Protalix BioTherapeutics (PLX)
Protalix BioTherapeutics Tangible Common Equity Ratio: -9.43%
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PLX Tangible Common Equity Ratio Rankings
| Overall | 88th percentile | 492 of 4390 |
| Sector | 86th percentile | 69 of 506 in Healthcare |
| Industry | 88th percentile | 19 of 160 in Biotechnology |
PLX Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -50.34% | Dec 2011 |
| Maximum | 93.47% | Dec 2007 |
| Average | 39.06% |
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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PLX News
May 29, 7:30AM GlobeNewswire
about 21 days ago by BiopharmaPro
about 21 days ago by gantosj
May 10, 7:30AM GlobeNewswire
about 23 days ago by johnkelly
about 23 days ago by johnkelly
about 24 days ago by peterumble
about 26 days ago by Glopolon
about 27 days ago by gotgame83
about 27 days ago by gotgame83
about 27 days ago by johnkelly
Apr 19, 9:14AM Street Insider
Mar 16, 4:01PM GlobeNewswire
Mar 01, 10:42AM Street Insider
Feb 23, 7:30AM GlobeNewswire
Feb 22, 4:15PM GlobeNewswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PLX | 6.14 | -0.21 | -3.31% | 576.71M |
| SONC | 8.28 | +0.01 | +0.12% | 500.75M |
| SON | 30.48 | -0.33 | -1.07% | 3.098B |
| SOMX | 0.30 | +0.01 | +3.45% | 13.95M |
| SOMH | 8.50 | +0.00 | +0.00% | 45.39M |
| SOL | 1.24 | -0.02 | -1.59% | 109.43M |
| SOHU | 43.01 | -1.76 | -3.93% | 1.705B |
| SOFO | 7.200 | -0.00 | -0.00% | 27.72M |
| SNSS | 2.90 | -0.11 | -3.65% | 140.93M |
| SNPS | 29.14 | -0.41 | -1.39% | 4.308B |
