DTE Energy Company (DTE)
DTE Energy Company Tangible Common Equity Ratio: 21.29%
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DTE Tangible Common Equity Ratio Rankings
| Overall | 64th percentile | 1543 of 4385 |
| Sector | 75th percentile | 29 of 117 in Utilities |
| Industry | 67th percentile | 17 of 53 in Electric Utilities |
DTE Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 16.67% | Sep 2007 |
| Maximum | 64.44% | Dec 2009 |
| Average | 21.58% |
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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DTE News
about 5 days ago by DrNick
May 16, 9:55AM PR Newswire
May 10, 11:00AM PR Newswire
May 05, 1:11PM PR Newswire
May 01, 1:53PM PR Newswire
Apr 27, 1:00PM Seeking Alpha
about 32 days ago by earningscast
Apr 27, 7:10AM PR Newswire
Apr 25, 2:00PM PR Newswire
about 74 days ago by ChartMill
about 75 days ago by MarketBrief
about 102 days ago by StockTiger
about 103 days ago by StockTiger
about 103 days ago by earningscast
about 104 days ago by MarketBrief
about 111 days ago by STNet
about 111 days ago by StockTwits
about 154 days ago by MarketBrief
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| DTE | 56.56 | +0.11 | +0.19% | 9.618B |
| DNDN | 7.11 | -0.11 | -1.52% | 1.094B |
| DND | 57.50 | -0.53 | -0.91% | |
| DNB | 67.14 | +0.34 | +0.51% | 3.204B |
| DMRC | 24.94 | +0.10 | +0.40% | 177.07M |
| DMO | 22.08 | +0.01 | +0.05% | |
| DMND | 21.97 | -0.15 | -0.68% | |
| DMLP | 22.07 | -0.08 | -0.36% | 676.89M |
| DMF | 10.61 | +0.03 | +0.28% | |
| DMED | 0.38 | +0.00 | +0.00% | 4.108M |
