Cheniere Energy (LNG)
Cheniere Energy Tangible Common Equity Ratio: 1.23%
View LNG 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
LNG Tangible Common Equity Ratio Rankings
| Overall | 85th percentile | 637 of 4391 |
| Sector | 94th percentile | 26 of 507 in Basic Materials |
| Industry | 96th percentile | 2 of 63 in Oil & Gas Drilling & Exploration |
LNG Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -23.88% | Mar 2011 |
| Maximum | 1.23% | Mar 2012 |
| Average | -16.44% |
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 LNG related companies
LNG News
about a day ago by OptionsCommander
about 5 days ago by OptionsCommander
May 23, 4:27PM Seeking Alpha
about 7 days ago by TradeWithMojo
about 8 days ago by ronin245
about 9 days ago by MarketBrief
about 9 days ago by MarketBrief
about 11 days ago by theprez98
about 13 days ago by flyluck
about 13 days ago by odyssea
May 17, 8:20AM Marketwire
about 14 days ago by GnomishMath
about 14 days ago by OptionsCommander
May 07, 10:38AM Street Insider
May 07, 8:15AM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| LNG | 15.64 | +0.63 | +4.20% | 2.356B |
| LNET | 1.55 | +0.32 | +26.02% | 39.29M |
| LNDC | 7.18 | +0.11 | +1.56% | 183.31M |
| LNCE | 26.25 | +0.61 | +2.38% | 1.781B |
| LNC | 21.73 | +0.46 | +2.16% | 6.331B |
| LNBB | 6.00 | -0.35 | -5.51% | 47.64M |
| LMT | 83.66 | +0.95 | +1.15% | 27.20B |
| LMOS | 8.50 | +0.14 | +1.67% | 180.88M |
| LMNX | 22.93 | +0.15 | +0.66% | 958.47M |
| LMLP | 1.92 | +0.00 | +0.00% | 54.20M |
