TearLab Corporation (TEAR)
TearLab Corporation Tangible Common Equity Ratio: -12.58%
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TEAR Tangible Common Equity Ratio Rankings
| Overall | 89th percentile | 464 of 4388 |
| Sector | 86th percentile | 68 of 506 in Healthcare |
| Industry | 66th percentile | 8 of 24 in Medical Laboratories & Research |
TEAR Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -550.5% | Jun 2008 |
| Maximum | 41.15% | Jun 2010 |
| Average | -65.40% |
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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TEAR News
May 24, 8:15AM GlobeNewswire
May 14, 10:07AM Street Insider
about 25 days ago by TheEquitiesRoom
May 03, 8:30PM GlobeNewswire
May 01, 9:00AM GlobeNewswire
about 36 days ago by Woodshedder
Apr 11, 7:45AM GlobeNewswire
Apr 10, 4:02PM Benzinga
about 53 days ago by TradeIdeasQuant
about 57 days ago by kunal00
about 60 days ago by Woodshedder
about 70 days ago by WallStJesus
about 70 days ago by WallStJesus
about 70 days ago by Fibline
about 70 days ago by WallStJesus
about 70 days ago by InvestorsGuru
about 70 days ago by 228investing
about 70 days ago by 228investing
about 70 days ago by Bav111
Mar 08, 4:30PM GlobeNewswire
Dec 13, 2:41PM Street Insider
Nov 22, 10:30AM GlobeNewswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| TEAR | 3.02 | -0.22 | -6.79% | 66.16M |
| TEA | 13.04 | -0.24 | -1.81% | 508.76M |
| TE | 17.19 | -0.21 | -1.21% | 3.755B |
| TDY | 57.17 | -2.41 | -4.04% | 2.187B |
| TDW | 44.47 | -0.61 | -1.35% | 2.306B |
| TDS.S | 26.92 | +0.07 | +0.26% | |
| TDS | 19.44 | -0.41 | -2.07% | 2.153B |
| TDD | 21.62 | -0.01 | -0.05% | |
| TDC | 64.65 | -1.83 | -2.75% | 11.19B |
| TD | 73.86 | -2.51 | -3.29% | 68.96B |
