Keryx Biopharmaceuticals (KERX)
Keryx Biopharmaceuticals Tangible Common Equity Ratio: 60.97%
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KERX Tangible Common Equity Ratio Rankings
| Overall | 26th percentile | 3221 of 4385 |
| Sector | 43rd percentile | 285 of 504 in Healthcare |
| Industry | 36th percentile | 16 of 25 in Drug Manufacturers - Major |
KERX Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -20.05% | Dec 2008 |
| Maximum | 84.70% | Jun 2007 |
| Average | 51.32% |
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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KERX News
about 9 hours ago by Bleedblue
about 9 hours ago by newkidontheblock
about 9 hours ago by HighRiskBuyer
about 12 hours ago by JasonMilano8
about 13 hours ago by GucciMoccasins
about 15 hours ago by gregthor
about 17 hours ago by newkidontheblock
about 17 hours ago by JasonMilano8
about 18 hours ago by SomeGuy900
about 19 hours ago by SomeGuy900
about 20 hours ago by Scott_biotech
about a day ago by HighRiskBuyer
May 21, 8:20AM Marketwire
May 14, 12:33PM Fox Business
May 14, 10:07AM Street Insider
May 10, 2:24PM Street Insider
May 10, 10:54AM Benzinga
May 10, 8:30AM PR Newswire
May 07, 7:40AM Street Insider
Apr 23, 8:20AM Marketwire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| KERX | 1.70 | -0.05 | -2.86% | 120.73M |
| KALU | 50.67 | +1.21 | +2.45% | 975.40M |
| K | 50.48 | +0.21 | +0.42% | 18.03B |
| JYF | 32.24 | -0.09 | -0.28% | |
| JXSB | 17.76 | +0.42 | +2.40% | 34.09M |
| JXI | 40.61 | -0.21 | -0.51% | |
| JWN | 51.08 | +0.34 | +0.67% | 10.62B |
| JVA | 7.89 | +0.30 | +3.95% | 50.26M |
| JTP | 8.26 | -0.01 | -0.12% | |
| JST | 7.25 | -0.35 | -4.61% | 118.90M |
