Rush Enterprises (RUSHA)
Rush Enterprises Tangible Common Equity Ratio: 22.58%
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RUSHA Tangible Common Equity Ratio Rankings
| Overall | 63rd percentile | 1585 of 4390 |
| Sector | 61st percentile | 327 of 855 in Services |
| Industry | 46th percentile | 7 of 13 in Auto Dealerships |
RUSHA Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 22.58% | Mar 2012 |
| Maximum | 34.72% | Sep 2009 |
| Average | 29.76% |
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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RUSHA News
May 17, 9:23AM Street Insider
about 37 days ago by TradeIdeasQuant
Apr 24, 5:16PM Benzinga
Apr 11, 4:27PM GlobeNewswire
Feb 14, 5:34PM GlobeNewswire
about 116 days ago by TraderFoxxx
Feb 03, 10:41AM GlobeNewswire
about 120 days ago by Kbran
about 477 days ago by GrowthStockInvestor
about 477 days ago by GrowthStockInvestor
about 546 days ago by NASDAQ
about 737 days ago by LeakTheNews
about 742 days ago by AlacraPulse
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| RUSHA | 16.57 | +0.11 | +0.67% | 624.99M |
| RUE | 26.48 | -0.76 | -2.79% | 666.84M |
| RTR | 29.89 | +0.08 | +0.27% | |
| RTLX | 20.38 | -0.01 | -0.05% | 499.35M |
| RTL | 32.20 | +0.15 | +0.48% | |
| RTK | 1.88 | +0.05 | +2.73% | 418.00M |
| RTIX | 3.59 | +0.02 | +0.56% | 198.49M |
| RTI | 20.99 | -0.81 | -3.72% | 658.36M |
| RTEC | 8.62 | -0.08 | -0.92% | 277.62M |
| RT | 7.18 | +0.01 | +0.14% | 457.30M |
