21st Century Holding Company (TCHC)
21st Century Holding Company Tangible Common Equity Ratio: 32.31%
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TCHC Tangible Common Equity Ratio Rankings
| Overall | 54th percentile | 2008 of 4388 |
| Sector | 26th percentile | 636 of 871 in Financial |
| Industry | 21st percentile | 62 of 79 in Property & Casualty Insurance |
TCHC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 29.62% | Jun 2011 |
| Maximum | 40.12% | Sep 2008 |
| Average | 34.53% |
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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TCHC News
about 9 days ago by MarketBrief
May 10, 7:09PM Seeking Alpha
May 10, 4:00PM GlobeNewswire
Mar 22, 8:04PM Seeking Alpha
Mar 22, 2:00PM GlobeNewswire
Nov 10, 4:27PM Street Insider
Nov 10, 2:00PM GlobeNewswire
Aug 11, 2:00PM GlobeNewswire
Jul 06, 10:00AM GlobeNewswire
about 500 days ago by shivy1
about 603 days ago by britepathos
about 962 days ago by bearcharts
about 975 days ago by ari5000
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| TCHC | 3.93 | -0.20 | -4.84% | 32.83M |
| TCBK | 14.90 | -0.45 | -2.93% | 245.29M |
| TCBI | 37.49 | -1.29 | -3.33% | 1.465B |
| TCB | 10.99 | -0.80 | -6.79% | 1.910B |
| SYNA | 26.08 | -0.74 | -2.76% | 883.45M |
| SYMX | 1.01 | -0.04 | -3.81% | 53.40M |
| SYMM | 5.38 | -0.07 | -1.28% | 229.28M |
| SYMC | 14.37 | -0.47 | -3.17% | 10.82B |
| SUSS | 29.75 | +0.50 | +1.71% | 612.79M |
| SURW | 21.25 | -0.07 | -0.33% | 305.52M |
