Exeter Resource Corporation (XRA)
Exeter Resource Corporation Tangible Common Equity Ratio
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XRA Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -18751% | Dec 2010 |
| Maximum | 98.65% | Jun 2011 |
| Average | -897.4% |
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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XRA News
Jun 01, 2:15PM Street Insider
Jun 01, 11:23AM Street Insider
about 40 days ago by RecogniaEvents
about 60 days ago by Exeter_Resource
about 85 days ago by Exeter_Resource
about 88 days ago by Exeter_Resource
about 123 days ago by TradeIdeasQuant
about 134 days ago by Exeter_Resource
about 135 days ago by Exeter_Resource
about 137 days ago by Exeter_Resource
about 142 days ago by Exeter_Resource
about 184 days ago by SeanBrodrick
about 200 days ago by Exeter_Resource
Sep 13, 6:35AM FlyOnTheWall
Sep 13, 6:31AM Benzinga
about 270 days ago by Tr8r_x
about 270 days ago by fallondpicks
Jul 26, 6:30AM Marketwire
about 331 days ago by 60SecondStocks
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| XRA | 2.04 | +0.22 | +12.09% | 179.23M |
| WF | 27.54 | -0.51 | -1.83% | 7.398B |
| WEYS | 22.67 | -0.69 | -2.95% | 247.78M |
| WEX | 0.552 | +0.00 | +0.00% | 2.042M |
| WETF | 6.56 | -0.12 | -1.80% | 795.60M |
| WESTD | 0.1849 | -0.02 | -9.76% | |
| WEST | 0.1849 | -0.02 | -9.76% | 3.108M |
| WES | 42.46 | -1.63 | -3.70% | 3.854B |
| WERN | 23.38 | -0.96 | -3.94% | 1.703B |
| WEN | 4.67 | +0.08 | +1.74% | 1.821B |