Mettler Toledo International (MTD)
Mettler Toledo International Tangible Common Equity Ratio: 15.24%
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MTD Tangible Common Equity Ratio Rankings
| Overall | 69th percentile | 1332 of 4391 |
| Sector | 75th percentile | 121 of 504 in Healthcare |
| Industry | 75th percentile | 16 of 64 in Medical Instruments & Supplies |
MTD Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -2.01% | Sep 2008 |
| Maximum | 15.57% | Jun 2011 |
| Average | 8.22% |
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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MTD News
May 30, 9:47AM Thomson Reuters ONE
May 29, 1:50PM Thomson Reuters ONE
May 04, 12:32PM Fox Business
May 03, 9:20PM Seeking Alpha
about 28 days ago by earningscast
May 01, 12:27PM Thomson Reuters ONE
Apr 26, 10:47AM Thomson Reuters ONE
about 77 days ago by MarketBrief
Feb 22, 9:11AM PR Newswire
about 105 days ago by MarketBrief
about 105 days ago by MarketBrief
about 106 days ago by MarketBrief
about 106 days ago by MarketBrief
Feb 09, 2:55PM Street Insider
Feb 09, 1:41PM Street Insider
Feb 09, 8:45AM Benzinga
Feb 09, 7:42AM Benzinga
Feb 08, 8:59PM Seeking Alpha
about 113 days ago by earningscast
Feb 08, 4:26PM Street Insider
Feb 01, 1:44PM PR Newswire
about 120 days ago by PARmonitor
about 176 days ago by MarketBrief
about 176 days ago by MarketBrief
about 198 days ago by MarketBrief
about 198 days ago by MarketBrief
about 203 days ago by MarketBrief
about 203 days ago by MarketBrief
about 204 days ago by MarketBrief
about 204 days ago by MarketBrief
about 207 days ago by JFDI
about 208 days ago by 1nvestor
about 308 days ago by Benzinga
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| MTD | 159.84 | -6.66 | -4.00% | 5.046B |
| MHI | 15.65 | +0.00 | +0.00% | |
| MHH | 5.82 | -0.03 | -0.51% | 18.27M |
| MHGC | 4.45 | -0.06 | -1.33% | 137.02M |
| MHF | 8.22 | -0.04 | -0.48% | |
| MGYR | 4.00 | -0.15 | -3.61% | 23.16M |
| MGV | 39.11 | -0.55 | -1.39% | |
| MGT | 4.80 | -0.05 | -1.03% | 10.13M |
| MGRC | 24.95 | -0.40 | -1.58% | 614.27M |
| MGPI | 3.37 | -0.13 | -3.71% | 60.36M |