Teekay Tankers (TNK)

4.02 -0.05  -1.23%  Jun 01, 1:06PM Go Pro
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Teekay Tankers Tangible Common Equity Ratio: 61.89%

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TNK Tangible Common Equity Ratio Rankings

Overall 25th percentile 3264 of 4388
Sector 19th percentile 689 of 856 in Services
Industry 14th percentile 36 of 42 in Shipping

TNK Tangible Common Equity Ratio Range, Past 5 Years

Minimum 22.08% Dec 2008
Maximum 61.89% Mar 2012
Average 43.26%

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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TNK News

$GNOM is getting too risky. I'm out. Oil related businesses are overkilled these days. Going to buy more $FREE and $TNK. Good luck GNOM guys
about 3 days ago by kami_ss
#Storify: Snapshot of Teekay's First Quarter 2012 Results http://stks.co/3wI9 #marine #energy $TK $TGP $TOO $TNK
about 10 days ago by TeekayCorp
"In Q1 2012, OPEC crude oil production averaged 1.3 million barrels per day higher than the Q1 2011." Bruce Chan $TNK
about 15 days ago by TeekayTankers
Teekay Tankers Q1 earnings webcast is now live http://stks.co/3sQu $TNK
about 15 days ago by TeekayTankers
Teekay Tankers Ltd. Reports First Quarter Results http://stks.co/3sCz $TNK
about 15 days ago by TeekayTankers
$TNK forms bearish "Head and Shoulders Top" chart pattern. http://stks.co/3riR
about 16 days ago by RecogniaEvents
Teekay Tankers Ltd. Declares Dividend $0.16 per share http://stks.co/3rWg $TNK
about 16 days ago by TeekayTankers
REMINDER: $TNK webcast for Q1 Earnings Results is tomorrow, March 17 at 11am ET http://stks.co/3rVe
about 16 days ago by TeekayTankers
Teekay Tankers Ltd. Declares Dividend
May 16, 4:01PM Marketwire
Save the date: Teekay's 2012 Investor Day June 18 http://stks.co/3n4J $TK $TOO $TGP $TNK
about 21 days ago by TeekayCorp
Two big-box dividend payers, one easy choice http://stks.co/3lYG $WMT $BBY $TEF $TNK
about 22 days ago by CharlesSizemore
$TNK been good to me. i want to buy when it's going down to $4.50. high div. win win situation.
about 23 days ago by tokyobonbon
VIDEO: Why VLCC rates almost reached $50,000 in April and its impact on Afra and Suezmax rates http://stks.co/3UOB $TNK $TK #shippingnews
about 38 days ago by TeekayCorp
$TNK forms bearish "Head and Shoulders Top" chart pattern. http://stks.co/3PJy
about 44 days ago by RecogniaEvents
$TNK H&S top in place. If breaks 200 day MA and volume confirms it, we´re bearish. Small retracement might happen, but we´re BEAR on this
about 44 days ago by nobr3ga
out $TNK 6.01
about 45 days ago by jrtrader1998
Today's biggest up-gaps: $SGNT (+9,9%) $ENOC (+7,8%) $TNK (+6,4%) $ECYT (+6,3%) $IN (+6,2%) $GOL (+6,1%) $LNG (+6,0%)
about 45 days ago by TradeBot
$TNK long .85
about 45 days ago by jrtrader1998
Conference call April 17 @ 9am EST regarding $TNK acquisition of 13 Vessels From Teekay Corp-- Presentation available @ http://stks.co/3N9S
about 45 days ago by TeekayTankers
Teekay Tankers Ltd. Announces Acquisition of 13 Vessels From Teekay Corporation http://stks.co/3Mtm $TNK
about 46 days ago by TeekayTankers
@mainetrader BTW, $SINO not only one I like that's up. $SHIP $DRYS $TNK are great.
about 50 days ago by contrarian1
$tnk sold 5.67 lost 7 cents .
about 51 days ago by kunal00
in on $TNK
about 51 days ago by Lundquistador
$tnk long here on shipper momo
about 51 days ago by kunal00
Nice close on $SINO. I believe that in the long run Shipping and related are incredible values. $DRYS $SHIP $TNK $CPLP $FRO etc...
about 52 days ago by contrarian1
very cool RT @TeekayCorp: INFOGRAPHIC: Numbers behind Teekay's multi-million dollar tanker business http://stks.co/3Hso $TNK $TK
about 52 days ago by darrellheaps
IPO Preview: GasLog
Mar 29, 8:16AM
Teekay Tankers Goes Negative
Feb 24, 10:39AM Fool

Recent Quotes

Symbol Price Chg Chg % Market Cap
TNK 4.02 -0.05 -1.23% 262.03M
TM 74.88 -2.01 -2.61% 120.55B
TLT 129.60 +2.00 +1.57%
TLR 0.38 +0.00 +0.00% 23.29M
TLP 31.20 -0.34 -1.08% 456.07M
TLM 10.44 -0.06 -0.52% 10.83B
TLK 33.05 +0.49 +1.50% 16.41B
TGE 8.90 -0.47 -5.02% 190.49M
TGC 0.7502 -0.03 -3.81% 47.37M
TGB 2.66 +0.03 +1.14% 515.01M
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