China Green Agriculture (CGA)
China Green Agriculture Tangible Common Equity Ratio: 75.27%
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CGA Tangible Common Equity Ratio Rankings
| Overall | 14th percentile | 3771 of 4385 |
| Sector | 19th percentile | 411 of 510 in Basic Materials |
| Industry | 18th percentile | 9 of 11 in Agricultural Chemicals |
CGA Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -100.0% | Jun 2007 |
| Maximum | 97.30% | Jun 2010 |
| Average | 56.30% |
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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CGA News
May 07, 6:53AM Street Insider
May 03, 7:00AM PR Newswire
about 32 days ago by SoupBum
about 33 days ago by SoupBum
Apr 16, 7:00AM PR Newswire
Mar 08, 7:50AM Street Insider
Mar 08, 7:50AM Benzinga
about 89 days ago by TradeIdeasQuant
about 90 days ago by TradeIdeasQuant
about 90 days ago by TradeIdeasQuant
about 104 days ago by TradeIdeasQuant
Feb 08, 3:32PM Street Insider
Dec 12, 6:00AM PR Newswire
Nov 30, 7:28PM PR Newswire
Nov 10, 6:41AM Street Insider
about 214 days ago by MarketBrief
about 260 days ago by PatternProfits
about 262 days ago by AGORACOM
about 307 days ago by USFBulls12
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CGA | 3.37 | +0.04 | +1.20% | 90.79M |
| CFR | 57.51 | +0.00 | +0.00% | 3.525B |
| CFP | 5.43 | +0.01 | +0.18% | |
| CFNL | 11.54 | -0.06 | -0.52% | 336.97M |
| BZF | 18.83 | +0.33 | +1.78% | |
| BZ | 6.99 | -0.07 | -0.99% | 702.29M |
| BYM | 15.39 | -0.01 | -0.06% | |
| BYI | 45.38 | -0.22 | -0.48% | 1.978B |
| BYFC | 1.35 | +0.00 | +0.00% | 2.362M |
| BYD | 7.44 | +0.27 | +3.77% | 644.23M |