Orion Energy Systems (OESX)
Orion Energy Systems Tangible Common Equity Ratio
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OESX Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 75.03% | Jun 2011 |
| Maximum | 88.50% | Jun 2009 |
| Average | 83.20% |
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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OESX News
May 17, 7:45AM Marketwire
May 15, 3:32PM Marketwire
Apr 27, 4:43PM Business Wire
about 47 days ago by Val_U_Investor
Mar 30, 4:10PM Business Wire
Mar 05, 12:04PM Business Wire
about 97 days ago by Val_U_Investor
Feb 23, 4:25PM Street Insider
Feb 23, 4:10PM Business Wire
about 110 days ago by MarketBrief
Feb 09, 6:13PM Business Wire
Feb 02, 5:30PM Street Insider
about 118 days ago by Val_U_Investor
about 127 days ago by Val_U_Investor
Jan 19, 2:05PM Business Wire
about 139 days ago by Val_U_Investor
about 139 days ago by Val_U_Investor
Dec 21, 8:11AM Street Insider
about 180 days ago by 19thstreet
Dec 02, 2:35PM Benzinga
Nov 23, 5:32PM Business Wire
Nov 15, 7:19PM Business Wire
Nov 03, 9:41AM Street Insider
about 225 days ago by BullTard
about 225 days ago by BullTard
about 258 days ago by BullTard
about 300 days ago by NJHounds
about 336 days ago by SkyHigh
about 372 days ago by StockTwitsTV
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| OESX | 2.14 | +0.07 | +3.38% | 47.63M |
| NXZ | 15.19 | -0.04 | -0.26% | |
| NXY | 15.75 | -0.59 | -3.61% | 8.634B |
| NXTM | 15.29 | -0.17 | -1.10% | 861.74M |
| NXST | 6.78 | -0.05 | -0.73% | 196.70M |
| NXQ | 14.04 | +0.15 | +1.08% | |
| NXPI | 21.54 | -0.71 | -3.19% | 5.601B |
| NXP | 15.24 | +0.08 | +0.53% | |
| NXN | 14.49 | +0.01 | +0.07% | |
| NX | 16.54 | -0.77 | -4.45% | 636.32M |