IPG Photonics Corporation (IPGP)
IPG Photonics Corporation Tangible Common Equity Ratio: 78.71%
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IPGP Tangible Common Equity Ratio Rankings
| Overall | 11th percentile | 3892 of 4385 |
| Sector | 19th percentile | 653 of 814 in Technology |
| Industry | 40th percentile | 28 of 47 in Semiconductor - Integrated Circuits |
IPGP Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 69.91% | Sep 2011 |
| Maximum | 81.85% | Dec 2009 |
| Average | 75.24% |
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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IPGP News
about 5 days ago by TMoneyTrader
May 14, 4:00PM Business Wire
about 20 days ago by TMoneyTrader
about 28 days ago by TradeBot
about 28 days ago by chartly
about 28 days ago by ToddinFL
about 28 days ago by TradeIdeasQuant
about 28 days ago by earningscast
Apr 11, 4:00PM Business Wire
about 64 days ago by RecogniaEvents
Mar 21, 1:31PM Benzinga
about 72 days ago by SteelerTrader
about 77 days ago by From_Jeremy
about 78 days ago by From_Jeremy
Mar 02, 7:10AM Benzinga
about 91 days ago by chart_science
about 91 days ago by chart_science
Feb 28, 7:16AM Benzinga
Feb 11, 3:58PM Seeking Alpha
Feb 10, 3:38PM Benzinga
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| IPGP | 45.71 | +2.87 | +6.70% | 2.163B |
| IPG | 10.99 | +0.25 | +2.33% | 4.791B |
| INTC | 26.12 | +0.38 | +1.48% | 128.60B |
| INT | 38.15 | +0.26 | +0.69% | 2.696B |
| INSP | 12.88 | +0.25 | +1.98% | 502.30M |
| INSM | 2.97 | -0.01 | -0.34% | 74.08M |
| HBOS | 12.26 | -0.09 | -0.73% | |
| HBNC | 25.10 | -0.15 | -0.59% | 125.49M |
| HBIO | 3.60 | +0.00 | +0.00% | 103.50M |
| HBI | 27.89 | +0.84 | +3.11% | 2.639B |