American Woodmark Corporation (AMWD)
American Woodmark Corporation Tangible Common Equity Ratio: 51.54%
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AMWD Tangible Common Equity Ratio Rankings
| Overall | 34th percentile | 2857 of 4385 |
| Sector | 36th percentile | 243 of 381 in Consumer Goods |
| Industry | 58th percentile | 7 of 17 in Home Furnishings & Fixtures |
AMWD Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 51.54% | Jan 2012 |
| Maximum | 69.66% | Jan 2009 |
| Average | 63.49% |
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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AMWD News
about 75 days ago by RecogniaEvents
Feb 20, 7:30AM PR Newswire
Feb 09, 11:00AM PR Newswire
Dec 13, 4:12PM theflyonthewall.com
Dec 13, 4:12PM Street Insider
about 187 days ago by Benzinga
Nov 21, 7:30AM PR Newswire
about 272 days ago by DynamicDividend
about 359 days ago by waterlogz
about 624 days ago by SajKarsan
about 644 days ago by OptionRadar
about 1006 days ago by METrades
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| AMWD | 16.57 | -0.18 | -1.07% | 237.95M |
| AMTD | 17.24 | +0.19 | +1.11% | 9.458B |
| AMPL | 0.185 | +0.01 | +2.83% | 10.38M |
| AMP | 47.78 | -0.12 | -0.25% | 10.59B |
| AMOV | 23.79 | -0.11 | -0.46% | |
| AMOT | 5.99 | -0.10 | -1.64% | 51.81M |
| AMNB | 22.00 | -0.24 | -1.08% | 172.26M |
| ANEN | 19.05 | +0.06 | +0.32% | 283.65M |
| ANDE | 44.85 | +0.40 | +0.90% | 831.52M |
| ANCI | 0.49 | -0.01 | -2.00% | 8.369M |
