DeVry (DV)
DeVry Tangible Common Equity Ratio: 42.71%
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DV Tangible Common Equity Ratio Rankings
| Overall | 43rd percentile | 2469 of 4385 |
| Sector | 40th percentile | 504 of 852 in Services |
| Industry | 48th percentile | 16 of 31 in Education & Training Services |
DV Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 19.62% | Sep 2008 |
| Maximum | 61.09% | Jun 2008 |
| Average | 42.83% |
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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DV News
May 22, 4:33PM Fox Business
about 7 days ago by woowtrading
about 7 days ago by TradeIdeasQuant
about 8 days ago by Attitrade
about 8 days ago by azendrian
about 8 days ago by PAAResearch
May 17, 10:00AM Business Wire
about 12 days ago by ScottAdams_Edit
May 16, 10:00AM Business Wire
about 15 days ago by Stop_Hunter
May 02, 8:25AM Marketwire
Apr 30, 9:00AM Business Wire
Apr 26, 11:01AM Business Wire
Apr 25, 12:23PM Benzinga
about 35 days ago by PAAResearch
about 35 days ago by earningscast
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| DV | 28.22 | +0.32 | +1.15% | 1.873B |
| DUST | 49.91 | -1.07 | -2.10% | |
| DUSA | 5.44 | +0.04 | +0.74% | 134.10M |
| DUK | 21.96 | +0.16 | +0.73% | 29.38B |
| DUG | 27.46 | +0.20 | +0.73% | |
| DUF | 14.83 | -0.07 | -0.47% | 515.79M |
| DUCK | 8.11 | +0.09 | +1.12% | 31.14M |
| DUC | 12.40 | +0.06 | +0.49% | |
| DTV | 46.40 | +0.03 | +0.06% | 31.39B |
| DRH | 9.85 | -0.01 | -0.10% | 1.661B |
