Navios Maritime Partners (NMM)
Navios Maritime Partners Tangible Common Equity Ratio: 54.84%
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NMM Tangible Common Equity Ratio Rankings
| Overall | 31st percentile | 2998 of 4391 |
| Sector | 26th percentile | 624 of 852 in Services |
| Industry | 23rd percentile | 32 of 42 in Shipping |
NMM Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 11.80% | Jun 2008 |
| Maximum | 54.84% | Mar 2012 |
| Average | 35.73% |
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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NMM News
May 22, 11:00AM Benzinga
May 22, 10:04AM Street Insider
May 17, 7:28AM Marketwire
May 03, 9:18AM Benzinga
May 02, 4:05PM Marketwire
Apr 26, 7:15AM Marketwire
Apr 25, 8:57AM Street Insider
Apr 25, 8:53AM Marketwire
Jan 26, 7:27AM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NMM | 13.98 | -0.37 | -2.58% | 672.87M |
| NMD | 12.32 | +0.01 | +0.08% | |
| NMAR | 9.56 | +0.00 | +0.00% | |
| NMA | 15.10 | -0.01 | -0.07% | |
| NM | 3.40 | -0.09 | -2.58% | 357.41M |
| NLY | 16.58 | -0.18 | -1.07% | 16.26B |
| NLST | 2.36 | -0.01 | -0.42% | 63.97M |
| NLSN | 27.67 | -0.42 | -1.50% | 10.13B |
| NLS | 2.92 | +0.04 | +1.39% | 88.56M |
| NLNK | 13.26 | +0.05 | +0.38% | 271.99M |
