AngioDynamics (ANGO)
AngioDynamics Tangible Common Equity Ratio: 85.50%
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ANGO Tangible Common Equity Ratio Rankings
| Overall | 6th percentile | 4108 of 4385 |
| Sector | 11th percentile | 445 of 504 in Healthcare |
| Industry | 14th percentile | 55 of 64 in Medical Instruments & Supplies |
ANGO Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 69.65% | May 2008 |
| Maximum | 87.68% | Aug 2010 |
| Average | 81.77% |
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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ANGO News
about 5 days ago by evcgroup
about 12 days ago by evcgroup
May 15, 5:04PM GlobeNewswire
about 20 days ago by evcgroup
Apr 04, 8:50PM Seeking Alpha
about 53 days ago by earningscast
Apr 02, 6:30AM Business Wire
Mar 30, 8:40AM Street Insider
Mar 26, 6:40AM Benzinga
Mar 26, 6:36AM Street Insider
Mar 21, 6:30AM GlobeNewswire
about 103 days ago by evcgroup
about 109 days ago by evcgroup
about 117 days ago by TradeIdeasQuant
about 124 days ago by Street_Insider
about 143 days ago by earningscast
about 143 days ago by Benzinga
about 173 days ago by evcgroup
about 179 days ago by earningscast
about 201 days ago by evcgroup
about 205 days ago by evcgroup
about 234 days ago by Benzinga
about 271 days ago by Street_Insider
about 488 days ago by Street_Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ANGO | 12.20 | -0.13 | -1.05% | 306.46M |
| ANGN | 5.85 | +0.20 | +3.54% | 22.93M |
| ANF | 36.23 | +0.94 | +2.66% | 3.069B |
| ANEN | 19.05 | +0.06 | +0.32% | 283.65M |
| ASPS | 57.98 | -1.04 | -1.76% | 1.352B |
| ASP | 11.61 | -0.05 | -0.46% | |
| ASNA | 18.90 | -0.02 | -0.11% | 2.896B |
| ASML | 46.00 | -0.22 | -0.48% | 19.03B |
| ASMI | 35.28 | -0.28 | -0.79% | 1.954B |
| ASM | 1.24 | -0.01 | -0.72% | 25.52M |
