Polypore International (PPO)
Polypore International Tangible Common Equity Ratio: -7.37%
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PPO Tangible Common Equity Ratio Rankings
| Overall | 88th percentile | 517 of 4390 |
| Sector | 86th percentile | 44 of 317 in Industrial Goods |
| Industry | 77th percentile | 4 of 18 in Industrial Equipment & Components |
PPO Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -107.2% | Jun 2007 |
| Maximum | -7.37% | Mar 2012 |
| Average | -44.32% |
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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PPO News
about 9 days ago by BollingerBandit
May 07, 2:12AM Benzinga
about 25 days ago by HighGrowthFinancial
about 25 days ago by 1nvestor
about 28 days ago by CoolBreeze
about 28 days ago by CoolBreeze
May 03, 8:19AM Street Insider
May 02, 11:00PM Seeking Alpha
about 29 days ago by earningscast
about 29 days ago by earthdogpj
about 30 days ago by CoolBreeze
about 30 days ago by Fibline
Apr 02, 4:01PM GlobeNewswire
Feb 27, 7:27AM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PPO | 37.22 | -0.78 | -2.05% | 1.767B |
| PNBC | 0.7131 | -0.09 | -10.86% | 2.375M |
| PMTC | 19.99 | -0.48 | -2.34% | 2.438B |
| PMT | 18.21 | -0.24 | -1.30% | 554.61M |
| PMR | 24.58 | -0.39 | -1.56% | |
| PMNA | 10.48 | -0.19 | -1.78% | |
| PMM | 7.89 | -0.01 | -0.13% | |
| PMFG | 7.64 | -0.17 | -2.18% | 158.39M |
| PMF | 15.05 | +0.03 | +0.20% | |
| PMCS | 6.375 | -0.04 | -0.70% | 1.488B |
