Bio-Rad Laboratories (BIO)
Bio-Rad Laboratories Tangible Common Equity Ratio: 44.98%
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BIO Tangible Common Equity Ratio Rankings
| Overall | 41st percentile | 2565 of 4385 |
| Sector | 58th percentile | 340 of 814 in Technology |
| Industry | 68th percentile | 17 of 54 in Scientific & Technical Instruments |
BIO Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 30.22% | Dec 2007 |
| Maximum | 50.52% | Sep 2007 |
| Average | 39.74% |
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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BIO News
May 15, 1:22PM Marketwire
May 02, 8:42AM Street Insider
May 02, 8:05AM Benzinga
May 01, 10:15PM Seeking Alpha
about 26 days ago by earningscast
about 39 days ago by ATandon_STE
Apr 10, 7:22PM Marketwire
about 54 days ago by fallondpicks
about 54 days ago by tickertutor
Apr 03, 12:54PM The Wall Street Journal
about 55 days ago by TradeBot
Apr 03, 6:41AM Street Insider
Apr 03, 5:30AM PR Newswire
Apr 02, 7:58PM Marketwire
about 69 days ago by RecogniaEvents
Feb 23, 11:29PM Seeking Alpha
about 94 days ago by earningscast
about 94 days ago by Benzinga
about 123 days ago by redman59
about 163 days ago by 1nvestor
about 208 days ago by Benzinga
about 289 days ago by 1nvestor
about 299 days ago by Benzinga
about 420 days ago by OptionRadar
about 458 days ago by Benzinga
about 503 days ago by vjtweet
about 544 days ago by maxrobespierre
about 554 days ago by maxrobespierre
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| BIO | 101.39 | -0.63 | -0.62% | 2.859B |
| BIN | 19.71 | -0.18 | -0.91% | 2.312B |
| BIK | 20.72 | -0.02 | -0.10% | |
| BIIB | 131.56 | -0.09 | -0.07% | 31.41B |
| BIG | 37.30 | +1.55 | +4.34% | 2.469B |
| BIF | 5.73 | +0.01 | +0.17% | |
| BIDZ | 0.76 | +0.01 | +0.66% | 13.97M |
| BDN | 11.29 | -0.07 | -0.62% | 1.611B |
| BDMS | 16.95 | -0.04 | -0.23% | 31.19M |
| BDL | 7.30 | +0.11 | +1.53% | 13.58M |