DXP Enterprises (DXPE)
DXP Enterprises Tangible Common Equity Ratio: 7.77%
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DXPE Tangible Common Equity Ratio Rankings
| Overall | 78th percentile | 932 of 4385 |
| Sector | 73rd percentile | 229 of 852 in Services |
| Industry | 91st percentile | 1 of 12 in Industrial Equipment Wholesale |
DXPE Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -7.76% | Sep 2008 |
| Maximum | 54.23% | Jun 2007 |
| Average | 5.40% |
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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DXPE News
about 15 days ago by tradewithpete
about 22 days ago by StockTwits
about 24 days ago by StockTwits
about 25 days ago by StockTwits
May 03, 4:00PM Business Wire
about 26 days ago by StockTwits50
about 26 days ago by StockTwits50
about 26 days ago by abubnic
about 26 days ago by earningscast
about 27 days ago by abubnic
about 29 days ago by abubnic
about 30 days ago by howardlindzon
Apr 23, 2:12PM Business Wire
Apr 17, 2:51PM Benzinga
Feb 24, 10:13AM Business Wire
Feb 01, 1:48PM Benzinga
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| DXPE | 47.71 | +0.87 | +1.86% | 674.14M |
| DXCM | 10.79 | +0.30 | +2.86% | 729.73M |
| DOW | 31.30 | -0.25 | -0.79% | 37.10B |
| DOVR | 4.37 | +0.07 | +1.63% | 23.12M |
| DOV | 57.78 | -0.47 | -0.81% | 10.62B |
| DORM | 48.04 | +1.37 | +2.94% | 866.64M |
| DOO | 36.99 | -0.15 | -0.40% | |
| DON | 53.33 | -0.04 | -0.07% | |
| DOM | 8.05 | -1.18 | -12.78% | 63.19M |
| DOLE | 8.63 | +0.03 | +0.35% | 767.64M |
