Echelon Corporation (ELON)
Echelon Corporation Tangible Common Equity Ratio: 60.85%
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ELON Tangible Common Equity Ratio Rankings
| Overall | 26th percentile | 3215 of 4385 |
| Sector | 42nd percentile | 471 of 814 in Technology |
| Industry | 52nd percentile | 8 of 17 in Networking & Communication Devices |
ELON Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 56.37% | Dec 2011 |
| Maximum | 82.45% | Jun 2007 |
| Average | 68.25% |
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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ELON News
May 10, 8:35AM Street Insider
about 19 days ago by earningscast
May 08, 8:00AM PR Newswire
Apr 24, 10:13AM Street Insider
Feb 10, 10:25AM Street Insider
about 109 days ago by earningscast
about 109 days ago by Benzinga
Jan 24, 8:30AM PR Newswire
about 132 days ago by howardlindzon
about 133 days ago by StockTwits
about 205 days ago by dogsondago
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ELON | 3.51 | +0.01 | +0.29% | 149.28M |
| ELNK | 8.19 | +0.03 | +0.37% | 869.61M |
| EIP | 14.78 | +0.01 | +0.07% | |
| EIO | 14.54 | +0.01 | +0.07% | |
| EIHI | 15.09 | +0.09 | +0.60% | 119.66M |
| EIG | 17.31 | -0.09 | -0.52% | 564.31M |
| EIDO | 26.78 | -1.68 | -5.90% | |
| EIA | 12.99 | +0.14 | +1.09% | |
| EHTH | 16.57 | -0.17 | -1.02% | 322.78M |
| EHI | 12.95 | -0.01 | -0.08% |
