Consolidated Communications (CNSL)
Consolidated Communications Tangible Common Equity Ratio: -90.92%
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CNSL Tangible Common Equity Ratio Rankings
| Overall | 97th percentile | 107 of 4385 |
| Sector | 97th percentile | 22 of 814 in Technology |
| Industry | 89th percentile | 2 of 19 in Telecom Services - Domestic |
CNSL Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -101.9% | Mar 2009 |
| Maximum | -73.58% | Jun 2007 |
| Average | -91.43% |
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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CNSL News
May 23, 2:28PM Street Insider
May 14, 8:17AM GlobeNewswire
about 25 days ago by earningscast
about 88 days ago by earningscast
Mar 01, 7:05AM Street Insider
Mar 01, 7:00AM GlobeNewswire
Feb 13, 9:16AM GlobeNewswire
about 112 days ago by StockTwits
about 112 days ago by Street_Insider
about 201 days ago by TradeIdeasQuant
about 201 days ago by TradeIdeasQuant
about 298 days ago by Benzinga
about 357 days ago by micstockwell
about 466 days ago by djwavemaker
about 588 days ago by LearningMarkets
about 841 days ago by ToddinFL
about 866 days ago by BBAlgo
about 888 days ago by TazTrader
about 908 days ago by tobinsmith
about 908 days ago by OptionsZone
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CNSL | 14.14 | +0.19 | +1.36% | 422.36M |
| CMRE | 13.56 | +0.25 | +1.88% | 817.67M |
| CMP | 72.79 | -0.77 | -1.05% | 2.404B |
| CMO | 13.77 | +0.01 | +0.07% | 1.244B |
| CMN | 22.20 | -0.18 | -0.80% | 597.62M |
| CMM | 4.20 | -0.14 | -3.23% | 10.04M |
| CMLS | 2.83 | +0.02 | +0.71% | 429.06M |
| CMLP | 25.57 | +0.25 | +0.99% | 934.33M |
| CMKG | 0.90 | +0.05 | +5.88% | 7.911M |
| CMK | 8.31 | +0.04 | +0.48% |
