Return On Tangible Equity: Net income for a time period divided by tangible equity. This ratio is sometimes used to measure profitability or the efficiency with which the owners' financial investments are being employed. The value of intangible assets such as goodwill is excluded from this ratio in order to better reflect actual operating profitability. Higher values for this ratio indicate better financial performance. The specific value obtained for a business should be evaluated in relation to the returns that can be obtained from alternative investments of capital. An alternate form of this ratio can also be computed using pre-tax income instead of net income.

 

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Return On Tangible Equity: Net income for a time period divided by tangible equity. This ratio is sometimes used to measure profitability or the efficiency with which the owners' financial investments are being employ . . . View Full Definition

Tangible Net Worth: Equity less intangible assets. See the ratios of debt to tangible equity, fixed assets to tangible equity, and return on tangible equity.

Onside Kick: A play in which the kicking team tries to recover the kicked ball.

Ontario: Developed in 1908 at the N.Y. Research Station, it is now used sparingly as a white tablegrape because of its strong American labruscana flavor. It in turn was derived from the Winchell and . . . View Full Definition