The Dixie Group (DXYN)
The Dixie Group Tangible Common Equity Ratio: 34.19%
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DXYN Tangible Common Equity Ratio Rankings
| Overall | 52nd percentile | 2085 of 4385 |
| Sector | 52nd percentile | 151 of 317 in Industrial Goods |
| Industry | 66th percentile | 2 of 6 in Textile Industrial |
DXYN Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 33.83% | Dec 2008 |
| Maximum | 37.88% | Mar 2010 |
| Average | 35.52% |
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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DXYN News
Apr 25, 12:27PM Business Wire
about 67 days ago by MarketBrief
about 68 days ago by MarketBrief
Feb 27, 11:52AM Business Wire
Oct 21, 10:30AM Business Wire
about 299 days ago by Benzinga
Jul 21, 12:05PM Business Wire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| DXYN | 3.75 | +0.08 | +2.18% | 48.41M |
| DXR | 8.95 | -0.10 | -1.10% | 37.68M |
| 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% |
