China North East Petroleum (NEP)
China North East Petroleum Tangible Common Equity Ratio: 87.34%
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NEP Tangible Common Equity Ratio Rankings
| Overall | 4th percentile | 4172 of 4391 |
| Sector | 10th percentile | 456 of 507 in Basic Materials |
| Industry | 6th percentile | 59 of 63 in Oil & Gas Drilling & Exploration |
NEP Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 14.30% | Jun 2008 |
| Maximum | 87.34% | Sep 2011 |
| Average | 52.68% |
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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NEP News
about 27 days ago by Vertigo
about 48 days ago by sniper
Apr 11, 9:02AM Street Insider
Mar 21, 12:17PM Street Insider
about 75 days ago by MarketBrief
Mar 02, 3:52PM Street Insider
about 90 days ago by JFinDallas
about 90 days ago by JFinDallas
about 90 days ago by TradeHawk
about 99 days ago by rlindsey
Dec 15, 8:32AM Benzinga
Dec 08, 8:30AM PR Newswire
Nov 10, 7:45AM FlyOnTheWall
Nov 10, 7:33AM Street Insider
Nov 09, 8:30AM PR Newswire
Oct 28, 9:02AM Street Insider
Oct 28, 9:02AM FlyOnTheWall
Oct 25, 8:30AM PR Newswire
Oct 17, 9:03AM FlyOnTheWall
Oct 12, 8:32AM FlyOnTheWall
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NEP | 3.11 | +0.00 | +0.00% | 110.28M |
| NEOG | 38.47 | -0.09 | -0.23% | 907.32M |
| NEN | 27.00 | +0.00 | +0.00% | 85.32M |
| NEM | 47.85 | -0.33 | -0.68% | 23.62B |
| NEI | 0.80 | +0.01 | +1.27% | 33.61M |
| NEE | 65.15 | -0.49 | -0.75% | 27.32B |
| NEBS | 9.78 | -0.71 | -6.77% | 63.99M |
| NEA | 15.00 | -0.02 | -0.13% | |
| NE | 32.61 | -1.54 | -4.51% | 8.612B |
| MSB | 24.80 | -0.46 | -1.82% | 331.41M |
