Huaneng Power International (HNP)
Huaneng Power International Tangible Common Equity Ratio: 15.43%
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HNP Tangible Common Equity Ratio Rankings
| Overall | 69th percentile | 1336 of 4385 |
| Sector | 87th percentile | 15 of 117 in Utilities |
| Industry | 88th percentile | 6 of 53 in Electric Utilities |
HNP Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -84.99% | Jun 2007 |
| Maximum | 39.13% | Sep 2007 |
| Average | 12.93% |
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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HNP News
May 18, 7:13AM Benzinga
May 10, 6:26AM PR Newswire
about 69 days ago by myplaniq
Feb 27, 7:00AM PR Newswire
about 106 days ago by ChinaStocksNews
Feb 06, 8:12AM PR Newswire
Jan 30, 6:57AM Street Insider
Jan 10, 8:25AM PR Newswire
Dec 05, 9:40AM PR Newswire
about 187 days ago by DynamicDividend
about 187 days ago by TradeIdeasQuant
Oct 25, 10:29AM PR Newswire
about 415 days ago by DynamicDividend
about 462 days ago by sinastock
about 541 days ago by zecco
about 587 days ago by Street_Insider
about 603 days ago by Zignals
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| HNP | 25.11 | +0.61 | +2.49% | 7.384B |
| HLYS | 2.17 | -0.07 | -3.12% | 61.76M |
| HLX | 18.54 | +0.75 | +4.22% | 1.880B |
| HLS | 19.61 | +0.24 | +1.24% | 1.834B |
| HLIT | 4.39 | +0.14 | +3.29% | 497.63M |
| HLF | 45.71 | +0.86 | +1.92% | 5.215B |
| HLCS | None | None | None | |
| HL | 4.54 | +0.04 | +0.89% | 1.284B |
| HKN | 2.30 | +0.00 | +0.00% | 42.50M |
| HIX | 9.92 | +0.02 | +0.20% |
