MEMSIC (MEMS)
MEMSIC Tangible Common Equity Ratio: 64.55%
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MEMS Tangible Common Equity Ratio Rankings
| Overall | 23rd percentile | 3371 of 4391 |
| Sector | 37th percentile | 508 of 813 in Technology |
| Industry | 51st percentile | 15 of 31 in Semiconductor - Specialized |
MEMS Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 64.55% | Dec 2011 |
| Maximum | 97.65% | Sep 2008 |
| Average | 85.48% |
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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MEMS News
about 21 days ago by BlackBetty
about 21 days ago by Jackpot_Joker
May 09, 2:25PM Street Insider
about 22 days ago by TradeIdeasQuant
about 22 days ago by LukeKramer
May 09, 10:28AM Street Insider
about 22 days ago by TradeIdeasQuant
about 22 days ago by mikenjax
about 22 days ago by TradeIdeasQuant
about 22 days ago by tiernster
about 22 days ago by Jackpot_Joker
May 08, 4:10PM GlobeNewswire
about 23 days ago by tiernster
about 23 days ago by tiernster
about 23 days ago by tiernster
about 23 days ago by tiernster
about 24 days ago by Jackpot_Joker
about 24 days ago by TradeIdeasQuant
Mar 19, 3:06PM Street Insider
Mar 19, 7:35AM Street Insider
Dec 20, 9:47AM GlobeNewswire
Nov 08, 7:00AM Business Wire
Aug 25, 11:55AM GlobeNewswire
Aug 15, 3:30PM GlobeNewswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| MEMS | 2.25 | -0.04 | -1.75% | 54.94M |
| MELI | 73.80 | -0.33 | -0.45% | 3.272B |
| MELA | 2.55 | -0.06 | -2.30% | 79.14M |
| MEI | 7.45 | -0.13 | -1.72% | 280.61M |
| MEG | 3.49 | -0.17 | -4.64% | 85.42M |
| MEDW | 14.33 | -0.21 | -1.44% | 119.08M |
| MED | 18.07 | -0.79 | -4.19% | 280.27M |
| MEAS | 32.91 | -0.63 | -1.88% | 503.77M |
| MEAD | 3.54 | +0.00 | +0.00% | 4.354M |
| MAXY | 5.81 | -0.06 | -1.02% | 163.01M |