Targa Resources Partners (NGLS)
Targa Resources Partners Tangible Common Equity Ratio: 43.33%
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NGLS Tangible Common Equity Ratio Rankings
| Overall | 43rd percentile | 2500 of 4391 |
| Sector | 57th percentile | 216 of 507 in Basic Materials |
| Industry | 33rd percentile | 22 of 33 in Oil & Gas Pipelines |
NGLS Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 23.10% | Dec 2009 |
| Maximum | 68.31% | Jun 2007 |
| Average | 41.13% |
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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NGLS News
May 03, 7:00AM GlobeNewswire
about 32 days ago by ABtrader
Apr 16, 5:29PM GlobeNewswire
Apr 11, 5:27PM Street Insider
about 49 days ago by DynamicDividend
Mar 23, 4:06PM GlobeNewswire
Feb 28, 5:39PM GlobeNewswire
about 93 days ago by billgunderson
Feb 23, 6:43PM Seeking Alpha
Feb 23, 7:00AM GlobeNewswire
about 98 days ago by CapitalistBull
about 120 days ago by mlpguy
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NGLS | 40.45 | -0.92 | -2.22% | 3.764B |
| NGG | 50.55 | -2.94 | -5.50% | 39.03B |
| NGB | 16.30 | +0.00 | +0.00% | |
| NFZ | 14.67 | +0.02 | +0.14% | |
| NFX | 30.56 | -1.58 | -4.92% | 4.346B |
| NFP | 13.19 | -0.12 | -0.90% | 536.26M |
| NFO | 31.54 | -0.56 | -1.73% | |
| NFLX | 67.34 | -2.10 | -3.02% | 3.848B |
| NFG | 42.80 | -1.24 | -2.82% | 3.658B |
| NFC | 14.52 | +0.01 | +0.07% |
