Companhia Energtica de Minas Gerais - CEMIG (CIG)
Companhia Energtica de Minas Gerais - CEMIG Tangible Common Equity Ratio: 20.20%
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CIG Tangible Common Equity Ratio Rankings
| Overall | 65th percentile | 1510 of 4385 |
| Sector | 78th percentile | 25 of 117 in Utilities |
| Industry | 75th percentile | 13 of 53 in Electric Utilities |
CIG Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -42.45% | Mar 2010 |
| Maximum | 38.56% | Sep 2008 |
| Average | 27.28% |
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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CIG News
about 13 days ago by woowtrading
May 01, 4:07PM Business Wire
about 97 days ago by GoofyGolfa
about 102 days ago by DTtrades
about 106 days ago by stubbybrown
about 108 days ago by bradloncar
about 153 days ago by kevintinkle
about 292 days ago by tea8207
about 342 days ago by stt2318
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CIG | 17.22 | +0.06 | +0.35% | 14.69B |
| CCIX | 9.03 | +0.27 | +3.08% | 157.57M |
| CCIH | 5.44 | -0.22 | -3.89% | 131.54M |
| CCI | 54.17 | -0.14 | -0.26% | 15.41B |
| CCH | 14.30 | -1.31 | -8.39% | 5.236B |
| CCGM | 0.2126 | -0.07 | -24.10% | 4.260M |
| CCG | 10.73 | -0.03 | -0.28% | 332.84M |
| CCF | 11.72 | +0.05 | +0.43% | 105.95M |
| CNSL | 14.14 | +0.19 | +1.36% | 422.36M |
| CNS | 32.62 | -0.04 | -0.12% | 1.425B |
