Itron (ITRI)
Itron Tangible Common Equity Ratio: 6.96%
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ITRI Tangible Common Equity Ratio Rankings
| Overall | 80th percentile | 867 of 4391 |
| Sector | 81st percentile | 147 of 813 in Technology |
| Industry | 90th percentile | 5 of 54 in Scientific & Technical Instruments |
ITRI Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -111.9% | Jun 2007 |
| Maximum | 6.96% | Mar 2012 |
| Average | -39.87% |
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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ITRI News
about 11 hours ago by abubnic
May 22, 5:05PM Street Insider
May 22, 5:00PM Business Wire
May 21, 9:00AM Marketwire
May 17, 3:18PM Street Insider
May 14, 8:49AM Business Wire
May 07, 8:45AM PR Newswire
May 01, 4:00PM Business Wire
Apr 26, 8:35AM Street Insider
about 35 days ago by traderstewie
about 35 days ago by earningscast
Apr 24, 10:13AM Street Insider
Apr 04, 8:45AM Benzinga
about 68 days ago by TheInformedTrader
Mar 22, 9:00AM Business Wire
Mar 16, 12:39PM theflyonthewall.com
about 75 days ago by MarketBrief
Mar 12, 8:34AM Street Insider
about 83 days ago by RecogniaEvents
about 104 days ago by traderclubtirol
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ITRI | 35.43 | -1.19 | -3.25% | 1.463B |
| ITR | 33.93 | +0.11 | +0.33% | |
| ITMN | 10.26 | -0.84 | -7.57% | 725.16M |
| ITIC | 51.02 | +0.83 | +1.65% | 105.40M |
| ITI | 1.41 | -0.04 | -2.76% | 48.31M |
| ITC | 68.99 | -0.07 | -0.10% | 3.546B |
| ITA | 62.31 | +0.62 | +1.00% | |
| IT | 40.96 | -0.15 | -0.36% | 3.838B |
| ISTA | 9.095 | -0.01 | -0.05% | 380.11M |
| IST | 20.56 | -0.20 | -0.96% |
