Alliant Energy Corporation (LNT)
Alliant Energy Corporation Tangible Common Equity Ratio: 31.15%
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LNT Tangible Common Equity Ratio Rankings
| Overall | 55th percentile | 1951 of 4385 |
| Sector | 36th percentile | 74 of 117 in Utilities |
| Industry | 26th percentile | 39 of 53 in Electric Utilities |
LNT Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 30.59% | Mar 2010 |
| Maximum | 38.55% | Sep 2008 |
| Average | 33.60% |
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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LNT News
May 25, 8:00AM PR Newswire
May 18, 8:00AM Business Wire
May 17, 1:00PM PR Newswire
May 07, 9:29AM Benzinga
May 07, 6:59AM Benzinga
about 26 days ago by earningscast
May 03, 3:07PM PR Newswire
Apr 27, 3:56PM PR Newswire
Apr 13, 7:01AM Street Insider
about 110 days ago by earningscast
about 175 days ago by journalistjosh
about 179 days ago by DynamicDividend
about 179 days ago by Benzinga
about 283 days ago by 1nvestor
about 326 days ago by Lightman
about 329 days ago by 1nvestor
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| LNT | 44.10 | +0.06 | +0.14% | 4.889B |
| KLIC | 10.89 | +0.07 | +0.65% | 797.65M |
| KLD | 57.54 | +0.47 | +0.83% | |
| KLAC | 46.84 | +0.69 | +1.50% | 7.695B |
| KKR | 12.17 | +0.47 | +4.02% | 2.711B |
| KKD | 6.58 | +0.10 | +1.54% | 441.29M |
| KITD | 3.76 | +0.21 | +5.92% | 164.51M |
| KIRK | 10.78 | +0.45 | +4.36% | 189.14M |
| KIPS | 1.20 | -0.05 | -4.00% | 20.31M |
| KINS | 4.928 | +0.48 | +10.74% | 17.09M |
