MWI Veterinary Supply (MWIV)
MWI Veterinary Supply Tangible Common Equity Ratio: 40.87%
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MWIV Tangible Common Equity Ratio Rankings
| Overall | 45th percentile | 2404 of 4391 |
| Sector | 42nd percentile | 489 of 852 in Services |
| Industry | 28th percentile | 5 of 7 in Medical Equipment Wholesale |
MWIV Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 40.72% | Dec 2011 |
| Maximum | 57.58% | Dec 2009 |
| Average | 49.65% |
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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MWIV News
about 28 days ago by earningscast
May 03, 7:40AM Street Insider
May 03, 7:00AM Marketwire
about 51 days ago by RecogniaEvents
Mar 22, 4:43AM Benzinga
Feb 13, 12:25PM Business Wire
Feb 06, 7:32AM Street Insider
about 119 days ago by earningscast
Feb 02, 8:49AM Street Insider
Feb 02, 7:00AM Marketwire
about 122 days ago by BullAllTheWay
about 134 days ago by StockSage1
about 134 days ago by EconomicDisconnect
about 153 days ago by MarketBrief
about 154 days ago by MarketBrief
Nov 03, 7:47AM Street Insider
Nov 03, 7:00AM Marketwire
about 305 days ago by redman59
about 362 days ago by canarionyc
about 362 days ago by canarionyc
about 393 days ago by canarionyc
about 393 days ago by canarionyc
about 393 days ago by canarionyc
about 622 days ago by traderjaz
about 644 days ago by OptionRadar
about 685 days ago by traderjaz
about 709 days ago by IBDinvestors
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| MWIV | 93.77 | -0.63 | -0.67% | 1.201B |
| MOVED | 8.29 | +0.22 | +2.73% | |
| MOVE | 8.03 | -0.26 | -3.14% | 326.96M |
| 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% |