Cellcom Israel (CEL)
Cellcom Israel Tangible Common Equity Ratio: -18.12%
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CEL Tangible Common Equity Ratio Rankings
| Overall | 90th percentile | 405 of 4385 |
| Sector | 89th percentile | 82 of 814 in Technology |
| Industry | 73rd percentile | 9 of 34 in Wireless Communications |
CEL Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -18.12% | Dec 2011 |
| Maximum | 16.15% | Sep 2007 |
| Average | -4.43% |
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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CEL News
May 15, 2:52PM Seeking Alpha
about 13 days ago by TradeBot
May 02, 3:03AM PR Newswire
about 35 days ago by DynamicDividend
Mar 19, 7:11AM Benzinga
Mar 19, 5:35AM theflyonthewall.com
Mar 18, 1:39PM PR Newswire
Mar 07, 2:18PM Seeking Alpha
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CEL | 7.55 | -0.07 | -0.92% | 751.07M |
| COP | 52.11 | -0.03 | -0.06% | 66.68B |
| COOL | 2.08 | +0.02 | +0.97% | 85.97M |
| COO | 85.53 | -0.21 | -0.24% | 4.093B |
| CONN | 17.71 | -0.04 | -0.23% | 566.19M |
| CONG | 50.80 | +0.04 | +0.08% | |
| COMV | 1.74 | +0.00 | +0.00% | 47.87M |
| COLM | 48.90 | +0.24 | +0.49% | 1.649B |
| COLB | 18.13 | -0.11 | -0.60% | 719.22M |
| COL | 50.15 | -0.47 | -0.93% | 7.454B |
