Northwest Natural Gas Company (NWN)
Northwest Natural Gas Company Tangible Common Equity Ratio: 27.35%
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NWN Tangible Common Equity Ratio Rankings
| Overall | 59th percentile | 1766 of 4391 |
| Sector | 52nd percentile | 55 of 117 in Utilities |
| Industry | 59th percentile | 11 of 27 in Gas Utilities |
NWN Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 26.01% | Dec 2011 |
| Maximum | 32.67% | Jun 2007 |
| Average | 28.66% |
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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NWN News
about 27 days ago by earningscast
May 04, 6:51AM Street Insider
Apr 11, 6:20AM Street Insider
Apr 10, 2:49PM Business Wire
Mar 01, 2:48PM Street Insider
Feb 28, 6:53AM Street Insider
Jan 18, 5:42PM Business Wire
Jan 11, 6:10AM Street Insider
Jan 09, 11:49AM Street Insider
Jan 03, 6:42AM Street Insider
Nov 04, 6:00AM Business Wire
about 219 days ago by DynamicDividend
about 239 days ago by DynamicDividend
about 243 days ago by DynamicDividend
about 541 days ago by howardlindzon
about 545 days ago by RomeoFayette
about 547 days ago by RomeoFayette
about 581 days ago by RomeoFayette
about 684 days ago by MDotinga
about 968 days ago by stocksinside
about 983 days ago by maoxian
about 1100 days ago by WallStSource
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NWN | 45.93 | -0.45 | -0.97% | 1.243B |
| NWLI | 126.82 | -2.23 | -1.73% | 468.45M |
| NWL | 18.49 | -0.54 | -2.84% | 5.488B |
| NWK | 1.15 | -0.10 | -8.00% | 38.14M |
| NWE | 35.06 | -0.23 | -0.65% | 1.283B |
| NWBI | 11.55 | -0.23 | -1.95% | 1.149B |
| NVTL | 2.06 | -0.05 | -2.37% | 68.11M |
| MXT | 1.15 | -0.03 | -2.54% | 40.67M |
| MXL | 4.24 | +0.02 | +0.47% | 93.56M |
| MXIM | 25.43 | -0.28 | -1.09% | 7.501B |