RLI (RLI)
RLI Tangible Common Equity Ratio: 29.34%
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RLI Tangible Common Equity Ratio Rankings
| Overall | 57th percentile | 1858 of 4390 |
| Sector | 30th percentile | 610 of 872 in Financial |
| Industry | 36th percentile | 51 of 80 in Property & Casualty Insurance |
RLI Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 27.25% | Jun 2007 |
| Maximum | 33.47% | Sep 2010 |
| Average | 29.85% |
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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RLI News
May 07, 4:00PM Business Wire
about 28 days ago by DynamicDividend
about 70 days ago by MarketBrief
about 71 days ago by MarketBrief
Jan 23, 4:01PM Street Insider
about 162 days ago by STNet
Dec 15, 4:26PM Business Wire
about 171 days ago by billgunderson
about 178 days ago by Global_Macro
about 196 days ago by DynamicDividend
about 238 days ago by billgunderson
about 392 days ago by DynamicDividend
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| RLI | 66.66 | +0.17 | +0.26% | 1.410B |
| RLH | 8.47 | +0.14 | +1.68% | 160.44M |
| RL | 148.75 | +0.06 | +0.04% | 13.73B |
| PTNR | 4.64 | +0.20 | +4.50% | 691.09M |
| PTN | 0.5999 | -0.01 | -1.64% | 21.29M |
| PTIX | 2.02 | +0.15 | +8.02% | 22.46M |
| PTI | 18.10 | +0.48 | +2.72% | 1.307B |
| PTH | 30.67 | -0.15 | -0.48% | |
| PTGI | 15.83 | +0.56 | +3.67% | 211.03M |
| PRGN | 0.5925 | +0.01 | +2.16% | 34.72M |
