Maxygen (MAXY)
Maxygen Tangible Common Equity Ratio: 98.29%
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MAXY Tangible Common Equity Ratio Rankings
| Overall | 0th percentile | 4370 of 4385 |
| Sector | 0th percentile | 851 of 853 in Services |
| Industry | 0th percentile | 12 of 12 in Research Services |
MAXY Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 86.17% | Mar 2010 |
| Maximum | 98.29% | Mar 2012 |
| Average | 91.68% |
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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MAXY News
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Nov 09, 4:30PM Business Wire
about 231 days ago by checkthetechs
Oct 10, 5:17PM FlyOnTheWall
Oct 10, 5:00PM Business Wire
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about 363 days ago by canarionyc
about 373 days ago by MicroInsider
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about 419 days ago by Kenshreve
about 440 days ago by BioDueDiligence
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Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| MAXY | 5.87 | +0.02 | +0.34% | 162.45M |
| LOGI | 10.77 | +0.15 | +1.41% | 1.832B |
| LOCM | 2.46 | +0.03 | +1.23% | 53.65M |
| LOAN | 1.08 | +0.00 | +0.00% | 4.666M |
| LO | 124.77 | -0.07 | -0.06% | 16.48B |
| LNT | 44.10 | +0.06 | +0.14% | 4.889B |
| KLIC | 10.89 | +0.07 | +0.65% | 797.65M |
| KLD | 57.54 | +0.47 | +0.83% | |
| KLAC | 46.84 | +0.69 | +1.50% | 7.695B |
| KKR | 12.17 | +0.47 | +4.02% | 2.711B |
