DryShips (DRYS)
DryShips Tangible Common Equity Ratio: 45.63%
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DRYS Tangible Common Equity Ratio Rankings
| Overall | 40th percentile | 2602 of 4385 |
| Sector | 37th percentile | 536 of 852 in Services |
| Industry | 34th percentile | 27 of 41 in Shipping |
DRYS Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 26.46% | Dec 2008 |
| Maximum | 56.33% | Mar 2011 |
| Average | 44.70% |
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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DRYS News
about 2 days ago by woowtrading
about 4 days ago by TradeIdeasQuant
May 25, 9:33AM Street Insider
about 4 days ago by nomelake
about 5 days ago by rg_trader
about 6 days ago by ThirstyApples
about 6 days ago by Turkish
May 22, 12:29PM Street Insider
about 7 days ago by Good2go
May 22, 11:00AM Benzinga
about 7 days ago by txchick57
about 7 days ago by txchick57
about 11 days ago by txchick57
May 15, 10:19AM Street Insider
May 07, 10:21AM Street Insider
May 01, 8:05AM Marketwire
Apr 13, 9:02AM Street Insider
Apr 13, 9:01AM Benzinga
Apr 13, 9:00AM Benzinga
Apr 12, 9:18AM Benzinga
Apr 12, 9:01AM Street Insider
Apr 12, 9:00AM Marketwire
Apr 12, 9:00AM Marketwire
Apr 09, 4:01PM Marketwire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| DRYS | 2.29 | +0.04 | +1.78% | 937.50M |
| DPS | 41.09 | +0.33 | +0.81% | 8.714B |
| DPM | 42.04 | -0.34 | -0.80% | 2.117B |
| DOX | 29.17 | -0.01 | -0.03% | 4.992B |
| DOW | 31.30 | -0.25 | -0.79% | 37.10B |
| EVOL | 7.07 | +0.13 | +1.87% | 78.48M |
| EVO | 15.10 | +0.09 | +0.59% | |
| EVN | 13.80 | +0.02 | +0.15% | |
| EVK | 1.73 | +0.00 | +0.00% | 25.53M |
| EVJ | 14.32 | +0.08 | +0.54% |
