AM Marketwire
Feb 21, 12:43PM Marketwire
Feb 15, 8:46AM Business Wire
Feb 15, 8:35AM Marketwire
Feb 02, 12:55PM Street Insider
Feb 02, 6:30AM Marketwire
about 189 days ago by Benzinga
about 349 days ago by abubnic
about 421 days ago by stt2318
about 499 days ago by noodls_sTech
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| OVRL | 2.12 | +0.00 | +0.00% | 57.56M |
| OVLY | 7.41 | +0.12 | +1.66% | 57.21M |
| OVBC | 20.10 | +0.00 | +0.00% | 81.00M |
| OUTD | 6.46 | -0.17 | -2.56% | 171.12M |
| NYH | 13.97 | +0.17 | +1.26% | |
| NYF | 111.22 | +0.24 | +0.22% | |
| NYC | 69.79 | +0.75 | +1.08% | |
| NYB | 12.42 | -0.36 | -2.82% | 5.606B |
| NY | 62.43 | +0.44 | +0.72% | |
| NXZ | 15.19 | -0.04 | -0.26% |
