Pacific Sunwear of California (PSUN)
Pacific Sunwear of California Tangible Common Equity Ratio: 31.85%
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PSUN Tangible Common Equity Ratio Rankings
| Overall | 54th percentile | 1984 of 4390 |
| Sector | 52nd percentile | 406 of 855 in Services |
| Industry | 81st percentile | 8 of 43 in Apparel Stores |
PSUN Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 31.85% | Jan 2012 |
| Maximum | 65.32% | Jan 2009 |
| Average | 55.88% |
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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PSUN News
about 16 hours ago by laughing_stock
May 30, 5:02PM GlobeNewswire
about 2 days ago by StockTiger
about 2 days ago by StockTiger
May 21, 8:47AM Street Insider
May 18, 1:52PM Street Insider
May 18, 11:07AM Benzinga
May 18, 8:42AM Street Insider
May 17, 7:10PM Seeking Alpha
May 17, 4:39PM Street Insider
about 14 days ago by earningscast
May 17, 4:00PM GlobeNewswire
about 27 days ago by MarketBrief
May 02, 6:02PM GlobeNewswire
about 76 days ago by FinanceTrends
about 78 days ago by ldrogen
Mar 14, 1:31PM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PSUN | 1.43 | +0.03 | +2.14% | 94.36M |
| PSTR | 2.00 | -0.02 | -0.99% | 24.79M |
| PSTI | 2.38 | -0.05 | -2.06% | 108.06M |
| PST | 28.07 | -0.23 | -0.81% | |
| PSSI | 20.24 | +0.18 | +0.90% | 1.029B |
| POR | 25.15 | +0.09 | +0.36% | 1.889B |
| POPE | 48.69 | +0.69 | +1.44% | 211.68M |
| POM | 19.07 | +0.10 | +0.53% | 4.322B |
| POL | 13.23 | +0.23 | +1.77% | 1.158B |
| PODD | 18.43 | -0.08 | -0.43% | 880.71M |
