Universal Electronics (UEIC)
Universal Electronics Tangible Common Equity Ratio: 60.09%
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UEIC Tangible Common Equity Ratio Rankings
| Overall | 27th percentile | 3192 of 4388 |
| Sector | 26th percentile | 280 of 379 in Consumer Goods |
| Industry | 16th percentile | 10 of 12 in Electronic Equipment |
UEIC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 47.20% | Dec 2010 |
| Maximum | 75.67% | Mar 2008 |
| Average | 65.89% |
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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UEIC News
May 08, 7:00AM Business Wire
May 03, 4:25PM Street Insider
Apr 24, 3:46AM Benzinga
Apr 19, 4:05PM Business Wire
Mar 29, 8:00AM Business Wire
Mar 05, 11:51AM Benzinga
about 99 days ago by earningscast
Feb 23, 4:15PM Street Insider
about 99 days ago by Benzinga
Feb 23, 4:05PM Business Wire
Feb 09, 4:30PM Business Wire
Jan 10, 8:00AM Business Wire
Jan 05, 7:00AM Business Wire
Nov 17, 6:46AM Street Insider
Nov 16, 6:53PM Business Wire
about 211 days ago by Benzinga
about 211 days ago by Street_Insider
Nov 03, 4:06PM Street Insider
Oct 31, 10:42AM Business Wire
Oct 26, 8:00AM Business Wire
about 302 days ago by Benzinga
about 543 days ago by zortrades
about 936 days ago by FibLine
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| UEIC | 12.30 | -0.80 | -6.11% | 195.06M |
| UEC | 2.13 | -0.17 | -7.39% | 173.81M |
| UDRL | 4.53 | -0.10 | -2.16% | 116.81M |
| UBFO | 2.29 | +0.18 | +8.35% | 31.30M |
| UBCP | 8.69 | +0.03 | +0.35% | 46.33M |
| UBA | 17.48 | -0.32 | -1.80% | 530.44M |
| UAN | 19.99 | -0.39 | -1.91% | 1.488B |
| UAL | 24.34 | -0.83 | -3.30% | 8.358B |
| UACL | 13.30 | +0.16 | +1.22% | 204.20M |
| UA | 95.75 | -4.98 | -4.94% | 5.215B |
