FieldPoint Petroleum Corporation (FPP)
FieldPoint Petroleum Corporation Tangible Common Equity Ratio: 43.37%
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FPP Tangible Common Equity Ratio Rankings
| Overall | 43rd percentile | 2497 of 4385 |
| Sector | 57th percentile | 217 of 510 in Basic Materials |
| Industry | 54th percentile | 42 of 93 in Independent Oil & Gas |
FPP Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 41.55% | Dec 2011 |
| Maximum | 77.65% | Jun 2007 |
| Average | 55.98% |
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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FPP News
May 02, 9:20AM PR Newswire
about 35 days ago by RecogniaEvents
about 42 days ago by ansergy
Mar 27, 6:35AM Street Insider
about 89 days ago by ZorTrades
Feb 15, 7:40AM PR Newswire
Jan 19, 12:47PM Benzinga
about 138 days ago by big3mkt
Dec 27, 12:19PM PR Newswire
Dec 21, 1:58PM Benzinga
about 451 days ago by gavinrobles
about 460 days ago by maddshasta
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FPP | 3.64 | +0.10 | +2.82% | 29.05M |
| FPA | 22.20 | +0.00 | +0.00% | |
| FOSL | 72.62 | +1.08 | +1.51% | 4.420B |
| FORTY | 16.00 | -0.22 | -1.36% | 226.24M |
| FNSR | 15.08 | +0.49 | +3.36% | 1.325B |
| FNLC | 14.00 | -0.06 | -0.43% | 138.21M |
| FNK | 19.70 | +0.16 | +0.82% | |
| FNIO | 26.98 | +0.04 | +0.14% | |
| FNI | 18.97 | +0.41 | +2.21% | |
| FNGN | 21.21 | +0.30 | +1.43% | 962.07M |
