Cirrus Logic (CRUS)
Cirrus Logic Tangible Common Equity Ratio: 84.89%
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CRUS Tangible Common Equity Ratio Rankings
| Overall | 6th percentile | 4087 of 4385 |
| Sector | 10th percentile | 726 of 814 in Technology |
| Industry | 19th percentile | 25 of 31 in Semiconductor - Specialized |
CRUS Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 74.29% | Sep 2008 |
| Maximum | 87.62% | Mar 2011 |
| Average | 81.28% |
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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CRUS News
about 20 hours ago by TraderFlorida
about 20 hours ago by howardlindzon
about 3 days ago by rheetta
about 4 days ago by CommAveTrader
about 4 days ago by spectre009
about 5 days ago by IndianTrader
about 5 days ago by StockTiger
about 5 days ago by woowtrading
about 5 days ago by woowtrading
about 6 days ago by TrendRida
about 6 days ago by log4sho
about 6 days ago by TradeIdeasQuant
Apr 25, 4:00PM Business Wire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CRUS | 27.45 | +0.29 | +1.07% | 1.760B |
| CRTX | 5.04 | +0.05 | +1.00% | 131.14M |
| CRT | 38.30 | -0.39 | -1.01% | 229.80M |
| CRS | 46.44 | -1.12 | -2.35% | 2.373B |
| CSCO | 16.33 | -0.06 | -0.37% | 87.95B |
| CSCD | 4.10 | +0.02 | +0.49% | 58.22M |
| CSC | 26.62 | +0.17 | +0.64% | 4.128B |
| CSBK | 10.07 | -0.19 | -1.85% | 263.23M |
| DFS | 32.73 | +0.11 | +0.34% | 17.35B |
| DFR | 6.92 | +0.33 | +5.01% | 140.13M |
