Oil States International (OIS)
Oil States International Tangible Common Equity Ratio: 45.97%
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OIS Tangible Common Equity Ratio Rankings
| Overall | 40th percentile | 2614 of 4390 |
| Sector | 54th percentile | 233 of 507 in Basic Materials |
| Industry | 52nd percentile | 20 of 42 in Oil & Gas Equipment & Services |
OIS Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 42.24% | Dec 2010 |
| Maximum | 70.56% | Sep 2010 |
| Average | 52.64% |
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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OIS News
May 01, 9:02AM Thomson Reuters ONE
Apr 30, 1:33PM Street Insider
Apr 27, 4:25PM Seeking Alpha
about 34 days ago by Chase03670
Apr 26, 4:15PM GlobeNewswire
about 48 days ago by bgonzales205
about 49 days ago by Chase03670
about 49 days ago by Chase03670
about 52 days ago by MarketBrief
about 62 days ago by Chase03670
Mar 13, 12:53PM Street Insider
Feb 28, 4:16PM Thomson Reuters ONE
Feb 24, 5:08PM Seeking Alpha
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| OIS | 67.69 | -2.87 | -4.07% | 3.475B |
| OINK | 1.450 | -0.05 | -3.33% | 14.70M |
| OILT | 29.77 | -0.02 | -0.07% | 579.03M |
| OIIM | 4.41 | -0.08 | -1.78% | 141.61M |
| OII | 47.58 | -1.10 | -2.26% | 5.153B |
| OIH | 35.98 | -1.58 | -4.21% | |
| NSR | 32.95 | -0.57 | -1.70% | 2.221B |
| NSPH | 1.68 | -0.01 | -0.59% | 74.04M |
| NSP | 24.83 | -0.37 | -1.47% | 639.12M |
| NSIT | 14.99 | -0.68 | -4.34% | 658.81M |
