Sabine Royalty Trust (SBR)
Sabine Royalty Trust Tangible Common Equity Ratio: 91.59%
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SBR Tangible Common Equity Ratio Rankings
| Overall | 2nd percentile | 4286 of 4390 |
| Sector | 1st percentile | 858 of 872 in Financial |
| Industry | 23rd percentile | 20 of 26 in Diversified Investments |
SBR Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 77.20% | Mar 2009 |
| Maximum | 97.10% | Sep 2007 |
| Average | 91.84% |
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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SBR News
Apr 04, 11:30AM PR Newswire
Jan 05, 11:31AM Street Insider
about 216 days ago by 1973Hog
about 474 days ago by stemcellcure
about 505 days ago by DynamicDividend
about 570 days ago by macroQmicro
about 821 days ago by SnoopyJC
about 831 days ago by SnoopyJC
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SBR | 49.15 | -0.27 | -0.55% | 720.54M |
| SBNY | 61.44 | -0.52 | -0.84% | 2.861B |
| SBLK | 0.80 | +0.01 | +1.27% | 63.48M |
| SBI | 10.34 | -0.23 | -2.18% | |
| SAH | 14.89 | -0.01 | -0.07% | 784.48M |
| SAFT | 40.11 | +0.24 | +0.60% | 606.02M |
| SAFM | 54.94 | +1.48 | +2.77% | 1.189B |
| SABA | 8.34 | -0.02 | -0.24% | 245.78M |
| SAB | 8.55 | +0.00 | +0.00% | 226.92M |
| SAAS | 5.20 | +0.15 | +2.97% | 220.68M |
