Towerstream Corporation (TWER)
Towerstream Corporation Tangible Common Equity Ratio: 89.53%
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TWER Tangible Common Equity Ratio Rankings
| Overall | 3rd percentile | 4241 of 4388 |
| Sector | 4th percentile | 781 of 815 in Technology |
| Industry | 0th percentile | 28 of 28 in Diversified Communication Services |
TWER Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 80.33% | Sep 2009 |
| Maximum | 92.51% | Sep 2011 |
| Average | 86.96% |
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.
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TWER News
May 21, 9:50AM PR Newswire
about 16 days ago by TradeBot
about 21 days ago by TradeBot
about 21 days ago by jwells
about 22 days ago by earningscast
about 25 days ago by jwells
May 01, 8:00AM GlobeNewswire
about 36 days ago by jwells
Apr 26, 8:00AM GlobeNewswire
about 41 days ago by ACInvestorBlog
about 42 days ago by Number1usjoe
Feb 29, 8:00AM GlobeNewswire
Feb 16, 8:00AM GlobeNewswire
Jan 25, 10:48AM GlobeNewswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| TWER | 3.54 | -0.09 | -2.48% | 197.18M |
| TWC | 74.16 | -1.24 | -1.64% | 23.68B |
| TGS | 2.12 | +0.02 | +0.95% | 333.69M |
| TGP | 36.79 | -0.52 | -1.39% | 2.420B |
| TGH | 32.37 | -0.50 | -1.52% | 1.628B |
| TGE | 8.70 | -0.67 | -7.15% | 190.49M |
| TEO | 11.79 | -0.32 | -2.64% | 2.384B |
| TENZ | 88.27 | +0.08 | +0.09% | |
| TEN | 25.57 | -1.58 | -5.82% | 1.641B |
| TELK | 4.13 | -0.45 | -9.83% | 8.290M |
