TMS International (TMS)
TMS International Tangible Common Equity Ratio
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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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TMS News
about 29 days ago by earningscast
Mar 12, 4:15PM PR Newswire
Mar 02, 8:30AM PR Newswire
Mar 02, 7:00AM PR Newswire
Mar 01, 4:10PM Benzinga
Mar 01, 4:04PM Street Insider
Mar 01, 4:03PM PR Newswire
Feb 14, 2:15PM PR Newswire
about 108 days ago by earningscast
Feb 14, 8:45AM PR Newswire
Feb 01, 5:15PM PR Newswire
Feb 01, 5:03PM PR Newswire
Dec 21, 10:30AM PR Newswire
Dec 15, 4:10PM PR Newswire
Nov 29, 5:20PM FlyOnTheWall
Nov 29, 5:17PM PR Newswire
about 412 days ago by IPOtweet
about 414 days ago by IPOtweet
about 414 days ago by IPOtweet
about 414 days ago by Street_Insider
about 414 days ago by ivanhoff
about 414 days ago by STawesome
about 414 days ago by Street_Insider
about 415 days ago by IPOtweet
about 820 days ago by DigDugTrader
about 829 days ago by DigDugTrader
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| TMS | 11.10 | -0.37 | -3.23% | |
| TMP | 36.61 | +0.01 | +0.03% | 408.46M |
| TIVO | 8.54 | -0.42 | -4.69% | 1.044B |
| TITN | 30.85 | -1.33 | -4.13% | 668.70M |
| TISI | 26.68 | +0.33 | +1.25% | 518.83M |
| TISA | 3.87 | +0.32 | +9.01% | 38.66M |
| TIS | 16.27 | +0.28 | +1.75% | 120.40M |
| TIPZ | 60.49 | -0.06 | -0.11% | |
| TIP | 121.31 | +0.58 | +0.48% | |
| TINY | 3.53 | +0.11 | +3.22% | 106.02M |