Affymetrix (AFFX)
Affymetrix Tangible Common Equity Ratio: 79.22%
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AFFX Tangible Common Equity Ratio Rankings
| Overall | 10th percentile | 3908 of 4385 |
| Sector | 18th percentile | 660 of 814 in Technology |
| Industry | 25th percentile | 40 of 54 in Scientific & Technical Instruments |
AFFX Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 35.64% | Mar 2009 |
| Maximum | 79.22% | Mar 2012 |
| Average | 51.34% |
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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AFFX News
May 17, 7:33AM Street Insider
May 17, 7:30AM Business Wire
about 18 days ago by illinijill
about 20 days ago by TradeIdeasQuant
about 20 days ago by TheEquitiesRoom
about 20 days ago by traderNC
about 22 days ago by ACInvestorBlog
about 23 days ago by TradeBot
about 24 days ago by earningscast
May 03, 4:10PM Street Insider
Apr 17, 4:18PM Business Wire
Mar 28, 7:37AM Street Insider
about 109 days ago by earningscast
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| AFFX | 4.96 | +0.03 | +0.61% | 349.43M |
| AFFM | 0.4502 | -0.10 | -18.10% | 6.938M |
| AGO | 12.23 | -0.11 | -0.89% | 2.233B |
| AGNC | 32.22 | +0.09 | +0.28% | 9.666B |
| AGN | 90.53 | +0.04 | +0.04% | 27.59B |
| AGMA | 18.51 | +0.00 | +0.00% | |
| AGM | 24.44 | +0.11 | +0.45% | 253.20M |
| AGII | 28.82 | +0.77 | +2.75% | 753.64M |
| AGG | 110.92 | +0.17 | +0.15% | |
| AGEND | 5.20 | +0.06 | +1.17% |
