PDI (PDII)
PDI Tangible Common Equity Ratio: 38.22%
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PDII Tangible Common Equity Ratio Rankings
| Overall | 48th percentile | 2278 of 4390 |
| Sector | 46th percentile | 460 of 855 in Services |
| Industry | 45th percentile | 50 of 91 in Business Services |
PDII Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 38.22% | Dec 2011 |
| Maximum | 77.44% | Mar 2008 |
| Average | 63.45% |
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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PDII News
May 08, 8:30AM PR Newswire
about 38 days ago by justfurkids
about 50 days ago by RecogniaEvents
Mar 15, 7:10AM theflyonthewall.com
Jan 26, 8:30AM PR Newswire
Nov 18, 8:05AM Street Insider
Oct 27, 8:30AM PR Newswire
about 337 days ago by cmason595dm
about 619 days ago by candlestickpick
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PDII | 7.41 | -0.05 | -0.67% | 111.08M |
| PDFS | 8.84 | +0.10 | +1.14% | 248.74M |
| PDEX | 2.00 | +0.15 | +8.11% | 6.54M |
| ROG | 40.26 | +0.26 | +0.65% | 650.80M |
| RODM | 0.50 | -0.08 | -13.79% | 19.95M |
| ROCM | 9.95 | +0.00 | +0.00% | 120.40M |
| ROCK | 10.24 | +0.00 | +0.00% | 312.73M |
| ROC | 48.40 | -0.43 | -0.88% | 3.778B |
| RNWKD | 8.72 | -0.09 | -1.02% | |
| RNWK | 8.86 | +0.14 | +1.61% | 301.10M |
