Callon Petroleum (CPE)
Callon Petroleum Tangible Common Equity Ratio: 54.46%
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CPE Tangible Common Equity Ratio Rankings
| Overall | 32nd percentile | 2979 of 4385 |
| Sector | 41st percentile | 299 of 510 in Basic Materials |
| Industry | 34th percentile | 61 of 93 in Independent Oil & Gas |
CPE Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -83.98% | Sep 2009 |
| Maximum | 54.46% | Mar 2012 |
| Average | 8.88% |
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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CPE News
May 09, 8:37AM Street Insider
about 19 days ago by HighGrowthFinancial
May 08, 10:31AM Fox Business
about 20 days ago by TradeIdeasQuant
Apr 25, 6:38PM Thomson Reuters ONE
Apr 25, 9:08AM Street Insider
about 56 days ago by MarketBrief
Mar 19, 8:26AM Street Insider
about 74 days ago by TradeBot
Mar 14, 4:09PM Thomson Reuters ONE
Mar 14, 4:09PM Thomson Reuters ONE
about 82 days ago by kunal00
Mar 05, 5:10PM Thomson Reuters ONE
about 96 days ago by DarvasTrader
about 101 days ago by iamspinner
Feb 17, 9:31AM Street Insider
about 102 days ago by earningscast
about 102 days ago by iamspinner
Feb 15, 5:05PM Business Wire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CPE | 4.54 | -0.08 | -1.73% | 178.92M |
| CPB | 32.58 | +0.02 | +0.06% | 10.31B |
| CPA | 83.85 | +0.62 | +0.74% | 3.713B |
| CLI | 27.14 | -0.22 | -0.80% | 2.383B |
| CLGX | 17.50 | +0.26 | +1.51% | 1.869B |
| CLFD | 4.30 | +0.11 | +2.63% | 52.93M |
| CLF | 50.28 | +0.53 | +1.07% | 7.163B |
| CLDX | 4.50 | +0.02 | +0.45% | 257.22M |
| CLDT | 12.92 | -0.18 | -1.37% | 178.94M |
| CLD | 15.79 | +0.06 | +0.38% | 961.93M |
