AEterna Zentaris (AEZS)
AEterna Zentaris Tangible Common Equity Ratio: -24.32%
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AEZS Tangible Common Equity Ratio Rankings
| Overall | 91st percentile | 358 of 4385 |
| Sector | 89th percentile | 55 of 504 in Healthcare |
| Industry | 90th percentile | 15 of 159 in Biotechnology |
AEZS Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -66.88% | Mar 2011 |
| Maximum | 75.64% | Sep 2011 |
| Average | 5.42% |
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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AEZS News
about 2 days ago by kami_ss
about 5 days ago by nd4spd30
about 9 days ago by TradeIdeasQuant
about 9 days ago by HighRiskBuyer
about 9 days ago by AvantNoir
about 9 days ago by boardroom
about 9 days ago by HighRiskBuyer
about 9 days ago by HighRiskBuyer
about 9 days ago by HighRiskBuyer
about 10 days ago by HighRiskBuyer
about 10 days ago by TradeIdeasQuant
about 10 days ago by nd4spd30
about 10 days ago by HighRiskBuyer
about 10 days ago by HighRiskBuyer
about 10 days ago by HighRiskBuyer
about 10 days ago by HighRiskBuyer
about 10 days ago by HighRiskBuyer
about 11 days ago by HighRiskBuyer
about 11 days ago by HighRiskBuyer
about 11 days ago by HighRiskBuyer
about 11 days ago by HighRiskBuyer
May 16, 4:16PM Benzinga
May 07, 7:40AM Street Insider
Apr 02, 1:55PM Benzinga
Mar 27, 4:16PM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| AEZS | 0.47 | -0.03 | -5.05% | 49.71M |
| AEY | 2.201 | -0.02 | -0.86% | 22.47M |
| AETI | 4.48 | -0.04 | -0.89% | 35.08M |
| AET | 41.20 | +0.07 | +0.17% | 14.44B |
| AES | 12.55 | +0.17 | +1.37% | 9.629B |
| AERL | 4.17 | +0.12 | +2.96% | 161.80M |
| AER | 11.43 | +0.02 | +0.18% | 1.598B |
| AEPI | 34.74 | +0.04 | +0.12% | 191.07M |
| AEP | 38.23 | +0.25 | +0.66% | 18.50B |
| AEO | 19.99 | +0.39 | +1.99% | 3.915B |