Audiovox Corporation (VOXX)
Audiovox Corporation Tangible Common Equity Ratio: 42.83%
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VOXX Tangible Common Equity Ratio Rankings
| Overall | 43rd percentile | 2475 of 4388 |
| Sector | 40th percentile | 509 of 856 in Services |
| Industry | 50th percentile | 6 of 12 in Electronics Wholesale |
VOXX Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 35.80% | Nov 2011 |
| Maximum | 77.10% | Aug 2007 |
| Average | 64.35% |
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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VOXX News
about 17 days ago by LincolnList
May 15, 4:10PM Seeking Alpha
about 17 days ago by TradeIdeasQuant
about 18 days ago by earningscast
about 18 days ago by TradeBot
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about 18 days ago by strategymizer
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about 18 days ago by nobr3ga
about 18 days ago by strategymizer
about 18 days ago by nobr3ga
about 18 days ago by strategymizer
about 18 days ago by nobr3ga
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May 14, 5:28PM PR Newswire
May 10, 3:30PM PR Newswire
May 07, 12:09PM Street Insider
May 03, 8:30AM PR Newswire
Mar 14, 8:30AM PR Newswire
Feb 07, 9:00AM PR Newswire
Jan 09, 2:00PM PR Newswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| VOXX | 9.56 | -0.30 | -3.04% | 205.19M |
| VOX | 62.61 | -1.55 | -2.42% | |
| VOOV | 55.76 | -1.81 | -3.14% | |
| VOG | 1.74 | -0.13 | -6.95% | 108.18M |
| VOD | 26.78 | -0.01 | -0.04% | 136.24B |
| VOCS | 15.72 | -0.41 | -2.54% | 327.12M |
| UTHR | 43.01 | -1.23 | -2.78% | 2.373B |
| UTG | 25.75 | -0.05 | -0.19% | |
| UTEK | 29.07 | -1.25 | -4.12% | 791.66M |
| UTA | 3.96 | +0.00 | +0.00% | 78.80M |
