Energy Recovery (ERII)
Energy Recovery Tangible Common Equity Ratio: 85.84%
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ERII Tangible Common Equity Ratio Rankings
| Overall | 6th percentile | 4120 of 4385 |
| Sector | 3rd percentile | 306 of 317 in Industrial Goods |
| Industry | 0th percentile | 9 of 9 in Pollution & Treatment Controls |
ERII Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 67.01% | Mar 2008 |
| Maximum | 93.37% | Sep 2009 |
| Average | 85.40% |
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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ERII News
about 26 days ago by earningscast
May 02, 5:22PM Street Insider
May 02, 5:21PM GlobeNewswire
Mar 29, 10:09AM Thomson Reuters ONE
Mar 26, 8:03AM Thomson Reuters ONE
about 67 days ago by RecogniaEvents
Mar 22, 8:03AM Thomson Reuters ONE
Mar 13, 2:39PM Street Insider
Mar 13, 12:39PM Street Insider
about 81 days ago by earningscast
Mar 08, 4:05PM GlobeNewswire
Mar 06, 8:05AM Thomson Reuters ONE
Mar 01, 8:15AM Thomson Reuters ONE
Feb 28, 8:03AM Thomson Reuters ONE
about 151 days ago by Random_Walk
about 179 days ago by Tr8r_x
about 180 days ago by TradeIdeasQuant
about 180 days ago by TradeIdeasQuant
about 217 days ago by VexTrades
about 228 days ago by VexTrades
about 240 days ago by VexTrades
about 242 days ago by VexTrades
about 248 days ago by Tr8r_x
about 248 days ago by Tr8r_x
about 335 days ago by TheBalancedBull
about 405 days ago by PrinceCove
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ERII | 2.19 | -0.01 | -0.45% | 115.30M |
| EGO | 11.62 | -0.01 | -0.09% | 8.246B |
| EGN | 44.34 | +0.30 | +0.68% | 3.198B |
| EGLE | 3.70 | +2.69 | +266.34% | 63.63M |
| EGI | 0.74 | -0.05 | -6.33% | 95.00M |
| EGHT | 4.00 | -0.04 | -0.99% | 278.16M |
| EGF | 15.28 | -0.05 | -0.33% | |
| EGBN | 16.02 | -0.07 | -0.44% | 323.76M |
| EGAS | 10.76 | -0.13 | -1.19% | 87.69M |
| EFZ | 52.06 | +0.17 | +0.33% |