Cantel Medical Corporation (CMN)
Cantel Medical Corporation Tangible Common Equity Ratio: -1.58%
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CMN Tangible Common Equity Ratio Rankings
| Overall | 86th percentile | 588 of 4385 |
| Sector | 83rd percentile | 81 of 504 in Healthcare |
| Industry | 84th percentile | 10 of 64 in Medical Instruments & Supplies |
CMN Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -9.28% | Oct 2011 |
| Maximum | 45.67% | Jul 2010 |
| Average | 22.55% |
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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CMN News
Apr 25, 8:30AM PR Newswire
Mar 09, 7:42AM Street Insider
about 81 days ago by earningscast
about 81 days ago by WorldJazz59
about 104 days ago by WorldJazz59
about 115 days ago by StockTwits
about 118 days ago by StockTwits50
about 126 days ago by tradewithpete
about 130 days ago by tradewithpete
about 130 days ago by rheetta
Jan 04, 12:08PM PR Newswire
Dec 09, 8:06AM Street Insider
Dec 01, 12:36PM PR Newswire
Nov 07, 2:43PM PR Newswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CMN | 22.20 | -0.18 | -0.80% | 597.62M |
| CMM | 4.20 | -0.14 | -3.23% | 10.04M |
| CMLS | 2.83 | +0.02 | +0.71% | 429.06M |
| CMLP | 25.57 | +0.25 | +0.99% | 934.33M |
| CMKG | 0.90 | +0.05 | +5.88% | 7.911M |
| CMK | 8.31 | +0.04 | +0.48% | |
| CMI | 98.95 | -1.31 | -1.31% | 18.99B |
| CMG | 400.42 | -1.19 | -0.30% | 12.52B |
| CMCSA | 28.85 | -0.08 | -0.28% | 78.07B |
| CMCO | 15.16 | +0.34 | +2.29% | 293.95M |
