Vector Group (VGR)
Vector Group Tangible Common Equity Ratio: -30.85%
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VGR Tangible Common Equity Ratio Rankings
| Overall | 92nd percentile | 317 of 4388 |
| Sector | 88th percentile | 43 of 379 in Consumer Goods |
| Industry | 28th percentile | 5 of 7 in Cigarettes |
VGR Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -30.85% | Mar 2012 |
| Maximum | 100.0% | Mar 2011 |
| Average | -7.83% |
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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VGR News
May 04, 8:20AM Marketwire
about 86 days ago by ajb_2010
Feb 23, 5:40PM Business Wire
about 185 days ago by traderdigs
about 186 days ago by valuewalk
about 191 days ago by MarketBrief
about 191 days ago by MarketBrief
about 239 days ago by 1nvestor
about 268 days ago by russimussi
about 268 days ago by tradinglicks
about 268 days ago by StockTiger
about 269 days ago by StockTiger
about 269 days ago by sssc
about 269 days ago by ABtrader
about 269 days ago by StockTiger
about 278 days ago by SSTtrader
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| VGR | 16.44 | -0.16 | -0.96% | 1.319B |
| ULE | 21.83 | +0.18 | +0.83% | |
| ULBI | 4.11 | -0.12 | -2.84% | 73.43M |
| UL | 31.06 | -0.52 | -1.65% | 94.11B |
| UKF | 53.75 | -3.33 | -5.83% | |
| UIS | 14.88 | -0.83 | -5.28% | 686.68M |
| UIL | 33.54 | -0.27 | -0.80% | 1.709B |
| UHT | 38.26 | -0.39 | -1.01% | 489.70M |
| UHS | 37.30 | -1.45 | -3.74% | 3.748B |
| UFI | 10.68 | -0.35 | -3.17% | 221.59M |
