ABIOMED (ABMD)
ABIOMED Tangible Common Equity Ratio: 85.44%
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ABMD Tangible Common Equity Ratio Rankings
| Overall | 6th percentile | 4106 of 4385 |
| Sector | 11th percentile | 444 of 504 in Healthcare |
| Industry | 13th percentile | 65 of 75 in Medical Appliances & Equipment |
ABMD Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 69.28% | Mar 2008 |
| Maximum | 87.53% | Jun 2007 |
| Average | 77.93% |
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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ABMD News
about 2 days ago by Fernandinho
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May 22, 11:10AM Street Insider
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May 17, 7:31AM Benzinga
May 16, 12:35PM Fox Business
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about 11 days ago by abubnic
about 11 days ago by earningscast
about 15 days ago by abubnic
May 10, 8:00AM GlobeNewswire
May 08, 4:02PM GlobeNewswire
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about 23 days ago by abubnic
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about 33 days ago by BenCBanks
about 33 days ago by 1nvestor
Mar 21, 8:00AM Business Wire
Mar 20, 8:00AM Business Wire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ABMD | 20.80 | -1.12 | -5.11% | 810.99M |
| ABM | 21.73 | +0.05 | +0.23% | 1.159B |
| ABIO | 0.69 | +0.14 | +25.45% | 7.259M |
| ABH | 11.83 | +0.00 | +0.00% | 1.149B |
| ABFS | 12.99 | +0.15 | +1.17% | 330.60M |
| ABD | 9.40 | -0.08 | -0.84% | 523.11M |
| ACHN | 7.35 | +0.03 | +0.41% | 518.69M |
| ACH | 10.07 | -0.25 | -2.42% | 1.589B |
| ACGL | 38.31 | -0.31 | -0.80% | 5.188B |
| ACG | 8.20 | +0.00 | +0.00% |