China Nepstar Chain Drugstore (NPD)
China Nepstar Chain Drugstore Tangible Common Equity Ratio: 68.85%
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NPD Tangible Common Equity Ratio Rankings
| Overall | 19th percentile | 3547 of 4391 |
| Sector | 13th percentile | 741 of 852 in Services |
| Industry | 12th percentile | 7 of 8 in Drug Stores |
NPD Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 8.87% | Sep 2007 |
| Maximum | 86.52% | Jun 2009 |
| Average | 69.96% |
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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NPD News
May 24, 1:03PM Street Insider
May 24, 12:47PM The Wall Street Journal
about 19 days ago by GOTUBRAD
May 09, 6:00AM PR Newswire
Mar 28, 3:00AM PR Newswire
about 145 days ago by nvhp
Nov 28, 6:48AM Street Insider
Nov 28, 2:30AM PR Newswire
Sep 22, 7:00AM PR Newswire
Aug 23, 6:51AM Benzinga
Aug 23, 6:35AM Street Insider
about 369 days ago by Swissinvestor
about 371 days ago by Alphatrender2011
about 492 days ago by DynamicDividend
about 493 days ago by chartly
about 498 days ago by Street_Insider
about 510 days ago by DynamicDividend
about 516 days ago by maxdamdave
about 517 days ago by Jaymo
about 559 days ago by NateTheTrader
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NPD | 2.62 | -0.17 | -6.09% | 287.73M |
| NPBC | 8.80 | -0.14 | -1.57% | 1.361B |
| NHC | 43.24 | -0.25 | -0.57% | 602.77M |
| NGZ | 12.75 | +0.09 | +0.71% | |
| NGX | 15.31 | -0.03 | -0.20% | |
| NGT | 21.35 | -0.15 | -0.70% | 125.96M |
| NGSX | 0.35 | -0.02 | -5.41% | 11.07M |
| NGB | 16.30 | -0.25 | -1.51% | |
| NG | 5.91 | +0.15 | +2.60% | 1.601B |
| NFZ | 14.65 | -0.02 | -0.14% |
