PSS World Medical (PSSI)
PSS World Medical Tangible Common Equity Ratio: 14.95%
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PSSI Tangible Common Equity Ratio Rankings
| Overall | 69th percentile | 1323 of 4390 |
| Sector | 68th percentile | 272 of 855 in Services |
| Industry | 85th percentile | 1 of 7 in Medical Equipment Wholesale |
PSSI Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 14.95% | Mar 2012 |
| Maximum | 37.45% | Jun 2007 |
| Average | 30.48% |
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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PSSI News
about 2 days ago by MarketBrief
about 14 days ago by Good2go
about 21 days ago by TradeBot
about 22 days ago by earningscast
May 10, 7:00AM GlobeNewswire
Apr 26, 2:00PM GlobeNewswire
Mar 22, 4:43AM Benzinga
Feb 24, 4:15PM GlobeNewswire
Feb 16, 4:46PM Street Insider
Feb 16, 4:45PM GlobeNewswire
Feb 10, 7:41AM Street Insider
Feb 10, 7:33AM Benzinga
about 115 days ago by tomj
about 127 days ago by Benzinga
about 184 days ago by aaronjackson
about 191 days ago by redman59
about 311 days ago by TER_Intraday
about 312 days ago by bullishtech
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PSSI | 20.24 | +0.18 | +0.90% | 1.029B |
| POR | 25.15 | +0.09 | +0.36% | 1.889B |
| POPE | 48.69 | +0.69 | +1.44% | 211.68M |
| POM | 19.07 | +0.10 | +0.53% | 4.322B |
| POL | 13.23 | +0.23 | +1.77% | 1.158B |
| PODD | 18.43 | -0.08 | -0.43% | 880.71M |
| PNY | 30.30 | +0.63 | +2.12% | 2.146B |
| PNX | 1.61 | -0.02 | -1.23% | 189.59M |
| PNW | 49.35 | +0.50 | +1.02% | 5.337B |
| PLX | 6.42 | +0.07 | +1.10% | 576.71M |
