Copart (CPRT)
Copart Tangible Common Equity Ratio: 32.34%
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CPRT Tangible Common Equity Ratio Rankings
| Overall | 54th percentile | 2007 of 4385 |
| Sector | 51st percentile | 411 of 852 in Services |
| Industry | 15th percentile | 11 of 13 in Auto Dealerships |
CPRT Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 32.34% | Jan 2012 |
| Maximum | 86.39% | Jul 2010 |
| Average | 71.83% |
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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CPRT News
about 21 days ago by BenCBanks
about 26 days ago by TraderHR
about 40 days ago by TrendExhaustion
about 42 days ago by JeanPaul
about 65 days ago by bradloncar
about 74 days ago by MarketBrief
about 86 days ago by Kenshreve
about 89 days ago by TradeBot
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CPRT | 27.06 | -0.18 | -0.66% | 3.523B |
| CPO | 52.23 | -0.06 | -0.11% | 3.986B |
| CPNO | 26.64 | +0.19 | +0.72% | 1.923B |
| CPN | 16.91 | -0.01 | -0.06% | 8.139B |
| CPLP | 7.54 | +0.03 | +0.40% | 523.05M |
| DDS | 69.49 | -0.32 | -0.46% | 3.436B |
| DDR | 13.89 | -0.11 | -0.79% | 3.851B |
| DDIC | 12.98 | -0.01 | -0.08% | 265.83M |
| DDG | 36.25 | +0.15 | +0.42% | |
| DDF | 7.65 | +0.01 | +0.13% |
