Neutral Tandem (TNDM)
Neutral Tandem Tangible Common Equity Ratio: 79.08%
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TNDM Tangible Common Equity Ratio Rankings
| Overall | 10th percentile | 3907 of 4388 |
| Sector | 19th percentile | 660 of 815 in Technology |
| Industry | 11th percentile | 30 of 34 in Wireless Communications |
TNDM Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 4.93% | Sep 2007 |
| Maximum | 94.88% | Jun 2010 |
| Average | 83.23% |
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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TNDM News
May 14, 9:00AM Marketwire
about 23 days ago by Toptick7
about 73 days ago by Toptick7
about 73 days ago by Toptick7
about 73 days ago by Toptick7
Feb 02, 11:58AM GlobeNewswire
Jan 19, 2:11PM GlobeNewswire
Jan 05, 12:55PM GlobeNewswire
about 196 days ago by MarketBrief
Nov 07, 8:00AM GlobeNewswire
Oct 25, 10:19AM GlobeNewswire
about 304 days ago by dpinsen
about 368 days ago by szaman
about 395 days ago by txbondman
about 442 days ago by BabyTrader
Jun 12, 12:00AM Zacks
Apr 30, 12:00AM Zacks
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| TNDM | 13.57 | +0.13 | +0.97% | 426.71M |
| TNC | 40.94 | -1.26 | -2.99% | 797.58M |
| TNB | 71.99 | +0.00 | +0.00% | 3.758B |
| STD | 5.345 | +0.03 | +0.47% | 47.40B |
| STC | 13.50 | -0.33 | -2.39% | 267.33M |
| STB | 6.55 | -0.07 | -1.06% | |
| STAN | 18.62 | -0.39 | -2.05% | 296.94M |
| STAA | 8.24 | -0.25 | -2.94% | 307.34M |
| ST | 30.01 | -0.70 | -2.28% | 5.419B |
| SSYS | 44.43 | -3.09 | -6.50% | 1.012B |