Cytokinetics (CYTK)
Cytokinetics Tangible Common Equity Ratio: 90.28%
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CYTK Tangible Common Equity Ratio Rankings
| Overall | 2nd percentile | 4256 of 4385 |
| Sector | 5th percentile | 478 of 504 in Healthcare |
| Industry | 7th percentile | 147 of 159 in Biotechnology |
CYTK Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 50.79% | Mar 2009 |
| Maximum | 92.37% | Jun 2011 |
| Average | 77.29% |
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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CYTK News
about 28 days ago by RecogniaEvents
about 33 days ago by lieberlanz
Apr 19, 8:53AM Street Insider
about 48 days ago by RecogniaEvents
about 56 days ago by MarketBrief
Mar 27, 4:13PM Marketwire
about 68 days ago by Chilltill
about 81 days ago by RecogniaEvents
Feb 02, 4:13PM Street Insider
Feb 02, 4:00PM Marketwire
Jan 26, 4:00PM Marketwire
Nov 30, 7:32AM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CYTK | 0.93 | +0.02 | +2.20% | 71.03M |
| CVBK | 0.86 | -0.08 | -8.51% | 2.262M |
| CVA | 15.79 | -0.03 | -0.19% | 2.149B |
| CV | 35.13 | -0.02 | -0.06% | 473.55M |
| CUZ | 7.42 | +0.09 | +1.23% | 772.72M |
| CUTR | 6.94 | -0.20 | -2.80% | 96.81M |
| CUT | 16.04 | +0.04 | +0.24% | |
| CURE | 39.59 | +0.00 | +0.00% | |
| CUR | 0.94 | -0.01 | -1.05% | 51.40M |
| CUK | 32.44 | +0.02 | +0.06% | 6.977B |
