Canadian Solar (CSIQ)
Canadian Solar Tangible Common Equity Ratio: 28.55%
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CSIQ Tangible Common Equity Ratio Rankings
| Overall | 58th percentile | 1804 of 4385 |
| Sector | 71st percentile | 228 of 814 in Technology |
| Industry | 90th percentile | 3 of 31 in Semiconductor - Specialized |
CSIQ Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 26.69% | Sep 2011 |
| Maximum | 65.42% | Jun 2007 |
| Average | 42.51% |
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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CSIQ News
May 14, 6:00AM PR Newswire
May 11, 10:18AM Street Insider
May 10, 11:34AM Wall St. Cheat Sheet
about 18 days ago by TradeIdeasQuant
about 18 days ago by mikenjax
May 09, 5:58PM Street Insider
about 20 days ago by Jackpot_Joker
May 08, 8:06AM Seeking Alpha
about 21 days ago by Jackpot_Joker
about 21 days ago by mikenjax
about 21 days ago by ActiveTradingPartners
about 21 days ago by ActiveTradingPartners
about 21 days ago by ActiveTradingPartners
about 24 days ago by ActiveTradingPartners
about 25 days ago by DedicatedShort
about 25 days ago by ActiveTradingPartners
May 03, 8:14AM theflyonthewall.com
May 03, 6:56AM theflyonthewall.com
about 26 days ago by ActiveTradingPartners
about 27 days ago by ActiveTradingPartners
about 27 days ago by ActiveTradingPartners
May 01, 8:53AM PR Newswire
Apr 17, 5:00AM PR Newswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CSIQ | 3.14 | +0.41 | +15.02% | 135.62M |
| CSH | 43.31 | -0.38 | -0.87% | 1.272B |
| CSGS | 16.38 | +0.09 | +0.55% | 565.27M |
| CS | 19.77 | -0.36 | -1.79% | 24.21B |
| CRZO | 24.23 | -0.45 | -1.82% | 959.02M |
| CRYP | 2.52 | -0.02 | -0.79% | 32.71M |
| CRY | 4.61 | -0.02 | -0.43% | 127.74M |
| CRWS | 5.54 | +0.05 | +0.91% | 53.52M |
| CRWN | 1.47 | -0.02 | -1.34% | 528.73M |
| CRVL | 43.69 | +0.82 | +1.91% | 499.38M |
