China Eastern Airlines Corporation (CEA)
China Eastern Airlines Corporation Tangible Common Equity Ratio: 11.48%
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CEA Tangible Common Equity Ratio Rankings
| Overall | 73rd percentile | 1182 of 4385 |
| Sector | 70th percentile | 250 of 852 in Services |
| Industry | 28th percentile | 5 of 7 in Major Airlines |
CEA Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -18.33% | Mar 2009 |
| Maximum | 12.60% | Sep 2011 |
| Average | 1.06% |
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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CEA News
about 31 days ago by newschina
Apr 24, 7:16AM PR Newswire
about 60 days ago by StockTwits
about 81 days ago by newschina
about 459 days ago by sinastock
about 490 days ago by XESTIS
about 517 days ago by TradeIdeas
about 517 days ago by sspencer_smbcap
about 521 days ago by sspencer_smbcap
about 521 days ago by TheArmoTrader
about 540 days ago by XESTIS
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CEA | 14.45 | -0.10 | -0.69% | 2.769B |
| COGO | 1.89 | +0.02 | +1.07% | |
| COG | 34.77 | -0.30 | -0.86% | 7.282B |
| COF | 51.13 | -0.59 | -1.14% | 29.66B |
| CODI | 13.12 | -0.03 | -0.23% | 633.70M |
| CODE | 10.81 | -0.07 | -0.64% | 647.74M |
| COCO | 2.82 | +0.26 | +10.16% | 239.39M |
| COBR | 4.45 | -0.15 | -3.26% | 29.41M |
| CIG | 17.22 | +0.06 | +0.35% | 14.69B |
| CIEN | 11.84 | -0.11 | -0.92% | 1.154B |
