ABAXIS (ABAX)

32.56 -0.02  -0.06%  May 25, 11:00PM Go Pro
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ABAXIS Tangible Common Equity Ratio: 87.60%

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ABAX Tangible Common Equity Ratio Rankings

Overall 4th percentile 4171 of 4385
Sector 7th percentile 464 of 504 in Healthcare
Industry 5th percentile 17 of 18 in Diagnostic Substances

ABAX Tangible Common Equity Ratio Range, Past 5 Years

Minimum 86.18% Dec 2007
Maximum 90.14% Sep 2010
Average 88.25%

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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ABAX News

$ABAX This one may be coming out of a bull flag.
about 20 days ago by Genyko
$ABAX Q4 gains were driven by veterinary equipment sales, which saw an increase to $34.1M, from $28.7M a year ago. http://stks.co/3ZCz
about 28 days ago by abubnic
@howardlindzon $ABAX popped up on the $IBD institutional buyers list this week too.
about 28 days ago by abubnic
wow RT @BrianSozzi @howardlindzon: Interesting with $ABAX! May I add a $VSI, they are selling more and more pet vitamins/products. $$
about 28 days ago by howardlindzon
If you believe in your pet....$ABAX looks for real this time...on my short list with $ctxs
about 28 days ago by howardlindzon
still a buy....RT @danconway Rod Gardner of my old Smith Barney office was buying $ABAX at $4 a share. Home run my friend. RIP.
about 28 days ago by howardlindzon
15 breakouts: $ABAX (gap), $ARBA, $CAP, $CRBC (gap), $LLY, $FBHS, $WOOF. One penny stock. Good mix of breakouts.
about 28 days ago by fallondpicks
Why Abaxis Shares Popped
Apr 27, 4:02PM
$ABAX is 5.6% up since open on unusual high volume and 11.6% up since close.
about 30 days ago by TradeBot
$ABAX http://stks.co/3XyF long setup
about 30 days ago by stt2318
Abaxis, Inc. (ABAX) Tops Q4 EPS by 4c
Apr 26, 4:45PM Street Insider
$abax pm eps release consensus $0.16 v 0.15
about 31 days ago by MinervasMomma
$ABAX http://stks.co/3RQD long setup
about 36 days ago by stt2318
$ABAX is 5.3% up since open on unusual high volume and 6.2% up since close.
about 37 days ago by TradeBot
ABAXIS INC Financials
Feb 15, 1:04PM
$ABAX filed latest Quarterly Report http://stks.co/2KuM
about 107 days ago by MarketBrief
Listen to $ABAX Q3 2012 earnings call - live at 04:15 PM, ondemand after - http://stks.co/272d
about 121 days ago by earningscast
Abaxis, Inc. (ABAX) Misses Q3 EPS by 3c
Jan 26, 4:03PM Street Insider
Abaxis Earnings Preview
Jan 25, 11:51AM Fool
$ABAX http://stks.co/1lEW Long over 28.54 to see if it can emerge
about 144 days ago by flare9x
$ABAX filed latest Quarterly Report http://stks.co/13JX
about 199 days ago by MarketBrief
Stock Market Trading w-list for 11/7/11 $AAPL $AMZN $CSCO $GLD $SLV $OIL $OIH $BAC $GS $RIMM $DECK $ABAX $GILD $DE http://stks.co/zeF
about 202 days ago by tiny
20 breakouts: $ABAX (200-d MA), $FFIV (200-d MA), $LCRY (base), $PNRA (gap), $QCOR (gap) , $SLAB (200-d MA), $SPNC, $ULTI. Three sub-$1
about 213 days ago by fallondpicks
Stock Picks for Tuesday, Oct 25th http://stks.co/lnD $INTC $CIS $FORM $RBCN $TLAB $MMM $ABAX $AKR $ACW $ACE $AATI $ATRM $AMG $AGCO
about 215 days ago by ACInvestorBlog
$ABAX http://chart.ly/97j68g6 long setup
about 291 days ago by stt2318
Here's some stocks ready for a massive squeeze: $ABAX $CBZ $VIVO $ONCY $INWK & $GHDX to name a few http://stk.ly/jLlrtE
about 352 days ago by SharePlanner
$ABAX http://chart.ly/hkccquu Nice move yest. on strong volume closed near HoD. Setting up to challenge recent highs.
about 445 days ago by TheEquitiesRoom
$ABAX not like $ebix, neg. volume, higher PE with less growth- be careful
about 451 days ago by akminer

Recent Quotes

Symbol Price Chg Chg % Market Cap
ABAX 32.56 -0.02 -0.06% 706.23M
AB 13.38 -0.19 -1.40% 1.407B
AAXJ 49.90 -0.38 -0.76%
AAWW 45.92 -0.76 -1.63% 1.208B
AAV 2.83 -0.01 -0.35% 471.39M
AAU 2.01 -0.04 -1.95% 118.83M
AAPL 562.29 -3.03 -0.54% 524.26B
AAP 73.67 +0.74 +1.01% 5.373B
AAON 19.43 +0.47 +2.48% 477.40M
AAN 26.87 +0.09 +0.34% 2.043B
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