Novellus Systems (NVLS)
Novellus Systems Tangible Common Equity Ratio: 34.68%
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NVLS Tangible Common Equity Ratio Rankings
| Overall | 52nd percentile | 2107 of 4391 |
| Sector | 66th percentile | 269 of 813 in Technology |
| Industry | 93rd percentile | 3 of 43 in Semiconductor Equipment & Materials |
NVLS Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 34.68% | Mar 2012 |
| Maximum | 74.65% | Mar 2009 |
| Average | 66.53% |
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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NVLS News
about 13 days ago by RecogniaEvents
about 13 days ago by RecogniaEvents
May 16, 6:34AM theflyonthewall.com
about 20 days ago by odyssea
about 41 days ago by RecogniaEvents
Apr 19, 7:58AM Street Insider
Apr 19, 7:56AM Street Insider
about 71 days ago by ycharts
about 96 days ago by ycharts
about 101 days ago by 1nvestor
about 113 days ago by tradewithpete
Feb 02, 8:40PM Seeking Alpha
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NVLS | 42.29 | -1.21 | -2.78% | 3.080B |
| NVJ | 15.54 | -0.05 | -0.30% | |
| NVEC | 51.74 | -1.01 | -1.91% | 254.26M |
| NVE | 17.09 | -0.16 | -0.93% | 4.071B |
| NVDA | 12.54 | -0.18 | -1.42% | 7.857B |
| 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 |
