Empire District Electric (EDE)
Empire District Electric Tangible Common Equity Ratio: 33.06%
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EDE Tangible Common Equity Ratio Rankings
| Overall | 53rd percentile | 2037 of 4385 |
| Sector | 29th percentile | 83 of 117 in Utilities |
| Industry | 22nd percentile | 41 of 53 in Electric Utilities |
EDE Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 28.57% | Jun 2009 |
| Maximum | 34.86% | Dec 2007 |
| Average | 32.17% |
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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EDE News
Apr 26, 10:56AM Business Wire
Apr 02, 4:33PM Benzinga
about 71 days ago by MarketBrief
about 74 days ago by MarketBrief
about 75 days ago by MarketBrief
about 76 days ago by MarketBrief
Mar 01, 3:35PM Business Wire
about 117 days ago by DynamicDividend
Feb 02, 4:24PM Street Insider
Feb 02, 4:21PM Street Insider
Nov 17, 11:48AM Business Wire
Nov 15, 6:29PM Benzinga
about 291 days ago by DynamicDividend
about 291 days ago by ycharts
about 359 days ago by StockTiger
about 369 days ago by DynamicDividend
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| EDE | 20.50 | +0.01 | +0.05% | 859.16M |
| EDD | 14.86 | -0.09 | -0.60% | |
| EDC | 66.04 | -0.98 | -1.46% | |
| EDAP | 1.80 | -0.05 | -2.70% | 23.62M |
| DGX | 58.00 | +0.59 | +1.03% | 9.184B |
| DGSE | 7.43 | +0.00 | +0.00% | 77.49M |
| DGS | 42.48 | -0.18 | -0.42% | |
| DGLY | 0.441 | -0.07 | -13.53% | 7.122M |
| DGL | 54.33 | +0.43 | +0.80% | |
| DGIT | 8.64 | +0.06 | +0.70% | 236.48M |