Polaris Industries (PII)
Polaris Industries Tangible Common Equity Ratio: 41.15%
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PII Tangible Common Equity Ratio Rankings
| Overall | 45th percentile | 2413 of 4390 |
| Sector | 47th percentile | 200 of 381 in Consumer Goods |
| Industry | 66th percentile | 2 of 6 in Recreational Vehicles |
PII Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 14.53% | Sep 2008 |
| Maximum | 41.15% | Mar 2012 |
| Average | 25.36% |
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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PII News
about 6 days ago by brentkrug
May 17, 2:57PM Business Wire
about 16 days ago by lamonicabuzz
about 17 days ago by MarketBrief
about 21 days ago by billgunderson
about 24 days ago by DanZanger
about 29 days ago by traderstewie
about 31 days ago by MarketBrief
about 36 days ago by traderstewie
about 36 days ago by TheOxenGroup
Apr 19, 12:28PM Seeking Alpha
Apr 18, 12:57PM Benzinga
Apr 18, 12:55PM Benzinga
Apr 18, 11:13AM Street Insider
Apr 18, 6:46AM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PII | 75.98 | -1.06 | -1.38% | 5.276B |
| PID | 13.94 | +0.03 | +0.22% | |
| PICO | 22.16 | +0.22 | +1.00% | 498.04M |
| PIC | 15.36 | -0.20 | -1.29% | |
| PIA | 9.20 | +0.02 | +0.22% | |
| PHYS | 13.31 | -0.02 | -0.15% | |
| PHX | 25.49 | +0.07 | +0.28% | 209.97M |
| PGI | 8.35 | +0.09 | +1.09% | 414.32M |
| PGH | 7.08 | +0.06 | +0.85% | 2.543B |
| PGC | 14.93 | +0.10 | +0.67% | 131.54M |
