Union Drilling (UDRL)
Union Drilling Tangible Common Equity Ratio: 55.18%
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UDRL Tangible Common Equity Ratio Rankings
| Overall | 31st percentile | 3005 of 4388 |
| Sector | 40th percentile | 300 of 508 in Basic Materials |
| Industry | 42nd percentile | 37 of 64 in Oil & Gas Drilling & Exploration |
UDRL Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 55.18% | Mar 2012 |
| Maximum | 75.54% | Sep 2009 |
| Average | 66.18% |
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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UDRL News
May 04, 9:40AM Street Insider
Apr 05, 4:05PM PR Newswire
about 86 days ago by Benzinga
Jan 13, 6:00AM PR Newswire
Jan 03, 6:00AM PR Newswire
Nov 01, 7:29AM Street Insider
about 303 days ago by Benzinga
about 318 days ago by Trade4Me
about 362 days ago by mykaljohncox
about 400 days ago by BobtheBuilder
about 413 days ago by elwalvador
about 414 days ago by szaman
about 417 days ago by fallondpicks
about 417 days ago by JoshuaHayes
about 418 days ago by WorstTraderEver
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| UDRL | 4.57 | -0.06 | -1.30% | 116.81M |
| UBFO | 2.29 | +0.18 | +8.35% | 31.30M |
| UBCP | 8.69 | +0.03 | +0.35% | 46.33M |
| UBA | 17.49 | -0.31 | -1.74% | 530.44M |
| UAN | 20.00 | -0.38 | -1.86% | 1.488B |
| UAL | 24.36 | -0.81 | -3.22% | 8.358B |
| UACL | 13.40 | +0.26 | +1.98% | 204.20M |
| UA | 95.58 | -5.15 | -5.11% | 5.215B |
| TZV | 32.50 | -0.49 | -1.49% | |
| TZOO | 22.71 | -0.61 | -2.62% | 372.19M |
