Clean Energy Fuels (CLNE)
Clean Energy Fuels Tangible Common Equity Ratio: 46.44%
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CLNE Tangible Common Equity Ratio Rankings
| Overall | 40th percentile | 2629 of 4385 |
| Sector | 9th percentile | 106 of 117 in Utilities |
| Industry | 7th percentile | 25 of 27 in Gas Utilities |
CLNE Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 38.35% | Sep 2011 |
| Maximum | 92.48% | Sep 2007 |
| Average | 70.41% |
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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CLNE News
May 25, 9:29AM Street Insider
about 4 days ago by Sirtuan
about 5 days ago by johnkelly
about 6 days ago by epime7heus
about 7 days ago by PorkBellies
about 8 days ago by BigMoneyTrade
about 9 days ago by PorkBellies
Apr 20, 6:00AM Business Wire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CLNE | 13.43 | -0.53 | -3.80% | 1.152B |
| CLMS | 11.12 | -0.07 | -0.63% | 226.18M |
| CLM | 7.00 | +0.09 | +1.30% | |
| CLI | 27.14 | -0.22 | -0.80% | 2.383B |
| CFNL | 11.54 | -0.06 | -0.52% | 336.97M |
| CFN | 24.90 | +0.14 | +0.57% | 5.597B |
| CFK | 9.48 | +0.27 | +2.93% | 170.83M |
| CFFN | 11.69 | +0.02 | +0.17% | |
| CFFI | 34.67 | +0.00 | +0.00% | 110.60M |
| CFD | 20.12 | -0.17 | -0.84% |
