Energy Transfer Partners (ETP)
Energy Transfer Partners Tangible Common Equity Ratio: 40.05%
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ETP Tangible Common Equity Ratio Rankings
| Overall | 45th percentile | 2369 of 4385 |
| Sector | 62nd percentile | 192 of 510 in Basic Materials |
| Industry | 39th percentile | 20 of 33 in Oil & Gas Pipelines |
ETP Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 25.98% | Jun 2008 |
| Maximum | 40.05% | Mar 2012 |
| Average | 31.35% |
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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ETP News
about 13 days ago by MLP_Protocol
about 13 days ago by MLP_Protocol
May 15, 2:57PM Street Insider
May 10, 9:00AM Street Insider
about 21 days ago by mlpguy
about 21 days ago by mlpguy
about 25 days ago by MLP_Protocol
about 25 days ago by apppro
Apr 18, 7:27AM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ETP | 44.52 | -0.19 | -0.42% | 10.12B |
| ETN | 43.59 | +0.29 | +0.67% | 14.54B |
| ETM | 4.88 | -0.07 | -1.41% | 189.49M |
| ETJ | 10.12 | +0.06 | +0.60% | |
| ETH | 22.90 | +0.27 | +1.19% | 652.88M |
| ETG | 13.12 | +0.15 | +1.16% | |
| ETFC | 8.835 | +0.15 | +1.79% | 2.480B |
| ESGR | 93.65 | +0.41 | +0.44% | 1.291B |
| ESEA | 1.22 | -0.01 | -0.81% | 38.34M |
| ESE | 35.30 | +0.67 | +1.93% | 923.93M |