Euro Tech Holdings Company (CLWT)
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Euro Tech Holdings Company Tangible Common Equity Ratio Chart
View Tangible Common Equity Ratio for CLWT.
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Euro Tech Holdings Company Historical Tangible Common Equity Ratio Data
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| Dec. 31, 2012 | Go Pro |
| Dec. 31, 2011 | Go Pro |
| Dec. 31, 2010 | Go Pro |
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| June 30, 2008 | Go Pro |
| March 31, 2008 | Go Pro |
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| Sept. 30, 2007 | Go Pro |
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| Sept. 30, 2004 | Go Pro |
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| March 31, 2004 | Go Pro |
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| Sept. 30, 2003 | Go Pro |
| June 30, 2003 | Go Pro |
| March 31, 2003 | Go Pro |
| Dec. 31, 2002 | Go Pro |
| Sept. 30, 2002 | Go Pro |
| June 30, 2002 | Go Pro |
| March 31, 2002 | Go Pro |
| Dec. 31, 2001 | Go Pro |
| Sept. 30, 2001 | Go Pro |
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| March 31, 2001 | Go Pro |
| Dec. 31, 2000 | Go Pro |
| Sept. 30, 2000 | Go Pro |
| June 30, 2000 | Go Pro |
| March 31, 2000 | Go Pro |
| Dec. 31, 1999 | Go Pro |
| Sept. 30, 1999 | Go Pro |
| June 30, 1999 | Go Pro |
| March 31, 1999 | Go Pro |
| Dec. 31, 1998 | Go Pro |
| Sept. 30, 1998 | Go Pro |
| June 30, 1998 | Go Pro |
| March 31, 1998 | Go Pro |
| Dec. 31, 1997 | Go Pro |
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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CLWT Tangible Common Equity Ratio Benchmarks
| Companies | |
|---|---|
| Advanced Emissions Solutions | Go Pro |
| Crown Andersen | Go Pro |
| Epicore Bionetworks | Go Pro |
CLWT Tangible Common Equity Ratio Rankings
| Overall |
55th percentile 7418 of 16770 |
| Sector |
46th percentile 1295 of 2442 in Industrials |
| Industry |
39th percentile 45 of 74 in Pollution & Treatment Controls |
CLWT Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | Go Pro | Dec 2010 |
| Maximum | Go Pro | Dec 2011 |
| Average | Go Pro |