Perrigo Company (PRGO)
Perrigo Company Tangible Common Equity Ratio: 7.71%
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PRGO Tangible Common Equity Ratio Rankings
| Overall | 78th percentile | 930 of 4390 |
| Sector | 78th percentile | 107 of 506 in Healthcare |
| Industry | 80th percentile | 2 of 10 in Drug Related Products |
PRGO Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -5.84% | Jun 2010 |
| Maximum | 27.71% | Mar 2010 |
| Average | 15.49% |
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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PRGO News
about 9 hours ago by imhobutdydd
about 8 days ago by MarketBrief
May 18, 1:36PM Street Insider
May 18, 1:33PM Benzinga
about 15 days ago by hpymaggie
May 15, 10:28AM Benzinga
May 15, 10:13AM PR Newswire
about 18 days ago by imhobutdydd
about 20 days ago by mktgeist
May 09, 9:55AM Street Insider
May 09, 8:22AM Street Insider
about 23 days ago by imhobutdydd
about 23 days ago by abubnic
about 24 days ago by TradeIdeasQuant
about 24 days ago by TradeIdeasQuant
about 24 days ago by abubnic
about 25 days ago by abubnic
about 26 days ago by abubnic
Apr 24, 11:01AM PR Newswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PRGO | 103.89 | -0.74 | -0.71% | 9.762B |
| PRGN | 0.58 | +0.00 | +0.00% | 34.72M |
| PNR | 40.76 | -0.10 | -0.24% | 4.030B |
| PNQI | 37.80 | -0.18 | -0.47% | |
| PNNT | 9.75 | +0.11 | +1.14% | 528.85M |
| PNM | 18.65 | +0.13 | +0.70% | 1.475B |
| PNFP | 17.06 | +0.01 | +0.06% | 590.27M |
| PNF | 12.05 | -0.03 | -0.25% | |
| PNC | 61.42 | +0.07 | +0.11% | 32.37B |
| PNBK | 1.82 | +0.00 | +0.00% | 69.82M |
