Panhandle Oil and Gas (PHX)
Panhandle Oil and Gas Tangible Common Equity Ratio: 63.97%
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PHX Tangible Common Equity Ratio Rankings
| Overall | 23rd percentile | 3350 of 4390 |
| Sector | 28th percentile | 360 of 507 in Basic Materials |
| Industry | 24th percentile | 70 of 93 in Independent Oil & Gas |
PHX Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 56.02% | Sep 2008 |
| Maximum | 71.43% | Mar 2011 |
| Average | 64.68% |
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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PHX News
about 8 days ago by MarketBrief
May 21, 11:00AM PR Newswire
May 17, 6:35AM Street Insider
May 07, 7:00AM PR Newswire
about 37 days ago by RecogniaEvents
Apr 05, 11:00AM PR Newswire
Mar 13, 10:00AM PR Newswire
Feb 01, 12:00PM PR Newswire
Jan 31, 10:00AM PR Newswire
about 127 days ago by MarketBrief
Jan 04, 4:13PM Street Insider
Dec 08, 6:00AM PR Newswire
Nov 10, 6:00AM PR Newswire
Oct 31, 6:00AM PR Newswire
Oct 27, 1:37PM PR Newswire
Oct 04, 6:00AM PR Newswire
Sep 21, 10:00AM PR Newswire
Aug 19, 8:35AM FlyOnTheWall
Aug 17, 6:00AM PR Newswire
Aug 08, 6:00AM PR Newswire
about 568 days ago by FactSet
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PHX | 25.49 | +0.07 | +0.28% | 209.97M |
| PGI | 8.35 | +0.09 | +1.09% | 414.32M |
| PGH | 7.08 | +0.06 | +0.85% | 2.543B |
| PGC | 14.93 | +0.10 | +0.67% | 131.54M |
| PG | 62.29 | -0.03 | -0.05% | 171.65B |
| PFSW | 3.34 | +0.04 | +1.21% | 42.11M |
| PFS | 13.96 | -0.04 | -0.29% | 849.80M |
| PFM | 15.30 | -0.02 | -0.13% | |
| PFIN | 4.690 | -0.01 | -0.22% | 16.98M |
| PFI | 18.54 | -0.12 | -0.64% |
