FX Energy (FXEN)
FX Energy Tangible Common Equity Ratio: 56.32%
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FXEN Tangible Common Equity Ratio Rankings
| Overall | 30th percentile | 3051 of 4385 |
| Sector | 39th percentile | 310 of 510 in Basic Materials |
| Industry | 38th percentile | 39 of 63 in Oil & Gas Drilling & Exploration |
FXEN Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 18.89% | Mar 2009 |
| Maximum | 91.88% | Mar 2011 |
| Average | 54.19% |
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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FXEN News
about 8 days ago by stocktherapy
about 17 days ago by RecogniaEvents
May 02, 4:00PM PR Newswire
Mar 12, 4:00PM Marketwire
Mar 06, 12:37PM Marketwire
about 88 days ago by TradeIdeasQuant
about 89 days ago by kunal00
about 90 days ago by Contrarius
about 92 days ago by Contrarius
about 92 days ago by TheEquitiesRoom
about 93 days ago by 1nvestor
Feb 24, 10:52AM Benzinga
about 96 days ago by Emb1990
Dec 22, 10:15AM PR Newswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FXEN | 5.09 | +0.23 | +4.73% | 257.24M |
| FR | 11.79 | +0.23 | +1.99% | 1.003B |
| FPX | 26.75 | +0.10 | +0.38% | |
| 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% |
