PAR Technology Corporation (PAR)
PAR Technology Corporation Tangible Common Equity Ratio: 54.17%
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PAR Tangible Common Equity Ratio Rankings
| Overall | 32nd percentile | 2965 of 4390 |
| Sector | 48th percentile | 422 of 815 in Technology |
| Industry | 32nd percentile | 56 of 83 in Application Software |
PAR Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 43.58% | Dec 2008 |
| Maximum | 54.17% | Mar 2012 |
| Average | 48.06% |
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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PAR News
about 35 days ago by MarketBrief
Apr 26, 7:30AM Business Wire
Apr 19, 9:47AM Business Wire
about 62 days ago by MarketBrief
Mar 26, 4:00PM Business Wire
Feb 16, 7:38AM Street Insider
Feb 16, 7:30AM Business Wire
Feb 14, 2:15PM Business Wire
Feb 14, 9:00AM Business Wire
Jan 12, 4:00PM Business Wire
Jan 05, 4:00PM Business Wire
Dec 28, 9:06AM Business Wire
Dec 28, 8:30AM Benzinga
about 339 days ago by tickertutor
about 561 days ago by tradeticket
about 563 days ago by tradeticket
about 580 days ago by tradeticket
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PAR | 5.12 | -0.02 | -0.39% | 77.92M |
| PANL | 28.15 | -1.09 | -3.73% | 1.349B |
| PAM | 4.67 | +0.00 | +0.00% | 245.50M |
| PAL | 2.28 | -0.05 | -2.15% | 379.70M |
| PAGG | 26.92 | -0.24 | -0.89% | |
| PAG | 24.58 | +0.16 | +0.66% | 2.206B |
| PACW | 22.81 | +0.00 | +0.00% | 813.86M |
| PACR | 5.65 | -0.14 | -2.42% | 202.53M |
| PACB | 2.34 | +0.00 | +0.00% | 128.84M |
| OUTD | 6.55 | +0.10 | +1.55% | 166.47M |
