SMF Energy Corporation (FUEL)
SMF Energy Corporation Tangible Common Equity Ratio: 28.93%
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FUEL Tangible Common Equity Ratio Rankings
| Overall | 58th percentile | 1830 of 4385 |
| Sector | 79th percentile | 103 of 510 in Basic Materials |
| Industry | 75th percentile | 7 of 29 in Oil & Gas Refining & Marketing |
FUEL Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -6.18% | Dec 2007 |
| Maximum | 28.93% | Dec 2011 |
| Average | 11.04% |
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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FUEL News
Mar 22, 7:02AM Benzinga
about 74 days ago by SlaveTrader
Mar 16, 12:10PM Benzinga
about 74 days ago by Benzinga
Mar 16, 11:40AM Street Insider
Mar 16, 11:36AM PR Newswire
about 92 days ago by 1973Hog
Feb 14, 5:44PM PR Newswire
about 106 days ago by joshua101
about 116 days ago by 1973Hog
about 118 days ago by StockTwits
about 138 days ago by DynamicDividend
Jan 12, 8:31AM Street Insider
Nov 17, 10:27AM Street Insider
Nov 17, 9:20AM FlyOnTheWall
Nov 17, 9:15AM Benzinga
Nov 15, 7:04PM PR Newswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FUEL | 0.319 | +0.00 | +0.00% | 2.737M |
| FTWR | 0.19 | -0.03 | -12.44% | |
| FMS | 67.76 | +0.89 | +1.33% | 20.07B |
| FMFC | 4.39 | +0.24 | +5.78% | 38.18M |
| FMER | 16.07 | -0.06 | -0.37% | 1.761B |
| FMD | 1.20 | +0.01 | +0.84% | 120.84M |
| FMCN | 22.33 | +0.95 | +4.44% | 3.101B |
| FMC | 52.54 | +1.15 | +2.24% | 3.552B |
| FMBI | 10.23 | +0.01 | +0.10% | 763.33M |
| FMAR | 0.38 | +0.03 | +8.57% |
