CombiMatrix Corporation (CBMX)
CombiMatrix Corporation Tangible Common Equity Ratio: 81.18%
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CBMX Tangible Common Equity Ratio Rankings
| Overall | 9th percentile | 3972 of 4385 |
| Sector | 18th percentile | 413 of 504 in Healthcare |
| Industry | 12th percentile | 21 of 24 in Medical Laboratories & Research |
CBMX Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -26.84% | Dec 2009 |
| Maximum | 90.20% | Sep 2011 |
| Average | 53.80% |
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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CBMX News
about 11 days ago by MarketBrief
May 04, 6:00AM GlobeNewswire
Mar 01, 6:00AM GlobeNewswire
Feb 22, 6:00AM GlobeNewswire
Nov 14, 3:15PM FlyOnTheWall
Nov 03, 6:00AM GlobeNewswire
Oct 04, 6:00AM GlobeNewswire
Aug 22, 6:00AM GlobeNewswire
Aug 03, 6:00AM GlobeNewswire
about 993 days ago by ari5000
about 993 days ago by ari5000
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CBMX | 0.92 | -0.04 | -4.17% | 9.844M |
| CBM | 7.08 | +0.00 | +0.00% | 209.71M |
| BRS | 43.38 | -0.33 | -0.76% | 1.548B |
| BRO | 25.69 | -0.17 | -0.66% | 3.683B |
| BRN | 3.25 | +0.00 | +0.00% | 26.91M |
| BRLI | 20.38 | +0.04 | +0.20% | 569.62M |
| BRKS | 9.69 | +0.01 | +0.10% | 641.96M |
| BRKR | 15.12 | +0.20 | +1.34% | 2.508B |
| BRK.B | 79.25 | -0.55 | -0.69% | 196.25B |
| CBI | 37.12 | -0.53 | -1.41% | 3.628B |
