Tandy Leather Factory (TLF)

7.54 +0.04  +0.53%  May 20, 8:00PM

Tandy Leather Factory Tangible Common Equity Ratio

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Tandy Leather Factory Historical Tangible Common Equity Ratio Data

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Dec. 31, 2012 Go Pro
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Sept. 30, 2006 Go Pro
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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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TLF Tangible Common Equity Ratio Benchmarks

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Brown Shoe Company Go Pro
Wolverine World Wide Go Pro
Tandy Brands Accessories Go Pro

TLF Tangible Common Equity Ratio Rankings

 Overall 41st percentile 4671 of 8002 Sector 16th percentile 604 of 725 in Consumer Cyclical Industry 5th percentile 19 of 20 in Footwear & Accessories

TLF Tangible Common Equity Ratio Range, Past 5 Years

 Minimum Go Pro Jun 2010 Maximum Go Pro Jun 2011 Average Go Pro