Nexxus Lighting (NEXS)
Nexxus Lighting Tangible Common Equity Ratio: 51.01%
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NEXS Tangible Common Equity Ratio Rankings
| Overall | 35th percentile | 2831 of 4391 |
| Sector | 52nd percentile | 389 of 813 in Technology |
| Industry | 56th percentile | 27 of 62 in Communication Equipment |
NEXS Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 23.34% | Sep 2009 |
| Maximum | 74.98% | Sep 2007 |
| Average | 54.93% |
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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NEXS News
May 01, 6:56AM Street Insider
May 01, 6:55AM PR Newswire
about 35 days ago by fsp
about 35 days ago by fsp
about 56 days ago by MarketBrief
Feb 13, 8:30AM PR Newswire
Feb 02, 10:45AM PR Newswire
Jan 20, 8:30AM PR Newswire
Dec 19, 8:30AM PR Newswire
Nov 30, 8:30AM PR Newswire
Sep 07, 8:00AM PR Newswire
Aug 08, 11:00AM PR Newswire
Jul 20, 9:39AM FlyOnTheWall
Jul 20, 8:30AM PR Newswire
about 346 days ago by stocktipper
about 440 days ago by HotStockEarning
about 440 days ago by momomiester
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NEXS | 0.47 | +0.05 | +11.93% | 6.907M |
| NEWT | 1.343 | +0.01 | +0.99% | 49.17M |
| NEWS | 11.17 | -0.69 | -5.82% | 586.36M |
| NEWP | 12.04 | -0.28 | -2.27% | 465.33M |
| NEWN | 0.6001 | -0.03 | -4.75% | 9.166M |
| NEWL | 1.562 | -0.10 | -5.90% | 13.01M |
| NEV | 15.57 | +0.04 | +0.26% | |
| NEU | 215.62 | -2.16 | -0.99% | 2.918B |
| NETC | 13.09 | -0.17 | -1.28% | 1.518B |
| MRCY | 11.65 | -0.16 | -1.35% | 364.46M |
