China TechFaith Wireless Communication Technology (CNTF)
China TechFaith Wireless Communication Technology Tangible Common Equity Ratio: 88.27%
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CNTF Tangible Common Equity Ratio Rankings
| Overall | 4th percentile | 4199 of 4385 |
| Sector | 6th percentile | 763 of 814 in Technology |
| Industry | 7th percentile | 26 of 28 in Diversified Communication Services |
CNTF Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 71.62% | Jun 2007 |
| Maximum | 89.28% | Sep 2010 |
| Average | 83.00% |
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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CNTF News
about 6 days ago by earningscast
Apr 24, 5:00AM PR Newswire
Mar 29, 7:20AM Street Insider
Mar 29, 6:00AM PR Newswire
about 89 days ago by earningscast
Feb 29, 6:50AM Street Insider
about 130 days ago by VexTrades
Sep 27, 5:35AM PR Newswire
Sep 08, 6:04AM FlyOnTheWall
about 286 days ago by daprinta
about 286 days ago by CDMCapital
about 286 days ago by CDMCapital
Aug 16, 6:42AM Street Insider
about 287 days ago by metdacashman
about 287 days ago by metdacashman
about 287 days ago by metdacashman
about 287 days ago by metdacashman
about 321 days ago by metdacashman
about 322 days ago by metdacashman
about 327 days ago by Trade4Me
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CNTF | 1.01 | +0.03 | +3.05% | 53.46M |
| 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 |