Amicus Therapeutics (FOLD)
Amicus Therapeutics Tangible Common Equity Ratio: 66.87%
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FOLD Tangible Common Equity Ratio Rankings
| Overall | 20th percentile | 3465 of 4385 |
| Sector | 34th percentile | 331 of 504 in Healthcare |
| Industry | 41st percentile | 94 of 160 in Biotechnology |
FOLD Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 37.58% | Sep 2009 |
| Maximum | 93.22% | Jun 2007 |
| Average | 63.11% |
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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FOLD News
May 11, 9:50AM Street Insider
about 19 days ago by earningscast
May 04, 10:00AM GlobeNewswire
about 44 days ago by VexTrades
about 81 days ago by MicroInsider
Mar 07, 10:16AM Street Insider
Mar 07, 10:15AM GlobeNewswire
about 83 days ago by RecogniaEvents
about 87 days ago by Stuckinstock
Mar 02, 8:30AM Benzinga
about 89 days ago by Benzinga
Mar 01, 4:01PM Benzinga
Feb 28, 11:08AM GlobeNewswire
Feb 23, 10:16AM Street Insider
Feb 14, 9:06AM Street Insider
about 106 days ago by earningscast
Feb 13, 4:01PM GlobeNewswire
about 106 days ago by TradeIdeas1
Feb 13, 8:47AM Street Insider
Feb 13, 7:36AM Street Insider
Feb 13, 7:31AM Benzinga
about 109 days ago by abubnic
about 216 days ago by MarketBrief
about 343 days ago by canarionyc
about 370 days ago by canarionyc
about 515 days ago by MDBpartners
about 516 days ago by Tieler
about 516 days ago by Tieler
about 890 days ago by TheNewHouse
about 893 days ago by TheNewHouse
about 966 days ago by datajunkies
about 966 days ago by datajunkies
about 967 days ago by datajunkies
about 967 days ago by datajunkies
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FOLD | 4.89 | -0.10 | -2.00% | 222.80M |
| FOH | 0.37 | +0.00 | +0.00% | 14.40M |
| FOF | 12.20 | +0.11 | +0.91% | |
| FOE | 4.62 | +0.04 | +0.87% | 396.49M |
| FNSR | 15.11 | +0.52 | +3.56% | 1.325B |
| FLY | 12.35 | +0.03 | +0.24% | 316.01M |
| FLXS | 20.04 | +0.05 | +0.25% | 135.13M |
| FLT | 38.37 | -0.09 | -0.23% | 3.181B |
| FLR | 50.48 | +0.78 | +1.57% | 8.422B |
| FLOW | 3.04 | -0.03 | -0.98% | 146.93M |