Tennant Company (TNC)
Tennant Company Tangible Common Equity Ratio: 49.19%
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TNC Tangible Common Equity Ratio Rankings
| Overall | 37th percentile | 2750 of 4388 |
| Sector | 33rd percentile | 212 of 317 in Industrial Goods |
| Industry | 33rd percentile | 36 of 54 in Diversified Machinery |
TNC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 32.55% | Dec 2008 |
| Maximum | 64.02% | Jun 2007 |
| Average | 45.65% |
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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TNC News
May 17, 8:45AM Business Wire
Apr 25, 4:46PM Street Insider
Apr 24, 10:21AM Street Insider
about 39 days ago by TradeBot
about 39 days ago by earningscast
about 45 days ago by billgunderson
Apr 10, 4:30PM Business Wire
about 58 days ago by billgunderson
Mar 21, 9:00AM Business Wire
about 78 days ago by MarketBrief
Feb 22, 2:03PM Street Insider
about 101 days ago by earningscast
about 101 days ago by Benzinga
about 101 days ago by Benzinga
about 204 days ago by DynamicDividend
about 206 days ago by DynamicDividend
about 290 days ago by StockTwits
about 290 days ago by Street_Insider
about 309 days ago by DynamicDividend
about 309 days ago by DynamicDividend
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| TNC | 41.05 | -1.15 | -2.73% | 797.58M |
| TNB | 71.99 | +0.00 | +0.00% | 3.758B |
| STD | 5.34 | +0.02 | +0.38% | 47.40B |
| STC | 13.51 | -0.32 | -2.31% | 267.33M |
| STB | 6.55 | -0.07 | -1.06% | |
| STAN | 18.67 | -0.34 | -1.79% | 296.94M |
| STAA | 8.25 | -0.24 | -2.83% | 307.34M |
| ST | 30.00 | -0.71 | -2.31% | 5.419B |
| SSYS | 44.41 | -3.11 | -6.54% | 1.012B |
| SSY | 0.93 | +0.00 | +0.00% | 8.788M |
