Movado Group (MOV)
Movado Group Tangible Common Equity Ratio: 77.87%
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MOV Tangible Common Equity Ratio Rankings
| Overall | 11th percentile | 3865 of 4391 |
| Sector | 8th percentile | 349 of 381 in Consumer Goods |
| Industry | 9th percentile | 9 of 10 in Recreational Goods, Other |
MOV Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 66.24% | Jul 2007 |
| Maximum | 81.47% | Jul 2011 |
| Average | 75.55% |
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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MOV News
May 30, 5:22PM Street Insider
about 7 days ago by abrod520
about 7 days ago by TradeIdeasQuant
about 8 days ago by prostocktrader
about 8 days ago by Legacy_Trades
about 8 days ago by abrod520
about 8 days ago by Street_Insider
May 23, 7:36AM Street Insider
May 23, 7:32AM Benzinga
about 15 days ago by Fernandinho
about 22 days ago by DynamicDividend
about 27 days ago by MarketBrief
about 34 days ago by abrod520
about 35 days ago by TraderFoxxx
Mar 29, 7:34AM Street Insider
Mar 29, 7:31AM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| MOV | 28.45 | -0.34 | -1.18% | 525.99M |
| MOTR | 0.6551 | -0.07 | -9.03% | 33.25M |
| MOSY | 3.01 | -0.01 | -0.33% | 116.87M |
| MOS | 47.92 | -1.54 | -3.11% | 21.04B |
| MORT | 25.24 | -0.17 | -0.67% | |
| MORN | 56.53 | -0.94 | -1.64% | 2.881B |
| MOO | 47.04 | -0.65 | -1.36% | |
| MON | 76.42 | +1.67 | +2.23% | 40.02B |
| MOLXA | 19.69 | -0.29 | -1.45% | 3.477B |
| MOLX | 23.19 | -0.37 | -1.57% | 4.148B |
