Xerium Technologies (XRM)
Xerium Technologies Tangible Common Equity Ratio: -15.27%
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XRM Tangible Common Equity Ratio Rankings
| Overall | 90th percentile | 438 of 4388 |
| Sector | 83rd percentile | 63 of 379 in Consumer Goods |
| Industry | 88th percentile | 2 of 17 in Paper & Paper Products |
XRM Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -39.18% | Mar 2010 |
| Maximum | -8.09% | Mar 2011 |
| Average | -23.45% |
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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XRM News
about 14 days ago by MarketBrief
about 14 days ago by MarketBrief
about 14 days ago by MarketBrief
about 14 days ago by MarketBrief
May 09, 6:50PM Seeking Alpha
about 23 days ago by earningscast
about 72 days ago by StockRaker
Mar 14, 1:50PM Seeking Alpha
about 79 days ago by earningscast
Feb 01, 7:00AM Business Wire
about 127 days ago by ThatGuy
about 129 days ago by valuewalk
about 485 days ago by ToddinFL
about 494 days ago by reditum
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| XRM | 3.40 | -0.20 | -5.56% | 54.54M |
| WRE | 27.80 | -0.34 | -1.21% | 1.865B |
| WRC | 42.34 | -2.17 | -4.88% | 1.798B |
| WRB | 37.96 | -0.36 | -0.94% | 5.284B |
| WR | 28.73 | +0.11 | +0.38% | 3.607B |
| WPZ | 52.49 | -0.41 | -0.78% | 16.14B |
| WPRT | 23.44 | -0.97 | -3.97% | |
| WPPGY | 57.45 | -2.38 | -3.98% | 15.08B |
| WPP | 9.04 | -0.17 | -1.85% | 454.05M |
| WPO | 349.70 | +0.88 | +0.25% | 2.658B |
