BioMarin Pharmaceutical (BMRN)
BioMarin Pharmaceutical Tangible Common Equity Ratio: 51.13%
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BMRN Tangible Common Equity Ratio Rankings
| Overall | 35th percentile | 2831 of 4385 |
| Sector | 50th percentile | 247 of 504 in Healthcare |
| Industry | 57th percentile | 68 of 159 in Biotechnology |
BMRN Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 18.23% | Jun 2007 |
| Maximum | 54.45% | Sep 2011 |
| Average | 34.18% |
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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BMRN News
about 11 days ago by azendrian
about 12 days ago by MarketBrief
about 12 days ago by MarketBrief
about 19 days ago by earningscast
May 08, 4:05PM Benzinga
about 24 days ago by MarketBrief
Apr 27, 3:10AM Seeking Alpha
about 31 days ago by earningscast
Apr 26, 4:50PM Street Insider
about 40 days ago by Catalystrader
Apr 12, 11:07AM Street Insider
about 47 days ago by xpertstocktrader
about 54 days ago by MarketBrief
about 55 days ago by MarketBrief
about 56 days ago by MarketBrief
Mar 08, 9:02AM Benzinga
Mar 08, 9:02AM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| BMRN | 38.64 | +0.13 | +0.34% | 4.468B |
| BMJ | 0.93 | +0.00 | +0.00% | |
| BMI | 36.69 | -0.25 | -0.68% | 550.35M |
| BMC | 43.69 | +0.72 | +1.68% | 7.175B |
| BMA | 13.46 | -0.33 | -2.39% | 785.12M |
| BLX | 19.14 | -0.08 | -0.42% | 540.90M |
| BLV | 93.83 | +0.41 | +0.44% | |
| BLTI | 2.42 | +0.06 | +2.54% | 74.27M |
| BLT | 13.53 | -0.11 | -0.81% | 662.16M |
| BLRX | 2.51 | -0.03 | -1.18% | 31.02M |
