Active Power (ACPW)
Active Power Tangible Common Equity Ratio: 53.44%
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ACPW Tangible Common Equity Ratio Rankings
| Overall | 32nd percentile | 2943 of 4385 |
| Sector | 29th percentile | 225 of 317 in Industrial Goods |
| Industry | 24th percentile | 41 of 54 in Diversified Machinery |
ACPW Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 44.95% | Jun 2011 |
| Maximum | 81.77% | Sep 2007 |
| Average | 60.31% |
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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ACPW News
May 03, 9:30AM Marketwire
May 01, 12:15PM Marketwire
Apr 24, 8:45PM Seeking Alpha
about 33 days ago by earningscast
Apr 16, 10:30AM Marketwire
about 42 days ago by VexTrades
about 46 days ago by MarketBrief
Mar 19, 10:30AM Marketwire
Mar 07, 5:03PM Street Insider
Feb 23, 3:00AM Marketwire
Feb 14, 6:59PM Seeking Alpha
about 102 days ago by earningscast
about 102 days ago by Benzinga
about 104 days ago by NickEffinPowers
about 104 days ago by HHCOIN2010
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ACPW | 0.7397 | -0.00 | -0.04% | 70.19M |
| ACET | 8.25 | +0.03 | +0.36% | 221.10M |
| ACE | 73.18 | -0.06 | -0.08% | 24.67B |
| ACCU | 22.92 | +0.00 | +0.00% | |
| ACCL | 7.68 | -0.05 | -0.65% | 412.72M |
| ACC | 43.97 | -0.09 | -0.20% | 3.284B |
| ACAT | 36.10 | -0.24 | -0.66% | 456.66M |
| ACAS | 9.17 | -0.02 | -0.22% | 3.063B |
| ABVT | 83.29 | -0.03 | -0.04% | 2.188B |
| ABVA | 4.20 | -0.05 | -1.18% | 21.46M |
