Chicago Bridge & Iron Company (CBI)
Chicago Bridge & Iron Company Tangible Common Equity Ratio: 3.60%
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CBI Tangible Common Equity Ratio Rankings
| Overall | 84th percentile | 688 of 4385 |
| Sector | 81st percentile | 58 of 317 in Industrial Goods |
| Industry | 88th percentile | 1 of 9 in General Contractors |
CBI Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -34.67% | Dec 2008 |
| Maximum | 22.34% | Sep 2007 |
| Average | -11.00% |
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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CBI News
about 20 days ago by abubnic
May 04, 7:08AM Street Insider
May 04, 3:01AM Benzinga
about 26 days ago by traderstewie
about 32 days ago by traderstewie
Apr 25, 12:19PM Street Insider
Apr 25, 6:51AM Benzinga
Apr 24, 11:37PM Seeking Alpha
about 33 days ago by earningscast
about 48 days ago by BadAlgo
about 51 days ago by harmongreg
about 58 days ago by RecogniaEvents
Mar 30, 4:11PM Street Insider
about 65 days ago by MarketBrief
about 66 days ago by StockTwits
about 66 days ago by MarketBrief
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CBI | 37.12 | -0.53 | -1.41% | 3.628B |
| CEA | 14.45 | -0.10 | -0.69% | 2.769B |
| CE | 40.78 | -0.03 | -0.07% | 6.395B |
| CDZI | 7.89 | -0.21 | -2.59% | 121.82M |
| CDY | 0.7099 | -0.00 | -0.01% | 65.15M |
| CDXS | 3.39 | +0.05 | +1.50% | 122.38M |
| CDTI | 2.63 | +0.22 | +9.13% | 18.99M |
| CCOI | 17.81 | +0.40 | +2.30% | 818.19M |
| CCO | 6.51 | -0.08 | -1.21% | 2.318B |
| CCNE | 14.82 | -0.07 | -0.47% | 184.06M |
