Nova Measuring Instruments (NVMI)
Nova Measuring Instruments Tangible Common Equity Ratio: 82.14%
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NVMI Tangible Common Equity Ratio Rankings
| Overall | 8th percentile | 4002 of 4391 |
| Sector | 5th percentile | 301 of 317 in Industrial Goods |
| Industry | 1st percentile | 53 of 54 in Diversified Machinery |
NVMI Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 57.01% | Dec 2007 |
| Maximum | 84.91% | Dec 2011 |
| Average | 68.91% |
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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NVMI News
about 15 days ago by RecogniaEvents
May 15, 7:30AM Street Insider
May 14, 4:30AM PR Newswire
May 02, 12:51PM Seeking Alpha
May 02, 6:49AM Street Insider
about 30 days ago by RecogniaEvents
Apr 19, 3:26AM Benzinga
Apr 04, 4:30AM PR Newswire
about 58 days ago by PostNineSix
Mar 29, 3:09AM PR Newswire
Mar 13, 11:02AM PR Newswire
Mar 13, 7:42AM Street Insider
Feb 27, 8:27AM PR Newswire
Feb 15, 3:07PM Seeking Alpha
Feb 15, 6:46AM Street Insider
about 106 days ago by szaman
about 262 days ago by harmongreg
about 263 days ago by harmongreg
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about 330 days ago by ChartSwingTrade
about 378 days ago by stMikeL
about 379 days ago by hertcapital
about 379 days ago by hertcapital
about 382 days ago by harmongreg
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about 384 days ago by judy27
about 384 days ago by DarvasTrader
about 384 days ago by judy27
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NVMI | 7.00 | +0.00 | +0.00% | 183.89M |
| 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 |