TeleTech (TTEC)
TeleTech Tangible Common Equity Ratio: 58.27%
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TTEC Tangible Common Equity Ratio Rankings
| Overall | 28th percentile | 3120 of 4388 |
| Sector | 23rd percentile | 657 of 856 in Services |
| Industry | 27th percentile | 66 of 91 in Business Services |
TTEC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 49.16% | Sep 2008 |
| Maximum | 73.12% | Sep 2010 |
| Average | 59.89% |
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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TTEC News
May 24, 8:05AM Business Wire
about 30 days ago by earningscast
Apr 13, 10:35AM Street Insider
Apr 02, 8:02AM Benzinga
about 64 days ago by RecogniaEvents
Mar 14, 8:05AM Business Wire
about 93 days ago by TradeBot
about 93 days ago by earningscast
Feb 28, 5:23PM Business Wire
Feb 02, 10:08PM Business Wire
about 165 days ago by Benzinga
about 198 days ago by MarketBrief
about 304 days ago by Benzinga
about 411 days ago by maoxian
about 434 days ago by 1nvestor
about 435 days ago by 1nvestor
about 500 days ago by Sal22Mazzo
about 773 days ago by chartly
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| TTEC | 14.66 | -0.24 | -1.61% | 843.64M |
| TICC | 9.37 | -0.10 | -1.06% | 351.05M |
| TIBX | 26.36 | -0.39 | -1.44% | 4.457B |
| TIBB | 12.75 | -0.59 | -4.42% | 157.46M |
| TI.A | 6.82 | +0.08 | +1.19% | |
| TI | 8.48 | +0.20 | +2.42% | 11.11B |
| THS | 56.60 | -0.41 | -0.72% | 2.050B |
| THRX | 20.14 | -0.55 | -2.66% | 1.782B |
| THR | 19.67 | -0.64 | -3.15% | 599.55M |
| THQI | 0.64 | -0.02 | -3.03% | 45.14M |
