Novavax (NVAX)
Novavax Tangible Common Equity Ratio: 59.68%
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NVAX Tangible Common Equity Ratio Rankings
| Overall | 27th percentile | 3178 of 4391 |
| Sector | 44th percentile | 281 of 504 in Healthcare |
| Industry | 49th percentile | 81 of 160 in Biotechnology |
NVAX Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 13.36% | Mar 2009 |
| Maximum | 79.26% | Sep 2009 |
| Average | 56.02% |
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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NVAX News
May 09, 8:04AM Benzinga
about 22 days ago by micheleciani
about 23 days ago by StockTiger
about 23 days ago by StockTiger
about 23 days ago by MisterDevin
about 27 days ago by earningscast
about 27 days ago by micheleciani
about 28 days ago by micheleciani
May 02, 8:08AM Benzinga
May 02, 8:03AM Street Insider
about 30 days ago by MisterDevin
about 30 days ago by JVerns
Mar 22, 9:52AM GlobeNewswire
Mar 08, 9:00AM GlobeNewswire
Mar 01, 4:34PM Street Insider
Feb 24, 8:00AM GlobeNewswire
Jan 03, 8:17AM Street Insider
Jan 03, 8:06AM Benzinga
Nov 28, 12:17PM GlobeNewswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NVAX | 1.235 | -0.04 | -3.52% | 155.61M |
| NPK | 66.07 | -0.36 | -0.54% | 457.04M |
| NPF | 15.05 | -0.01 | -0.07% | |
| 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 |
