Fresenius Medical Care AG & Co. KGAA (FMS)
Fresenius Medical Care AG & Co. KGAA Tangible Common Equity Ratio: -29.15%
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FMS Tangible Common Equity Ratio Rankings
| Overall | 92nd percentile | 332 of 4385 |
| Sector | 90th percentile | 50 of 504 in Healthcare |
| Industry | 75th percentile | 4 of 16 in Specialized Health Services |
FMS Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -43.80% | Jun 2007 |
| Maximum | -11.14% | Mar 2011 |
| Average | -24.63% |
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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FMS News
May 08, 10:42AM Street Insider
Mar 15, 12:58PM Business Wire
about 76 days ago by britepathos
about 77 days ago by kel4003
Feb 29, 10:30AM Business Wire
about 105 days ago by ycharts
Feb 10, 11:03AM Business Wire
Jan 19, 9:00AM Business Wire
Jan 09, 3:00PM PR Newswire
Dec 23, 2:45PM Business Wire
Dec 06, 9:00AM Business Wire
Nov 30, 9:33AM Business Wire
Nov 16, 11:32AM FlyOnTheWall
about 421 days ago by ToddinFL
about 642 days ago by OptionRadar
about 691 days ago by OptionRadar
about 776 days ago by djacome
about 873 days ago by HEALTH_NOTES
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FMS | 68.06 | +1.19 | +1.78% | 20.07B |
| EXLP | 20.60 | -0.03 | -0.15% | 861.92M |
| EXL | 11.54 | -0.04 | -0.35% | 388.16M |
| EXK | 9.08 | +0.13 | +1.45% | 785.00M |
| EXH | 12.16 | +0.54 | +4.65% | 746.82M |
| EXFO | 6.18 | +0.09 | +1.48% | 175.70M |
| EXEL | 4.49 | -0.12 | -2.60% | 684.22M |
| EXE | 3.58 | +0.04 | +1.27% | 37.70M |
| EXC | 36.76 | -0.14 | -0.38% | 31.42B |
| EXBD | 38.03 | +0.14 | +0.37% | 1.262B |
