Rpc (RES)
Rpc Tangible Common Equity Ratio: 57.72%
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RES Tangible Common Equity Ratio Rankings
| Overall | 29th percentile | 3103 of 4390 |
| Sector | 37th percentile | 315 of 507 in Basic Materials |
| Industry | 33rd percentile | 28 of 42 in Oil & Gas Equipment & Services |
RES Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 54.12% | Sep 2008 |
| Maximum | 62.04% | Sep 2009 |
| Average | 58.45% |
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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RES News
about 3 hours ago by WallStreetBean
about 5 days ago by Fibline
about 5 days ago by WallStreetBean
about 16 days ago by SCarolinaguy
about 16 days ago by HighGrowthFinancial
about 16 days ago by HighGrowthFinancial
about 16 days ago by HighGrowthFinancial
about 18 days ago by againstmygut
about 20 days ago by CallmeCrazy
about 21 days ago by WallStreetBean
about 21 days ago by WallStreetBean
about 21 days ago by redman59
about 22 days ago by againstmygut
May 09, 1:32PM Street Insider
Apr 19, 5:35PM PR Newswire
Apr 10, 8:45AM PR Newswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| RES | 10.38 | -0.26 | -2.44% | 2.335B |
| RBA | 19.82 | -0.34 | -1.69% | 2.145B |
| RAX | 49.45 | -0.97 | -1.92% | 6.653B |
| RAVN | 66.54 | +0.69 | +1.05% | 1.193B |
| RATE | 17.37 | +0.07 | +0.40% | 1.730B |
| RAS | 4.07 | +0.01 | +0.25% | 202.51M |
| RAND | 3.02 | -0.07 | -2.27% | 21.07M |
| RALS | 36.01 | +0.07 | +0.20% | |
| RAIL | 19.83 | -0.77 | -3.74% | 246.17M |
| RAI | 41.84 | -0.09 | -0.21% | 23.98B |
