Rodman & Renshaw Capital Group (RODM)
Rodman & Renshaw Capital Group Tangible Common Equity Ratio: 53.19%
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RODM Tangible Common Equity Ratio Rankings
| Overall | 33rd percentile | 2934 of 4390 |
| Sector | 12th percentile | 761 of 872 in Financial |
| Industry | 5th percentile | 17 of 18 in Investment Brokerage - National |
RODM Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -233.3% | Jun 2007 |
| Maximum | 86.37% | Mar 2008 |
| Average | 52.76% |
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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RODM News
May 15, 8:14AM Benzinga
May 15, 8:00AM Business Wire
May 11, 8:00AM Business Wire
Apr 23, 9:30AM GlobeNewswire
Apr 11, 8:35AM Business Wire
Apr 09, 6:02PM Business Wire
Apr 09, 8:30AM Business Wire
Mar 20, 9:21AM Business Wire
Mar 08, 8:00AM Business Wire
Mar 05, 9:15AM Business Wire
about 90 days ago by Urbane_Gorilla
Mar 01, 12:24PM Business Wire
Feb 27, 8:30AM Business Wire
Feb 21, 7:50AM GlobeNewswire
Feb 17, 9:20AM GlobeNewswire
Feb 14, 1:18PM Business Wire
about 120 days ago by sxeworldman
about 314 days ago by LindenCap
about 364 days ago by micstockwell
about 499 days ago by Legacy_Trades
about 499 days ago by Legacy_Trades
about 533 days ago by Legacy_Trades
about 602 days ago by Detroitblues
about 608 days ago by steinhauer
about 625 days ago by steinhauer
about 704 days ago by johnwelshtrades
about 766 days ago by WeeklyTA
about 788 days ago by mjlewis
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| RODM | 0.50 | -0.08 | -13.79% | 19.95M |
| ROCM | 9.95 | +0.00 | +0.00% | 120.40M |
| ROCK | 10.24 | +0.00 | +0.00% | 312.73M |
| ROC | 48.40 | -0.43 | -0.88% | 3.778B |
| RNWKD | 8.72 | -0.09 | -1.02% | |
| RNWK | 8.86 | +0.14 | +1.61% | 301.10M |
| RMBS | 4.805 | +0.10 | +2.23% | 518.88M |
| RLOG | 7.49 | -0.08 | -1.06% | 133.76M |
| RLJ | 17.63 | -0.13 | -0.73% | 1.894B |
| RLI | 66.66 | +0.17 | +0.26% | 1.410B |