DealerTrack (TRAK)
DealerTrack Tangible Common Equity Ratio: 45.42%
View TRAK 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
TRAK Tangible Common Equity Ratio Rankings
| Overall | 40th percentile | 2589 of 4388 |
| Sector | 57th percentile | 346 of 815 in Technology |
| Industry | 46th percentile | 44 of 83 in Application Software |
TRAK Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 45.42% | Mar 2012 |
| Maximum | 87.78% | Mar 2008 |
| Average | 74.96% |
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 TRAK related companies
TRAK News
about 15 days ago by StockTwits
about 18 days ago by StockTwits50
about 24 days ago by ivanhoff
about 24 days ago by earningscast
about 30 days ago by ABtrader
about 32 days ago by MarketBrief
Apr 11, 4:05PM PR Newswire
about 67 days ago by RecogniaEvents
Feb 28, 10:28PM PR Newswire
about 95 days ago by Benzinga
Feb 27, 4:03PM Benzinga
about 97 days ago by STNet
about 99 days ago by StockTwits50
about 101 days ago by earningscast
Feb 21, 4:29PM Wall St. Cheat Sheet
Feb 21, 4:05PM PR Newswire
Feb 03, 3:00PM PR Newswire
Feb 03, 9:00AM PR Newswire
Feb 01, 9:07AM theflyonthewall.com
Jan 17, 4:05PM PR Newswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| TRAK | 25.75 | -1.55 | -5.68% | 1.145B |
| TCB | 10.99 | -0.80 | -6.79% | 1.910B |
| TCAP | 19.98 | -0.36 | -1.77% | 553.45M |
| TC | 3.44 | +0.01 | +0.29% | 576.51M |
| TBT | 14.74 | -0.71 | -4.60% | |
| TBOW | 1.22 | +0.02 | +1.67% | |
| TBI | 13.84 | -1.11 | -7.42% | 596.21M |
| TBET | 1.29 | +0.00 | +0.00% | 19.16M |
| TBBK | 8.66 | -0.43 | -4.73% | 300.88M |
| TAYC | 14.11 | -0.77 | -5.17% | 423.04M |
