inContact (SAAS)
inContact Tangible Common Equity Ratio: 56.43%
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SAAS Tangible Common Equity Ratio Rankings
| Overall | 30th percentile | 3057 of 4390 |
| Sector | 46th percentile | 437 of 815 in Technology |
| Industry | 30th percentile | 58 of 83 in Application Software |
SAAS Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 6.88% | Sep 2009 |
| Maximum | 71.78% | Jun 2011 |
| Average | 34.08% |
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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SAAS News
about 5 hours ago by Zachlehner
May 24, 8:30AM PR Newswire
May 14, 8:30AM PR Newswire
May 10, 8:00AM PR Newswire
about 29 days ago by RecogniaEvents
May 01, 8:00AM PR Newswire
about 35 days ago by chartseer
Mar 22, 7:00AM PR Newswire
about 72 days ago by TheEquitiesRoom
about 72 days ago by TheEquitiesRoom
Mar 08, 7:00AM PR Newswire
Mar 07, 7:00AM PR Newswire
Mar 05, 7:00AM PR Newswire
Feb 27, 4:34PM Wall St. Cheat Sheet
Feb 16, 9:00AM PR Newswire
Feb 09, 9:00AM PR Newswire
about 115 days ago by chartly
about 115 days ago by STNet
about 135 days ago by chessNwine
Jan 17, 9:00AM Business Wire
Jan 11, 7:00AM Business Wire
about 142 days ago by chessNwine
Jan 10, 9:00AM Business Wire
Jan 05, 9:00AM Business Wire
about 178 days ago by chessNwine
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SAAS | 5.20 | +0.15 | +2.97% | 220.68M |
| SA | 15.14 | -0.17 | -1.11% | 664.91M |
| S | 2.55 | -0.03 | -1.16% | 7.733B |
| RZV | 35.66 | -0.28 | -0.78% | |
| RYU | 55.01 | +0.46 | +0.84% | |
| RYN | 42.92 | +0.07 | +0.16% | 5.247B |
| RYJ | 21.74 | +0.11 | +0.50% | |
| RYAAY | 30.70 | +0.25 | +0.82% | 8.915B |
| RIMM | 10.28 | -0.07 | -0.69% | 5.426B |
| RIMG | 7.68 | -0.06 | -0.78% | 78.95M |
