ONEOK (OKE)
ONEOK Tangible Common Equity Ratio: 25.49%
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OKE Tangible Common Equity Ratio Rankings
| Overall | 61st percentile | 1688 of 4390 |
| Sector | 63rd percentile | 43 of 117 in Utilities |
| Industry | 66th percentile | 9 of 27 in Gas Utilities |
OKE Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 8.40% | Sep 2007 |
| Maximum | 26.32% | Sep 2010 |
| Average | 18.71% |
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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OKE News
May 23, 4:12PM Street Insider
May 23, 4:05PM Benzinga
May 17, 4:10PM PR Newswire
about 25 days ago by 1nvestor
about 29 days ago by earningscast
May 01, 4:10PM PR Newswire
May 01, 4:05PM PR Newswire
about 31 days ago by abubnic
about 42 days ago by DynamicDividend
about 58 days ago by MarketBrief
about 85 days ago by RecogniaEvents
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| OKE | 82.99 | -0.22 | -0.26% | 8.647B |
| SBR | 49.15 | -0.27 | -0.55% | 720.54M |
| SBNY | 61.44 | -0.52 | -0.84% | 2.861B |
| SBLK | 0.80 | +0.01 | +1.27% | 63.48M |
| SBI | 10.34 | -0.23 | -2.18% | |
| SAH | 14.89 | -0.01 | -0.07% | 784.48M |
| SAFT | 40.11 | +0.24 | +0.60% | 606.02M |
| SAFM | 54.94 | +1.48 | +2.77% | 1.189B |
| SABA | 8.34 | -0.02 | -0.24% | 245.78M |
| SAB | 8.55 | +0.00 | +0.00% | 226.92M |
