Northeast Utilities Systems (NU)
Northeast Utilities Systems Tangible Common Equity Ratio: 24.12%
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NU Tangible Common Equity Ratio Rankings
| Overall | 62nd percentile | 1632 of 4391 |
| Sector | 70th percentile | 35 of 117 in Utilities |
| Industry | 78th percentile | 5 of 23 in Diversified Utilities |
NU Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 19.95% | Dec 2008 |
| Maximum | 25.64% | Jun 2011 |
| Average | 23.57% |
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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NU News
about 26 days ago by 1nvestor
May 03, 9:10PM Seeking Alpha
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May 02, 11:54AM Street Insider
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Apr 13, 9:05AM Street Insider
about 50 days ago by earningscast
Apr 10, 9:18AM Street Insider
Apr 10, 9:01AM Business Wire
about 70 days ago by MarketBrief
about 71 days ago by WallStJesus
about 71 days ago by MarketBrief
about 72 days ago by MarketBrief
about 83 days ago by DividendYield
about 86 days ago by RecogniaEvents
about 97 days ago by earningscast
about 105 days ago by StockTiger
about 105 days ago by StockTiger
about 105 days ago by StockTiger
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NU | 35.95 | -0.80 | -2.18% | 6.512B |
| NTZ | 2.78 | +0.09 | +3.35% | 151.62M |
| PFE | 22.04 | -0.14 | -0.63% | 167.18B |
| PFD | 13.85 | -0.04 | -0.29% | |
| PFCB | 51.26 | -0.12 | -0.23% | 1.090B |
| PFBCD | 12.32 | +0.28 | +2.33% | |
| PFBC | 12.18 | -0.14 | -1.14% | 162.50M |
| PFA | 14.94 | +0.14 | +0.95% | |
| PEZ | 28.26 | -0.36 | -1.26% | |
| PEY | 9.06 | -0.09 | -0.98% |
