Kindred Healthcare (KND)
Kindred Healthcare Tangible Common Equity Ratio: -7.02%
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KND Tangible Common Equity Ratio Rankings
| Overall | 88th percentile | 518 of 4391 |
| Sector | 85th percentile | 71 of 504 in Healthcare |
| Industry | 91st percentile | 1 of 12 in Long-Term Care Facilities |
KND Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -9.42% | Sep 2011 |
| Maximum | 44.74% | Jun 2010 |
| Average | 29.90% |
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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KND News
May 17, 5:05PM Business Wire
May 17, 5:00PM Business Wire
May 14, 2:21AM Benzinga
about 28 days ago by earningscast
about 28 days ago by Dtheone
Apr 26, 9:00AM Marketwire
Apr 25, 12:03PM Street Insider
Apr 25, 11:10AM Street Insider
about 40 days ago by GoofyGolfa
about 42 days ago by GoofyGolfa
Apr 04, 4:06AM Benzinga
about 57 days ago by MarketBrief
about 96 days ago by TradeBot
about 96 days ago by earningscast
about 99 days ago by TradeIdeasQuant
about 162 days ago by TradeIdeasQuant
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| KND | 8.58 | -0.38 | -4.24% | 466.91M |
| KMX | 28.09 | -1.37 | -4.65% | 6.675B |
| KMR | 71.79 | -1.37 | -1.87% | 7.322B |
| KMPR | 28.95 | -0.57 | -1.93% | 1.776B |
| KMP | 78.97 | -0.97 | -1.21% | 18.61B |
| KHI | 9.99 | +0.02 | +0.20% | |
| KH | 19.67 | +0.02 | +0.10% | 448.81M |
| KGN | 3.40 | +0.10 | +3.03% | 249.25M |
| KGJI | 2.53 | -0.04 | -1.56% | 136.49M |
| KGC | 8.145 | +0.03 | +0.31% | 9.238B |
