Neptune Technologies & Bioresources (NEPT)
Neptune Technologies & Bioresources Tangible Common Equity Ratio: 76.61%
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NEPT Tangible Common Equity Ratio Rankings
| Overall | 12th percentile | 3822 of 4391 |
| Sector | 23rd percentile | 387 of 504 in Healthcare |
| Industry | 27th percentile | 116 of 160 in Biotechnology |
NEPT Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 28.19% | Aug 2009 |
| Maximum | 76.61% | Nov 2011 |
| Average | 52.85% |
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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NEPT News
May 30, 5:22PM Street Insider
about 4 days ago by fallondpicks
May 25, 12:33PM Fox Business
about 6 days ago by MarketScanners
May 23, 8:57AM Thomson Reuters ONE
May 22, 3:00AM GlobeNewswire
May 22, 3:00AM GlobeNewswire
about 9 days ago by TradeIdeasQuant
May 10, 4:16PM Thomson Reuters ONE
about 23 days ago by epime7heus
May 03, 8:00AM GlobeNewswire
about 34 days ago by abubnic
Apr 26, 9:37AM Street Insider
Apr 25, 2:48PM Thomson Reuters ONE
Apr 02, 7:01AM Marketwire
Mar 27, 8:00AM GlobeNewswire
about 67 days ago by nobody99
Mar 09, 10:00AM GlobeNewswire
Mar 06, 8:00AM GlobeNewswire
Mar 02, 2:27PM Thomson Reuters ONE
Feb 15, 8:00AM GlobeNewswire
Feb 07, 11:52AM GlobeNewswire
Feb 02, 12:24PM GlobeNewswire
about 150 days ago by Tr8r_x
about 181 days ago by HowardGroup
about 188 days ago by HowardGroup
about 189 days ago by HowardGroup
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NEPT | 3.80 | +0.00 | +0.00% | 183.46M |
| NEP | 3.11 | +0.00 | +0.00% | 110.28M |
| NEOG | 38.47 | -0.09 | -0.23% | 907.32M |
| NEN | 27.00 | +0.00 | +0.00% | 85.32M |
| NEM | 47.85 | -0.33 | -0.68% | 23.62B |
| NEI | 0.80 | +0.01 | +1.27% | 33.61M |
| NEE | 65.15 | -0.49 | -0.75% | 27.32B |
| NEBS | 9.78 | -0.71 | -6.77% | 63.99M |
| NEA | 15.00 | -0.02 | -0.13% | |
| NE | 32.61 | -1.54 | -4.51% | 8.612B |