National Presto Industries (NPK)
National Presto Industries Tangible Common Equity Ratio: 80.65%
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NPK Tangible Common Equity Ratio Rankings
| Overall | 9th percentile | 3954 of 4391 |
| Sector | 6th percentile | 356 of 381 in Consumer Goods |
| Industry | 0th percentile | 6 of 6 in Appliances |
NPK Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 77.96% | Dec 2007 |
| Maximum | 85.02% | Jun 2011 |
| Average | 82.48% |
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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NPK News
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about 87 days ago by TradeBot
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about 100 days ago by wallstreetbean
about 305 days ago by STNet
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NPK | 66.00 | -0.43 | -0.65% | 457.04M |
| NNBR | 7.68 | -0.39 | -4.83% | 136.79M |
| NNA | 2.585 | -0.01 | -0.19% | 104.95M |
| NMT | 15.12 | -0.11 | -0.71% | |
| NMRX | 8.92 | -0.06 | -0.67% | 136.14M |
| NMR | 3.27 | -0.05 | -1.51% | 12.16B |
| 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% |
