Mac-Gray Corporation (TUC)
Mac-Gray Corporation Tangible Common Equity Ratio: -73.15%
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TUC Tangible Common Equity Ratio Rankings
| Overall | 96th percentile | 137 of 4390 |
| Sector | 93rd percentile | 53 of 855 in Services |
| Industry | 75th percentile | 2 of 8 in Consumer Services |
TUC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -91.13% | Jun 2010 |
| Maximum | -39.24% | Jun 2007 |
| Average | -76.70% |
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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TUC News
about 22 days ago by earningscast
Apr 24, 9:00AM PR Newswire
about 59 days ago by gtlackey
Mar 15, 4:51AM Benzinga
Mar 14, 10:05AM PR Newswire
about 85 days ago by earningscast
Mar 08, 8:10AM Street Insider
Mar 08, 8:00AM PR Newswire
Mar 02, 8:30AM PR Newswire
Feb 17, 12:21PM GlobeNewswire
about 134 days ago by valuewalk
about 136 days ago by DynamicDividend
Jan 17, 8:31AM Street Insider
Dec 19, 2:00PM PR Newswire
about 302 days ago by Benzinga
about 498 days ago by DynamicDividend
about 621 days ago by candlestickpick
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| TUC | 12.39 | -0.15 | -1.20% | 181.45M |
| TU | 56.69 | +0.88 | +1.58% | 8.360B |
| TSTC | 1.79 | -0.03 | -1.65% | 22.44M |
| TST | 1.63 | +0.06 | +3.82% | 50.77M |
| TSS | 23.27 | -0.23 | -0.98% | 4.439B |
| TSRX | 5.13 | +0.12 | +2.40% | 193.19M |
| TSRI | 4.24 | +0.00 | +0.00% | 8.438M |
| TSRA | 13.59 | -0.10 | -0.73% | 709.83M |
| TSPT | 7.08 | -0.02 | -0.28% | 98.69M |
| TSON | 2.93 | -0.05 | -1.68% | 81.20M |
