Credo Petroleum Corporation (CRED)
Credo Petroleum Corporation Tangible Common Equity Ratio: 72.16%
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CRED Tangible Common Equity Ratio Rankings
| Overall | 16th percentile | 3661 of 4385 |
| Sector | 22nd percentile | 395 of 510 in Basic Materials |
| Industry | 20th percentile | 74 of 93 in Independent Oil & Gas |
CRED Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 69.61% | Apr 2008 |
| Maximum | 88.78% | Apr 2009 |
| Average | 80.80% |
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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CRED News
Apr 26, 8:00AM GlobeNewswire
Apr 17, 8:00AM GlobeNewswire
Mar 26, 8:00AM GlobeNewswire
Feb 21, 8:00AM GlobeNewswire
Jan 18, 8:03AM Benzinga
about 131 days ago by Benzinga
Jan 18, 8:01AM Street Insider
Jan 10, 8:16AM Street Insider
Jan 10, 8:09AM Benzinga
Jan 04, 8:07AM Benzinga
about 271 days ago by TurnKeyOil
about 459 days ago by TheEquitiesRoom
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CRED | 10.90 | +0.00 | +0.00% | 109.44M |
| CRDC | 1.82 | +0.02 | +1.11% | 66.01M |
| CRDA | 3.31 | +0.04 | +1.22% | 178.04M |
| CRD.B | 3.56 | +0.04 | +1.14% | 179.92M |
| CRC | 1.24 | +0.09 | +7.82% | 7.961M |
| CRBQ | 40.28 | -0.33 | -0.80% | |
| CRBC | 16.22 | +0.14 | +0.87% | 649.61M |
| CRAY | 10.70 | +0.02 | +0.19% | 393.55M |
| CR | 38.50 | -0.30 | -0.77% | 2.236B |
| COST | 84.48 | +0.00 | +0.00% | 36.74B |
