Lexicon Pharmaceuticals (LXRX)
Lexicon Pharmaceuticals Tangible Common Equity Ratio: 56.08%
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LXRX Tangible Common Equity Ratio Rankings
| Overall | 30th percentile | 3052 of 4391 |
| Sector | 47th percentile | 266 of 504 in Healthcare |
| Industry | 53rd percentile | 75 of 160 in Biotechnology |
LXRX Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 30.91% | Jun 2007 |
| Maximum | 79.34% | Jun 2010 |
| Average | 60.02% |
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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LXRX News
about 13 days ago by RecogniaEvents
May 03, 7:00PM Seeking Alpha
about 27 days ago by earningscast
May 03, 7:03AM Benzinga
May 03, 6:00AM PR Newswire
Mar 27, 6:00PM PR Newswire
Mar 20, 6:00PM PR Newswire
about 75 days ago by MarketBrief
Feb 29, 6:00PM PR Newswire
Feb 22, 5:10PM Seeking Alpha
Feb 16, 6:31PM PR Newswire
about 105 days ago by hedgeflight
about 105 days ago by hedgeflight
about 105 days ago by hedgeflight
Feb 07, 6:00PM PR Newswire
Jan 11, 8:42PM Seeking Alpha
about 140 days ago by stt2318
Jan 09, 4:41PM Street Insider
Jan 09, 4:30PM Benzinga
Jan 04, 6:00PM PR Newswire
Dec 23, 8:31AM Street Insider
Dec 12, 11:43AM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| LXRX | 1.61 | +0.01 | +0.62% | 773.70M |
| LXP | 8.30 | -0.09 | -1.07% | 1.290B |
| LSTR | 54.12 | +0.51 | +0.95% | 2.528B |
| LSI | 6.85 | -0.05 | -0.72% | 3.882B |
| LSG | 0.8744 | -0.02 | -1.75% | 358.71M |
| LSCC | 4.55 | +0.03 | +0.66% | 538.81M |
| LSBK | 9.23 | -0.77 | -7.70% | 54.83M |
| LOOP | 19.17 | +0.00 | +0.00% | 675.55M |
| LOOK | 0.80 | +0.02 | +2.58% | 13.83M |
| LONG | 13.96 | -0.02 | -0.14% | 471.85M |
