Athersys (ATHX)
Athersys Tangible Common Equity Ratio: 43.60%
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ATHX Tangible Common Equity Ratio Rankings
| Overall | 42nd percentile | 2510 of 4385 |
| Sector | 55th percentile | 223 of 504 in Healthcare |
| Industry | 61st percentile | 62 of 159 in Biotechnology |
ATHX Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 43.60% | Mar 2012 |
| Maximum | 93.44% | Jun 2009 |
| Average | 73.96% |
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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ATHX News
about 12 days ago by milroyt
about 12 days ago by milroyt
about 13 days ago by milroyt
about 13 days ago by milroyt
about 17 days ago by TheEquitiesRoom
about 17 days ago by milroyt
about 17 days ago by milroyt
about 17 days ago by stockeye
about 46 days ago by RecogniaEvents
Apr 04, 7:03AM Street Insider
about 61 days ago by RecogniaEvents
about 79 days ago by RecogniaEvents
Mar 09, 12:00PM GlobeNewswire
Feb 01, 3:01PM Street Insider
Feb 01, 7:09AM Benzinga
Jan 04, 7:00AM GlobeNewswire
Nov 23, 11:00AM GlobeNewswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ATHX | 1.40 | -0.02 | -1.41% | 34.58M |
| ATHN | 76.34 | -1.50 | -1.93% | 2.707B |
| ATEC | 1.65 | +0.01 | +0.61% | 147.82M |
| ASUR | 4.98 | +0.02 | +0.40% | 23.06M |
| ASTX | 1.81 | +0.06 | +3.43% | 168.46M |
| ASTMD | 2.05 | -0.01 | -0.49% | |
| ASTM | 2.05 | -0.01 | -0.49% | 79.46M |
| ASTI | 0.5391 | -0.02 | -3.73% | 22.08M |
| ASTE | 28.39 | -0.11 | -0.39% | 644.74M |
| BBOX | 22.22 | +0.19 | +0.86% | 388.41M |
