Fuel Systems Solutions (FSYS)
Fuel Systems Solutions Tangible Common Equity Ratio: 68.04%
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FSYS Tangible Common Equity Ratio Rankings
| Overall | 20th percentile | 3501 of 4385 |
| Sector | 19th percentile | 308 of 381 in Consumer Goods |
| Industry | 12th percentile | 29 of 33 in Auto Parts |
FSYS Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 37.48% | Sep 2007 |
| Maximum | 69.66% | Mar 2011 |
| Average | 51.89% |
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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FSYS News
about 6 days ago by TrendHunter
about 22 days ago by spectre009
about 25 days ago by OptionsCommander
about 25 days ago by TradeBot
about 26 days ago by TradeBot
about 26 days ago by earningscast
about 26 days ago by TradeBot
about 26 days ago by TradeIdeasQuant
May 02, 8:20AM Marketwire
about 32 days ago by TrendHunter
about 32 days ago by ivanhoff
Apr 18, 6:30AM GlobeNewswire
about 50 days ago by TJAnderson
about 50 days ago by MarketBrief
about 61 days ago by RecogniaEvents
about 61 days ago by RecogniaEvents
Mar 09, 9:05AM Street Insider
Mar 08, 6:31AM Street Insider
Mar 08, 6:30AM GlobeNewswire
Mar 05, 9:40AM Street Insider
Feb 22, 6:30AM GlobeNewswire
Feb 17, 6:30AM GlobeNewswire
Feb 01, 6:30AM GlobeNewswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FSYS | 15.10 | -0.24 | -1.56% | 302.15M |
| FSP | 10.05 | +0.07 | +0.70% | 833.55M |
| FSLR | 14.35 | +0.02 | +0.14% | 1.239B |
| FSL | 9.92 | +0.17 | +1.74% | 2.444B |
| FSIN | 6.66 | -0.03 | -0.45% | 254.68M |
| FSII | 3.75 | +0.15 | +4.17% | 145.91M |
| FSI | 1.36 | +0.04 | +3.03% | 17.91M |
| FSGID | 2.637 | +0.00 | +0.00% | |
| FSGI | 2.637 | +0.00 | +0.00% | 4.641M |
| FSFG | 18.00 | +0.49 | +2.80% | 42.48M |