New Jersey Resources Corporation (NJR)
New Jersey Resources Corporation Tangible Common Equity Ratio: 32.30%
View NJR 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
NJR Tangible Common Equity Ratio Rankings
| Overall | 54th percentile | 2008 of 4391 |
| Sector | 32nd percentile | 79 of 117 in Utilities |
| Industry | 40th percentile | 16 of 27 in Gas Utilities |
NJR Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 24.65% | Jun 2008 |
| Maximum | 32.30% | Mar 2012 |
| Average | 29.36% |
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 NJR related companies
NJR News
May 17, 11:53AM Street Insider
May 15, 2:24PM Street Insider
May 03, 7:00AM Business Wire
Apr 23, 2:10PM Business Wire
Apr 20, 7:47AM Street Insider
Mar 20, 1:08PM Business Wire
Mar 09, 11:54AM Business Wire
about 114 days ago by earningscast
Feb 07, 7:06AM Street Insider
Feb 07, 7:00AM Business Wire
Jan 26, 3:51PM Street Insider
Jan 26, 3:26PM Business Wire
Jan 18, 2:11PM Business Wire
about 153 days ago by tradewithpete
Dec 14, 10:18AM Business Wire
about 196 days ago by DynamicDividend
about 196 days ago by Benzinga
about 350 days ago by mapleleafnj
about 555 days ago by Kvetsh
about 611 days ago by themeatbaron
about 651 days ago by scottgreenstein
about 723 days ago by Contrahour
about 1193 days ago by TradeIdeas1
about 1350 days ago by greenskeptic
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NJR | 41.80 | -0.82 | -1.92% | 1.768B |
| NGSX | 0.37 | +0.00 | +0.00% | 11.07M |
| NGPC | 6.71 | +0.03 | +0.45% | 144.49M |
| 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% |
