True Religion Apparel (TRLG)
True Religion Apparel Tangible Common Equity Ratio: 84.30%
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TRLG Tangible Common Equity Ratio Rankings
| Overall | 7th percentile | 4068 of 4388 |
| Sector | 4th percentile | 362 of 379 in Consumer Goods |
| Industry | 3rd percentile | 28 of 29 in Textile - Apparel Clothing |
TRLG Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 78.65% | Jun 2008 |
| Maximum | 87.37% | Jun 2007 |
| Average | 84.30% |
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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TRLG News
about 2 days ago by bradloncar
about 7 days ago by WallStreetBean
about 9 days ago by WallStreetBean
May 22, 7:34AM Benzinga
about 13 days ago by bradloncar
about 25 days ago by bradloncar
about 29 days ago by STNet
about 29 days ago by reformedbroker
about 30 days ago by StockTwits
about 30 days ago by WallStreetBean
about 30 days ago by abubnic
about 30 days ago by LukeKramer
May 02, 9:55AM Street Insider
May 02, 9:52AM Street Insider
about 30 days ago by ivanhoff
about 30 days ago by djacome
about 31 days ago by WallStreetBean
about 31 days ago by djacome
about 31 days ago by WallStreetBean
about 31 days ago by theharper
May 01, 5:01PM Street Insider
May 01, 4:00PM Business Wire
Apr 24, 8:23AM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| TRLG | 28.50 | -0.83 | -2.83% | 747.33M |
| TOF | 1.68 | +0.12 | +7.69% | 8.702M |
| TNS | 17.59 | -0.29 | -1.62% | 463.27M |
| TNP | 5.09 | -0.26 | -4.86% | 246.90M |
| TNK | 4.03 | -0.04 | -0.98% | 262.03M |
| TM | 75.03 | -1.86 | -2.42% | 120.55B |
| TLT | 129.53 | +1.93 | +1.51% | |
| TLR | 0.38 | +0.00 | +0.00% | 23.29M |
| TLP | 31.20 | -0.34 | -1.08% | 456.07M |
| TLM | 10.42 | -0.09 | -0.81% | 10.83B |