Carpenter Technology (CRS)
Carpenter Technology Tangible Common Equity Ratio: 38.24%
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CRS Tangible Common Equity Ratio Rankings
| Overall | 48th percentile | 2280 of 4385 |
| Sector | 46th percentile | 169 of 317 in Industrial Goods |
| Industry | 47th percentile | 9 of 17 in Metal Fabrication |
CRS Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 34.02% | Jun 2010 |
| Maximum | 51.12% | Jun 2007 |
| Average | 41.59% |
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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CRS News
Apr 25, 4:12PM Seeking Alpha
about 33 days ago by TradeBot
about 33 days ago by earningscast
Apr 20, 3:22AM Benzinga
Apr 18, 8:57AM Street Insider
Feb 29, 1:49PM Street Insider
Feb 29, 1:45PM Business Wire
Feb 24, 8:32AM Benzinga
about 95 days ago by algokid
about 95 days ago by TradeIdeasQuant
about 112 days ago by MarketPanic
about 113 days ago by MarketPanic
Jan 27, 1:51PM Street Insider
Jan 26, 5:12PM Seeking Alpha
about 123 days ago by earningscast
about 123 days ago by Benzinga
about 131 days ago by MarketPanic
about 131 days ago by MarketPanic
about 214 days ago by JeanPaul
about 227 days ago by DynamicDividend
about 255 days ago by StockTwits
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CRS | 46.44 | -1.12 | -2.35% | 2.373B |
| CSCO | 16.33 | -0.06 | -0.37% | 87.95B |
| CSCD | 4.10 | +0.02 | +0.49% | 58.22M |
| CSC | 26.62 | +0.17 | +0.64% | 4.128B |
| CSBK | 10.07 | -0.19 | -1.85% | 263.23M |
| DFS | 32.73 | +0.11 | +0.34% | 17.35B |
| DFR | 6.92 | +0.33 | +5.01% | 140.13M |
| DFG | 45.53 | +0.00 | +0.00% | 2.513B |
| DFE | 33.70 | +0.08 | +0.24% | |
| DF | 14.97 | -0.10 | -0.66% | 2.762B |
