Quantum Corporation (QTM)
Quantum Corporation Tangible Common Equity Ratio: 0.20%
View QTM Tangible Common Equity Ratio with YCharts Pro.
Access these YCharts Pro features:
Export any data you want
Save any chart as an image
Utilize advanced screener power
View 30 years of financial history
over 90 advanced calculations
Enjoy an advertising free experience
QTM Tangible Common Equity Ratio Rankings
| Overall | 85th percentile | 618 of 4390 |
| Sector | 84th percentile | 127 of 815 in Technology |
| Industry | 88th percentile | 2 of 18 in Data Storage Devices |
QTM Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -108.6% | Sep 2008 |
| Maximum | 0.20% | Mar 2012 |
| Average | -64.22% |
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.
Learn More
You may also be interested in these QTM related companies
QTM News
May 21, 8:20AM Marketwire
May 15, 8:00AM Marketwire
May 10, 9:21AM Street Insider
about 22 days ago by Quantum
about 22 days ago by earningscast
May 01, 8:00AM Marketwire
Apr 24, 4:05PM Marketwire
Apr 16, 8:00AM Marketwire
about 51 days ago by TradeIdeasQuant
Mar 29, 4:17PM Benzinga
Mar 29, 4:14PM Marketwire
Mar 28, 5:15PM Marketwire
Mar 28, 12:00PM Marketwire
about 84 days ago by tbrady6
about 104 days ago by TradeBot
about 105 days ago by TradeIdeasQuant
Jan 26, 10:04AM Street Insider
about 126 days ago by TradeIdeasQuant
about 127 days ago by earningscast
about 127 days ago by Benzinga
about 135 days ago by TradeIdeasQuant
about 177 days ago by VexTrades
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| QTM | 1.95 | +0.05 | +2.63% | 445.17M |
| QTEC | 24.28 | -0.23 | -0.94% | |
| QSII | 28.48 | -0.27 | -0.94% | 1.696B |
| QSFT | 25.05 | +0.04 | +0.16% | 2.090B |
| QRM | 1.73 | -0.03 | -1.70% | 108.80M |
| QRE | 16.76 | +0.08 | +0.48% | 476.88M |
| QQQ | 61.88 | -0.45 | -0.72% | |
| QQEW | 24.41 | -0.33 | -1.33% | |
| QPSA | 2.75 | -0.24 | -8.03% | 108.24M |
| PRSC | 13.26 | +0.05 | +0.38% | 171.86M |
