Meridian Bioscience (VIVO)
Meridian Bioscience Tangible Common Equity Ratio: 85.87%
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VIVO Tangible Common Equity Ratio Rankings
| Overall | 6th percentile | 4123 of 4388 |
| Sector | 10th percentile | 451 of 506 in Healthcare |
| Industry | 10th percentile | 17 of 19 in Diagnostic Substances |
VIVO Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 82.56% | Sep 2007 |
| Maximum | 91.06% | Jun 2010 |
| Average | 86.37% |
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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VIVO News
May 14, 2:20AM Benzinga
Apr 26, 8:17AM Street Insider
Apr 16, 8:36AM Street Insider
Apr 12, 3:07PM Business Wire
Mar 30, 5:16AM Benzinga
Mar 21, 7:05AM Street Insider
Mar 08, 9:02AM Street Insider
Feb 27, 7:01AM Street Insider
Feb 27, 7:00AM Business Wire
Feb 16, 7:00AM Business Wire
Feb 13, 5:07AM Benzinga
Feb 10, 2:18PM Street Insider
about 122 days ago by AlphaoverBetaTrading
about 171 days ago by MarketBrief
about 201 days ago by MichaelKudrna
about 205 days ago by DynamicDividend
about 208 days ago by MichaelKudrna
about 211 days ago by Campagnatrading
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| VIVO | 18.91 | -0.03 | -0.16% | 781.28M |
| VIV | 23.69 | +0.07 | +0.30% | 9.007B |
| VITC | 7.54 | -0.15 | -1.95% | 255.54M |
| VIT | 9.00 | -0.18 | -1.96% | 388.50M |
| VIST | 11.30 | -0.01 | -0.09% | 74.53M |
| VISN | 0.98 | +0.02 | +2.08% | 98.16M |
| VGR | 16.42 | -0.18 | -1.08% | 1.319B |
| VGEM | 18.07 | +0.00 | +0.00% | |
| VG | 1.71 | -0.12 | -6.56% | 412.90M |
| VFL | 13.79 | +0.13 | +0.95% |
