The Management Network Group (TMNG)
The Management Network Group Tangible Common Equity Ratio: 72.66%
View TMNG Tangible Common Equity Ratio with YCharts Pro.
Access these YCharts Pro features:
Export any data you want
Save any chart as an image
Utilize advanced screener power
View 30 years of financial history
over 90 advanced calculations
Enjoy an advertising free experience
TMNG Tangible Common Equity Ratio Rankings
| Overall | 16th percentile | 3678 of 4388 |
| Sector | 9th percentile | 772 of 856 in Services |
| Industry | 8th percentile | 21 of 23 in Management Services |
TMNG Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -278.7% | Jun 2007 |
| Maximum | 75.79% | Sep 2011 |
| Average | 46.02% |
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.
Learn More
You may also be interested in these TMNG related companies
TMNG News
about 32 days ago by MarketBrief
Apr 26, 4:05PM GlobeNewswire
Feb 16, 4:56PM GlobeNewswire
Feb 01, 8:00AM GlobeNewswire
Jan 10, 7:38AM Street Insider
Nov 08, 7:00AM GlobeNewswire
Oct 20, 8:00AM GlobeNewswire
Oct 05, 9:00AM GlobeNewswire
Sep 29, 7:00AM GlobeNewswire
Sep 07, 7:00AM GlobeNewswire
Aug 08, 7:00AM GlobeNewswire
Jul 20, 4:05PM GlobeNewswire
about 1012 days ago by fooltoby
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| TMNG | 2.45 | +0.00 | +0.00% | 17.37M |
| TMM | 1.79 | +0.04 | +2.28% | 35.70M |
| TMK | 45.56 | -1.10 | -2.36% | 4.652B |
| TMH | 22.23 | -0.51 | -2.24% | 1.492B |
| TM | 74.81 | -2.08 | -2.71% | 120.55B |
| TLK | 32.87 | +0.31 | +0.95% | 16.41B |
| TLH | 139.95 | +1.70 | +1.23% | |
| TLF | 5.08 | +0.08 | +1.60% | 50.80M |
| TLEO | 45.98 | +0.00 | +0.00% | 1.908B |
| TLB | 2.40 | -0.04 | -1.64% | 171.68M |
