Tengasco (TGC)
Tengasco Tangible Common Equity Ratio: 61.12%
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TGC Tangible Common Equity Ratio Rankings
| Overall | 26th percentile | 3229 of 4388 |
| Sector | 33rd percentile | 338 of 508 in Basic Materials |
| Industry | 29th percentile | 66 of 93 in Independent Oil & Gas |
TGC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 57.32% | Mar 2011 |
| Maximum | 84.98% | Sep 2007 |
| Average | 68.19% |
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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TGC News
May 15, 8:45AM PR Newswire
about 64 days ago by StockTiger
about 77 days ago by smallcappower
about 89 days ago by aarlew000
about 99 days ago by slvrserfr
Feb 22, 7:56AM PR Newswire
about 172 days ago by traderdigs
about 172 days ago by traderdigs
about 196 days ago by padgamer
about 199 days ago by traderdigs
Nov 14, 9:01AM FlyOnTheWall
about 214 days ago by traderdigs
May 16, 8:29AM PR Newswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| TGC | 0.7502 | -0.03 | -3.81% | 47.37M |
| TGB | 2.66 | +0.03 | +1.14% | 515.01M |
| TGAL | 3.49 | +0.00 | +0.00% | 5.898M |
| TGA | 9.53 | -0.77 | -7.48% | 752.72M |
| TG | 14.24 | +0.69 | +5.09% | 434.41M |
| TFX | 58.14 | -1.26 | -2.12% | 2.421B |
| TFSL | 9.25 | -0.12 | -1.28% | 2.895B |
| TFONY | 14.56 | -0.19 | -1.29% | |
| TFM | 56.60 | -1.52 | -2.62% | 2.793B |
| TFI | 24.26 | -0.04 | -0.19% |
