BP Prudhoe Bay Royalty Trust (BPT)
BP Prudhoe Bay Royalty Trust Tangible Common Equity Ratio: 66.60%
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BPT Tangible Common Equity Ratio Rankings
| Overall | 21st percentile | 3457 of 4385 |
| Sector | 26th percentile | 373 of 510 in Basic Materials |
| Industry | 10th percentile | 26 of 29 in Oil & Gas Refining & Marketing |
BPT Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 21.83% | Jun 2007 |
| Maximum | 99.31% | Dec 2009 |
| Average | 62.29% |
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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BPT News
about 81 days ago by billgunderson
about 95 days ago by billgunderson
about 126 days ago by billgunderson
Jan 06, 4:15PM Business Wire
about 182 days ago by hertcapital
about 182 days ago by hertcapital
about 199 days ago by JQuereau
about 210 days ago by randomguru
Oct 07, 2:28PM Business Wire
about 238 days ago by billgunderson
about 247 days ago by hertcapital
about 336 days ago by StocksAndJocks
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| BPT | 112.92 | +0.02 | +0.02% | 2.416B |
| CBZ | 5.76 | -0.05 | -0.86% | 288.58M |
| CBT | 38.27 | -0.88 | -2.25% | 2.413B |
| CBST | 39.87 | -0.04 | -0.10% | 2.510B |
| CBSH | 39.00 | -0.06 | -0.15% | 3.473B |
| CBS | 31.56 | -0.07 | -0.22% | 20.48B |
| CBRX | 0.6602 | +0.02 | +3.27% | 57.66M |
| CBRL | 59.82 | +0.35 | +0.59% | 1.375B |
| CBPO | 7.90 | -0.03 | -0.38% | 202.24M |
| CBP | 0.56 | +0.01 | +1.82% | 20.85M |
