CenterPoint Energy (CNP)
CenterPoint Energy Tangible Common Equity Ratio: 12.54%
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CNP Tangible Common Equity Ratio Rankings
| Overall | 71st percentile | 1235 of 4385 |
| Sector | 91st percentile | 10 of 117 in Utilities |
| Industry | 86th percentile | 3 of 23 in Diversified Utilities |
CNP Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -0.15% | Jun 2007 |
| Maximum | 13.04% | Sep 2011 |
| Average | 5.45% |
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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CNP News
May 21, 5:22PM Street Insider
May 17, 11:45AM PR Newswire
about 17 days ago by azendrian
about 24 days ago by 1nvestor
May 03, 3:30PM Seeking Alpha
about 25 days ago by earningscast
Apr 26, 5:14PM Street Insider
about 73 days ago by MarketBrief
about 73 days ago by waterburyresearch
about 75 days ago by Lookatthesky
about 76 days ago by Conner306
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CNP | 20.18 | +0.15 | +0.75% | 8.603B |
| CGX | 28.56 | -0.20 | -0.70% | 292.45M |
| CGW | 19.82 | -0.03 | -0.15% | |
| CGR | 0.65 | +0.01 | +1.56% | 112.66M |
| CGNX | 36.00 | -0.36 | -0.99% | 1.538B |
| CGI | 15.43 | -0.20 | -1.28% | 351.50M |
| CGEN | 3.80 | -0.25 | -6.17% | 131.90M |
| CEDU | 6.88 | +0.00 | +0.00% | 126.66M |
| CEDC | 4.04 | +0.02 | +0.50% | 295.49M |
| CECO | 7.03 | +0.72 | +11.41% | 474.81M |
