Patterson Companies (PDCO)
Patterson Companies Tangible Common Equity Ratio: 20.53%
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PDCO Tangible Common Equity Ratio Rankings
| Overall | 65th percentile | 1522 of 4390 |
| Sector | 63rd percentile | 309 of 855 in Services |
| Industry | 71st percentile | 2 of 7 in Medical Equipment Wholesale |
PDCO Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 10.30% | Apr 2008 |
| Maximum | 53.14% | Oct 2007 |
| Average | 27.84% |
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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PDCO News
May 25, 10:48AM Street Insider
May 25, 9:16AM Benzinga
May 24, 2:00PM Street Insider
May 24, 12:50PM Seeking Alpha
about 8 days ago by earningscast
May 08, 2:20PM Business Wire
about 36 days ago by jackdamn
Apr 02, 4:15PM Benzinga
about 60 days ago by DynamicDividend
about 79 days ago by DynamicDividend
Mar 14, 8:02AM Street Insider
about 89 days ago by bradloncar
Feb 23, 2:40PM Seeking Alpha
about 151 days ago by DynamicDividend
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PDCO | 33.24 | -0.50 | -1.48% | 3.744B |
| PDC | 7.44 | -0.07 | -0.93% | 464.34M |
| PCYO | 2.21 | -0.05 | -2.21% | 54.33M |
| PCYG | 3.39 | +0.02 | +0.59% | 39.87M |
| PCYC | 31.42 | -0.68 | -2.12% | 2.209B |
| PCY | 27.70 | +0.03 | +0.09% | |
| PCX | 2.37 | -0.01 | -0.42% | 221.15M |
| PCTI | 6.11 | +0.09 | +1.50% | 111.31M |
| PCS | 6.40 | +0.07 | +1.11% | 2.295B |
| PCRX | 10.62 | -0.05 | -0.47% | 271.12M |
