PetSmart (PETM)
PetSmart Tangible Common Equity Ratio: 43.55%
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PETM Tangible Common Equity Ratio Rankings
| Overall | 42nd percentile | 2512 of 4391 |
| Sector | 39th percentile | 512 of 852 in Services |
| Industry | 40th percentile | 19 of 32 in Specialty Retail, Other |
PETM Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 41.43% | Oct 2007 |
| Maximum | 49.13% | Jul 2007 |
| Average | 45.73% |
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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PETM News
about 5 hours ago by gstocktrade6
about a day ago by MarketBrief
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about a day ago by 1nvestor
about a day ago by harmongreg
about a day ago by MarketBrief
May 29, 4:34PM Fox Business
about a day ago by DarvasTrader
May 29, 9:01AM Street Insider
about 3 days ago by bradloncar
about 6 days ago by azendrian
about 7 days ago by spectre009
May 23, 2:28PM Street Insider
May 23, 12:54PM Street Insider
May 23, 10:46AM Street Insider
May 23, 9:13AM Street Insider
May 23, 7:55AM Street Insider
May 22, 4:04PM Street Insider
May 16, 8:18PM Business Wire
May 10, 10:56AM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PETM | 64.46 | -0.05 | -0.08% | 7.089B |
| OWW | 3.74 | -0.11 | -2.86% | 399.59M |
| OVTI | 15.22 | -0.18 | -1.20% | 898.90M |
| OVRL | 2.12 | +0.00 | +0.00% | 57.56M |
| OVLY | 7.41 | +0.12 | +1.66% | 57.21M |
| OVBC | 20.10 | +0.00 | +0.00% | 81.00M |
| OUTD | 6.46 | -0.17 | -2.56% | 171.12M |
| NYH | 13.97 | +0.17 | +1.26% | |
| NYF | 111.22 | +0.24 | +0.22% | |
| NYC | 69.79 | +0.75 | +1.08% |
