Charles River Laboratories International (CRL)
Charles River Laboratories International Tangible Common Equity Ratio: 20.95%
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CRL Tangible Common Equity Ratio Rankings
| Overall | 65th percentile | 1531 of 4385 |
| Sector | 73rd percentile | 135 of 504 in Healthcare |
| Industry | 77th percentile | 36 of 159 in Biotechnology |
CRL Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 17.09% | Mar 2011 |
| Maximum | 49.56% | Jun 2010 |
| Average | 34.67% |
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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CRL News
May 03, 2:00PM Seeking Alpha
about 25 days ago by earningscast
May 02, 4:30PM Business Wire
about 36 days ago by harmongreg
about 45 days ago by RecogniaEvents
Apr 04, 4:15PM Business Wire
about 69 days ago by RecogniaEvents
about 103 days ago by earningscast
Feb 15, 8:03AM Street Insider
Feb 14, 4:03PM Seeking Alpha
about 104 days ago by earningscast
about 105 days ago by Benzinga
Feb 13, 4:30PM Street Insider
Feb 13, 4:30PM Business Wire
about 131 days ago by InTheBarn
about 132 days ago by InTheBarn
about 132 days ago by StockTiger
Jan 17, 8:30AM Business Wire
about 134 days ago by StockTiger
about 139 days ago by InvestorsHeadquarter
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CRL | 33.56 | +0.21 | +0.63% | 1.641B |
| CRK | 14.98 | +0.35 | +2.39% | 720.84M |
| CRIS | 4.60 | -0.06 | -1.29% | 356.55M |
| CRIC | 5.60 | +0.00 | +0.00% | 793.91M |
| CRI | 54.64 | +1.67 | +3.15% | 3.217B |
| CRF | 6.181 | +0.10 | +1.67% | |
| CRESY | 7.79 | +0.19 | +2.50% | 390.75M |
| CREG | 1.11 | +0.00 | +0.00% | 48.32M |
| CREE | 26.11 | +0.20 | +0.77% | 3.031B |
| CPLP | 7.54 | +0.03 | +0.40% | 523.05M |