Laclede Group (LG)
Laclede Group Tangible Common Equity Ratio: 34.99%
View LG Tangible Common Equity Ratio with YCharts Pro.
Access these YCharts Pro features:
Export any data you want
Save any chart as an image
Utilize advanced screener power
View 30 years of financial history
over 90 advanced calculations
Enjoy an advertising free experience
LG Tangible Common Equity Ratio Rankings
| Overall | 51st percentile | 2121 of 4391 |
| Sector | 23rd percentile | 89 of 117 in Utilities |
| Industry | 33rd percentile | 18 of 27 in Gas Utilities |
LG Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 25.20% | Dec 2007 |
| Maximum | 34.99% | Mar 2012 |
| Average | 29.90% |
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.
Learn More
You may also be interested in these LG related companies
LG News
Apr 27, 8:31AM PR Newswire
about 120 days ago by odyssea
Jan 26, 5:05PM PR Newswire
about 163 days ago by MarketBrief
about 191 days ago by Benzinga
about 195 days ago by DynamicDividend
about 272 days ago by DynamicDividend
about 281 days ago by momomiester
about 468 days ago by Saeculi
about 510 days ago by howardlindzon
about 567 days ago by themeatbaron
about 604 days ago by tracked
about 621 days ago by tracked
about 625 days ago by annveena
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| LG | 38.27 | +0.08 | +0.21% | 858.89M |
| LFUS | 57.82 | -0.95 | -1.62% | 1.270B |
| LFL | 23.77 | -0.54 | -2.22% | 8.273B |
| LFC | 34.94 | -1.20 | -3.32% | 17.93B |
| LF | 10.35 | -0.09 | -0.86% | 577.96M |
| LEO | 9.37 | +0.02 | +0.21% | |
| LENB | 21.58 | -1.23 | -5.39% | 713.95M |
| LEN | 27.09 | -1.66 | -5.77% | 5.426B |
| LEI | 1.47 | -0.03 | -2.00% | 29.31M |
| LEG | 20.51 | -0.50 | -2.38% | 2.942B |
