Enova Systems (ENA)
Enova Systems Tangible Common Equity Ratio: 22.06%
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ENA Tangible Common Equity Ratio Rankings
| Overall | 64th percentile | 1565 of 4385 |
| Sector | 63rd percentile | 138 of 381 in Consumer Goods |
| Industry | 63rd percentile | 12 of 33 in Auto Parts |
ENA Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 22.06% | Mar 2012 |
| Maximum | 70.90% | Dec 2009 |
| Average | 55.17% |
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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ENA News
about 12 days ago by MarkeScope
May 01, 7:03PM Business Wire
Apr 25, 8:23AM Benzinga
Apr 24, 11:30PM Business Wire
Mar 07, 1:00PM PR Newswire
Jan 30, 9:00AM Business Wire
Jan 05, 5:00PM Business Wire
about 161 days ago by MarketBrief
Nov 16, 8:00AM Business Wire
Oct 20, 5:03PM Business Wire
about 546 days ago by STLwest1
about 656 days ago by AlacraPulse
about 760 days ago by barrio10010
about 768 days ago by barrio10010
about 798 days ago by barrio10010
about 809 days ago by LordBlankfiend
about 809 days ago by LordBlankfiend
about 845 days ago by barrio10010
about 847 days ago by LordBlankfiend
about 847 days ago by LordBlankfiend
about 857 days ago by barrio10010
about 903 days ago by barrio10010
about 986 days ago by barrio10010
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
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| EMIF | 29.85 | +0.23 | +0.79% | |
| EMI | 13.53 | +0.05 | +0.37% | |
| EMFN | 21.58 | -0.26 | -1.19% | |
| EMF | 16.59 | -0.05 | -0.30% | |
| EMEY | 40.02 | +0.00 | +0.00% | |
| EME | 28.00 | +0.08 | +0.29% | 1.864B |
| EMCI | 20.24 | +0.32 | +1.61% | 260.69M |