Yucheng Technologies (YTEC)
Yucheng Technologies Tangible Common Equity Ratio: 60.59%
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YTEC Tangible Common Equity Ratio Rankings
| Overall | 26th percentile | 3211 of 4387 |
| Sector | 42nd percentile | 469 of 814 in Technology |
| Industry | 29th percentile | 40 of 57 in Business Software & Services |
YTEC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 46.23% | Dec 2007 |
| Maximum | 74.65% | Jun 2007 |
| Average | 56.99% |
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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YTEC News
May 21, 6:40AM Street Insider
about 107 days ago by ChinaStocksNews
about 108 days ago by Benzinga
Feb 15, 6:00AM PR Newswire
Nov 10, 6:53AM Street Insider
Aug 10, 7:37AM Street Insider
about 297 days ago by Benzinga
about 520 days ago by StockBR1
about 557 days ago by honeywagon
about 570 days ago by honeywagon
about 576 days ago by honeywagon
about 677 days ago by trademe1
about 744 days ago by trademe1
about 754 days ago by TechEdgeTrader
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| YTEC | 3.44 | -0.02 | -0.58% | 63.85M |
| YRCWD | 5.89 | -0.16 | -2.64% | |
| YRCW | 5.89 | -0.16 | -2.64% | 45.12M |
| YPF | 12.64 | -0.15 | -1.17% | 4.971B |
| YORW | 16.95 | -0.07 | -0.41% | 217.13M |
| WPO | 349.50 | +0.68 | +0.19% | 2.663B |
| WPI | 69.75 | -1.54 | -2.16% | 8.870B |
| WPCS | 0.95 | +0.00 | +0.00% | 6.602M |
| WPC | 44.80 | -0.77 | -1.69% | 1.780B |
| VKL | 13.06 | -0.03 | -0.23% |
