Cooper Tire & Rubber (CTB)
Cooper Tire & Rubber Tangible Common Equity Ratio: 26.65%
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CTB Tangible Common Equity Ratio Rankings
| Overall | 60th percentile | 1738 of 4385 |
| Sector | 61st percentile | 147 of 381 in Consumer Goods |
| Industry | 64th percentile | 5 of 14 in Rubber & Plastics |
CTB Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 15.98% | Jun 2009 |
| Maximum | 32.89% | Dec 2007 |
| Average | 23.40% |
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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CTB News
May 11, 10:35AM Thomson Reuters ONE
May 02, 5:01PM Seeking Alpha
about 26 days ago by earningscast
May 02, 7:37AM Thomson Reuters ONE
about 63 days ago by MarketBrief
Mar 05, 4:22PM Street Insider
Feb 29, 2:13PM Street Insider
Feb 29, 2:11PM Thomson Reuters ONE
Feb 29, 7:19AM Street Insider
about 91 days ago by bradloncar
about 91 days ago by DynamicDividend
about 91 days ago by earningscast
about 91 days ago by TradeBot
about 91 days ago by 1973Hog
about 95 days ago by TradeIdeasQuant
about 128 days ago by STNet
about 128 days ago by harmongreg
about 129 days ago by NCFinanceGuy
about 140 days ago by OptionsCommander
about 151 days ago by ToddinFL
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CTB | 15.21 | -0.25 | -1.62% | 947.58M |
| CTAS | 37.31 | -0.41 | -1.09% | 4.840B |
| CSU | 9.67 | +0.12 | +1.26% | 272.11M |
| CSTR | 60.66 | +1.26 | +2.12% | 1.877B |
| CSS | 19.03 | -0.01 | -0.05% | 185.16M |
| CSPI | 4.45 | +0.02 | +0.45% | 15.53M |
| CREE | 26.11 | +0.20 | +0.77% | 3.031B |
| 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 |