Express Scripts Holding Company (ESRX)
Express Scripts Holding Company Tangible Common Equity Ratio: -34.29%
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ESRX Tangible Common Equity Ratio Rankings
| Overall | 93rd percentile | 293 of 4385 |
| Sector | 90th percentile | 48 of 504 in Healthcare |
| Industry | 85th percentile | 2 of 14 in Health Care Plans |
ESRX Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -171.7% | Jun 2011 |
| Maximum | 1.70% | Sep 2009 |
| Average | -91.83% |
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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ESRX News
about 11 days ago by ycharts
about 13 days ago by harmongreg
about 18 days ago by traderjive
about 18 days ago by TradeIdeasQuant
about 18 days ago by TradeBot
about 18 days ago by earningscast
about 19 days ago by StockTwits
May 10, 4:02PM Street Insider
about 19 days ago by TradeIdeasQuant
about 19 days ago by Benzinga
about 19 days ago by Svhustler
about 19 days ago by indiantraveler
May 09, 5:58PM Street Insider
May 03, 10:57AM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ESRX | 53.60 | +0.97 | +1.84% | 25.51B |
| GABC | 18.18 | -0.13 | -0.71% | 230.71M |
| GAB | 5.41 | +0.06 | +1.12% | |
| GA | 5.11 | +0.05 | +0.99% | 1.143B |
| FXZ | 23.20 | +0.39 | +1.71% | |
| FXY | 123.66 | +0.27 | +0.22% | |
| FXS | 138.80 | +0.01 | +0.01% | |
| FXI | 33.88 | +1.30 | +3.99% | |
| FXH | 29.85 | +0.12 | +0.40% | |
| FXG | 24.00 | +0.11 | +0.46% |
