Akorn (AKRX)
Akorn Tangible Common Equity Ratio: 21.04%
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AKRX Tangible Common Equity Ratio Rankings
| Overall | 64th percentile | 1535 of 4385 |
| Sector | 72nd percentile | 137 of 504 in Healthcare |
| Industry | 50th percentile | 7 of 14 in Drugs - Generic |
AKRX Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 21.04% | Mar 2012 |
| Maximum | 88.43% | Jun 2007 |
| Average | 62.37% |
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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AKRX News
about 3 days ago by Freshcharts
about 4 days ago by ACInvestorBlog
about 5 days ago by InvestorsGuru
about 9 days ago by DrNick
about 10 days ago by vjtweet
about 12 days ago by azendrian
about 12 days ago by 1nvestor
about 12 days ago by MrDayer
about 13 days ago by DrNick
May 09, 7:51AM Street Insider
Apr 17, 4:48PM PR Newswire
Mar 07, 7:30AM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| AKRX | 13.70 | +0.11 | +0.81% | 1.302B |
| AKR | 22.34 | +0.09 | +0.40% | 955.26M |
| AKP | 15.28 | +0.15 | +1.00% | |
| AKO.A | 25.55 | -0.19 | -0.74% | 3.237B |
| AKAM | 29.31 | -0.09 | -0.31% | 5.211B |
| AJG | 34.94 | -0.20 | -0.57% | 4.101B |
| AMZN | 212.89 | -2.35 | -1.09% | 96.88B |
| AMX | 23.84 | -0.15 | -0.63% | 92.34B |
| AMWD | 16.57 | -0.18 | -1.07% | 237.95M |
| AMTD | 17.24 | +0.19 | +1.11% | 9.458B |
