Mountain Province Diamonds (MDM)
Mountain Province Diamonds Tangible Common Equity Ratio
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MDM Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 80.43% | Dec 2007 |
| Maximum | 91.04% | Mar 2009 |
| Average | 85.52% |
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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MDM News
May 28, 9:00AM PR Newswire
Mar 13, 2:01PM Benzinga
Dec 12, 9:10AM theflyonthewall.com
Dec 01, 4:14PM FlyOnTheWall
Oct 24, 9:04AM FlyOnTheWall
Oct 07, 11:13AM PR Newswire
about 261 days ago by Speculator99
about 261 days ago by TALENTEDBLONDE
Aug 02, 10:14AM FlyOnTheWall
Aug 02, 9:00AM PR Newswire
Jun 14, 7:48AM PR Newswire
about 467 days ago by investorentrypoint
about 467 days ago by investorentrypoint
Jan 20, 1:11PM PR Newswire
about 513 days ago by AGORACOM
about 588 days ago by JoshuaHayes
about 609 days ago by diamondzrock
about 985 days ago by StockTickr
about 1103 days ago by UrbaneGorilla
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| MDM | 4.20 | +0.09 | +2.19% | 330.33M |
| MDH | 3.260 | -0.04 | -1.22% | 32.60M |
| MDF | 8.71 | +0.00 | +0.00% | 381.76M |
| MDD | 25.09 | +0.21 | +0.84% | |
| MDCO | 22.19 | +0.70 | +3.26% | 1.206B |
| MDCA | 9.74 | +0.19 | +1.99% | 301.16M |
| LNT | 44.10 | +0.06 | +0.14% | 4.896B |
| LNN | 57.74 | +1.10 | +1.94% | 733.30M |
| LNKD | 101.40 | +1.46 | +1.46% | 10.24B |
| LNG | 15.64 | +0.63 | +4.20% | 2.356B |
