The Hain Celestial Group (HAIN)
The Hain Celestial Group Tangible Common Equity Ratio: -8.54%
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HAIN Tangible Common Equity Ratio Rankings
| Overall | 88th percentile | 495 of 4385 |
| Sector | 81st percentile | 71 of 381 in Consumer Goods |
| Industry | 65th percentile | 12 of 35 in Processed & Packaged Goods |
HAIN Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -11.20% | Dec 2011 |
| Maximum | 24.75% | Mar 2010 |
| Average | 12.68% |
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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HAIN News
about 5 hours ago by Fibline
about 14 hours ago by 1nvestor
about 16 hours ago by tradewithpete
about 4 days ago by 1nvestor
about 4 days ago by Fibline
about 5 days ago by StockTiger
about 5 days ago by StockTiger
about 13 days ago by TrendHunter
about 13 days ago by hertcapital
about 13 days ago by abubnic
about 13 days ago by MarketBrief
May 11, 1:00PM PR Newswire
May 09, 4:34PM Fox Business
May 08, 11:11AM PR Newswire
May 07, 8:52AM Street Insider
Apr 18, 3:21PM PR Newswire
Apr 16, 8:25AM Marketwire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| HAIN | 56.80 | +0.85 | +1.52% | 2.481B |
| HAFCD | 9.58 | +0.10 | +1.05% | |
| HAFC | 9.58 | +0.10 | +1.05% | 304.02M |
| HAE | 70.17 | +0.46 | +0.66% | 1.753B |
| HA | 5.68 | +0.00 | +0.00% | 288.15M |
| GNVC | 2.52 | +0.02 | +0.80% | 32.40M |
| GNTX | 23.07 | +0.50 | +2.22% | 3.253B |
| GNRC | 25.39 | +0.13 | +0.51% | 1.715B |
| GNOM | 2.61 | -0.39 | -13.00% | 100.26M |
| GNMK | 4.61 | +0.03 | +0.66% | 93.89M |