Celestica (CLS)
Celestica Tangible Common Equity Ratio: 54.12%
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CLS Tangible Common Equity Ratio Rankings
| Overall | 32nd percentile | 2960 of 4385 |
| Sector | 48th percentile | 421 of 814 in Technology |
| Industry | 35th percentile | 11 of 17 in Printed Circuit Boards |
CLS Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 33.94% | Sep 2007 |
| Maximum | 54.12% | Mar 2012 |
| Average | 43.15% |
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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CLS News
Apr 16, 5:25PM Street Insider
about 74 days ago by stocktradez
about 88 days ago by stocktradez
about 97 days ago by stocktradez
Feb 07, 5:37PM PR Newswire
about 117 days ago by TradeIdeasQuant
about 214 days ago by ScottAdams_Edit
Oct 21, 9:21AM FlyOnTheWall
about 335 days ago by ScottAdams_Edit
about 342 days ago by ScottAdams_Edit
about 346 days ago by ScottAdams_Edit
about 400 days ago by szaman
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CLS | 7.57 | +0.01 | +0.13% | 1.496B |
| CERN | 79.01 | -0.36 | -0.45% | 13.41B |
| CEO | 180.04 | -3.11 | -1.70% | 80.42B |
| CENX | 7.10 | +0.04 | +0.57% | 630.76M |
| CENTA | 9.28 | -0.05 | -0.54% | 316.73M |
| CENT | 9.15 | +0.00 | +0.00% | 439.57M |
| CEM | 21.26 | +0.34 | +1.63% | |
| CELL | 4.93 | -0.07 | -1.40% | 340.52M |
| CF | 166.56 | -1.52 | -0.90% | 10.91B |
| CEVA | 15.98 | +0.39 | +2.50% | 371.22M |
