North European Oil Royalty Trust (NRT)
North European Oil Royalty Trust Tangible Common Equity Ratio: 1.62%
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NRT Tangible Common Equity Ratio Rankings
| Overall | 85th percentile | 643 of 4390 |
| Sector | 94th percentile | 48 of 871 in Financial |
| Industry | 84th percentile | 4 of 26 in Diversified Investments |
NRT Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 0.43% | Jan 2008 |
| Maximum | 2.55% | Jan 2010 |
| Average | 1.35% |
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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NRT News
May 14, 1:40PM PR Newswire
Apr 27, 11:46AM PR Newswire
Feb 13, 2:05PM PR Newswire
Jan 27, 1:32PM PR Newswire
about 142 days ago by MarketBrief
Nov 15, 12:58PM PR Newswire
Oct 28, 10:17AM PR Newswire
Sep 19, 5:22PM FlyOnTheWall
Aug 12, 10:53AM PR Newswire
Jul 28, 11:36AM PR Newswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NRT | 29.82 | -0.74 | -2.42% | 274.05M |
| NRP | 23.01 | -0.62 | -2.62% | 2.440B |
| NRO | 4.15 | -0.08 | -1.89% | |
| NICE | 37.02 | -0.68 | -1.80% | 2.288B |
| NI | 25.04 | -0.22 | -0.87% | 7.066B |
| NHTB | 12.75 | +0.18 | +1.43% | 74.46M |
| NHI | 47.85 | -0.98 | -2.01% | 1.329B |
| NHC | 43.20 | -0.29 | -0.67% | 598.75M |
| NCMI | 13.69 | -0.26 | -1.86% | 767.60M |
| NCL | 15.02 | -0.03 | -0.20% |
