VisionChina Media (VISN)
VisionChina Media Tangible Common Equity Ratio: 43.75%
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VISN Tangible Common Equity Ratio Rankings
| Overall | 42nd percentile | 2519 of 4388 |
| Sector | 39th percentile | 520 of 856 in Services |
| Industry | 33rd percentile | 8 of 12 in Advertising Agencies |
VISN Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 3.97% | Jun 2010 |
| Maximum | 95.42% | Mar 2008 |
| Average | 55.85% |
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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VISN News
May 22, 5:00PM PR Newswire
May 15, 6:58AM Street Insider
May 09, 2:25AM Seeking Alpha
May 08, 6:02PM Street Insider
Apr 30, 7:00PM PR Newswire
about 35 days ago by MilionCapital
Mar 14, 1:22PM Seeking Alpha
Mar 13, 6:00PM PR Newswire
Mar 02, 6:48AM PR Newswire
about 95 days ago by InTheMoneyStocks
about 120 days ago by treenhome
Dec 30, 7:39AM Street Insider
Dec 29, 5:49AM PR Newswire
Dec 05, 8:16AM Marketwire
Nov 23, 6:07AM PR Newswire
Nov 16, 9:02AM FlyOnTheWall
Nov 16, 7:59AM FlyOnTheWall
Nov 15, 2:28PM PR Newswire
Nov 15, 3:34AM Seeking Alpha
Nov 14, 5:06PM Street Insider
Nov 10, 6:43AM PR Newswire
Nov 07, 9:22AM PR Newswire
Nov 07, 9:00AM PR Newswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| VISN | 0.98 | +0.02 | +2.08% | 98.16M |
| VGR | 16.42 | -0.18 | -1.08% | 1.319B |
| VGEM | 18.07 | +0.00 | +0.00% | |
| VG | 1.71 | -0.12 | -6.56% | 412.90M |
| VFL | 13.79 | +0.13 | +0.95% | |
| VFH | 28.73 | -1.07 | -3.59% | |
| VFC | 134.35 | -6.69 | -4.74% | 15.71B |
| VEU | 37.65 | -0.82 | -2.13% | |
| VELT | 6.77 | -0.53 | -7.26% | 451.07M |
| VECO | 33.40 | -1.28 | -3.69% | 1.345B |
