Calavo Growers (CVGW)
Calavo Growers Tangible Common Equity Ratio: 46.44%
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CVGW Tangible Common Equity Ratio Rankings
| Overall | 40th percentile | 2630 of 4385 |
| Sector | 40th percentile | 226 of 381 in Consumer Goods |
| Industry | 57th percentile | 6 of 14 in Farm Products |
CVGW Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 43.12% | Jul 2011 |
| Maximum | 60.74% | Jul 2010 |
| Average | 51.52% |
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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CVGW News
about 24 days ago by redman59
Apr 10, 6:16PM Street Insider
about 83 days ago by MawiLoca
about 83 days ago by MawiLoca
about 84 days ago by MawiLoca
Mar 05, 9:00AM Business Wire
about 85 days ago by MawiLoca
about 91 days ago by TradeBot
about 113 days ago by hertcapital
about 114 days ago by chessNwine
Jan 05, 9:03AM Street Insider
about 144 days ago by Benzinga
Jan 05, 9:00AM Business Wire
Nov 04, 1:03PM Street Insider
about 368 days ago by ycharts
about 382 days ago by DynamicDividend
about 385 days ago by ycharts
about 453 days ago by DynamicDividend
about 503 days ago by ProfDoomfinger
about 575 days ago by doomdog144
about 608 days ago by OptionRadar
about 666 days ago by StockTradeJournal
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CVGW | 28.08 | +0.08 | +0.29% | 414.74M |
| CT | 3.35 | +0.05 | +1.52% | 74.40M |
| CSX | 21.37 | +0.02 | +0.09% | 22.21B |
| CSWC | 87.55 | -0.33 | -0.38% | 329.19M |
| CSV | 7.25 | +0.02 | +0.28% | 131.59M |
| CSUND | 1.20 | +0.03 | +2.56% | |
| CSUN | 1.20 | +0.03 | +2.56% | 17.82M |
| CSU | 9.67 | +0.12 | +1.26% | 272.11M |
| COBR | 4.45 | -0.15 | -3.26% | 29.41M |
| CO | 2.63 | -0.04 | -1.50% | 193.17M |