SCANA Corporation (SCG)
SCANA Corporation Tangible Common Equity Ratio: 29.29%
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SCG Tangible Common Equity Ratio Rankings
| Overall | 57th percentile | 1854 of 4390 |
| Sector | 44th percentile | 65 of 117 in Utilities |
| Industry | 39th percentile | 32 of 53 in Electric Utilities |
SCG Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 26.47% | Dec 2008 |
| Maximum | 29.95% | Jun 2007 |
| Average | 28.77% |
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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SCG News
about 7 hours ago by Fibline
May 16, 12:05PM Street Insider
May 04, 8:28AM Benzinga
May 03, 8:54PM Seeking Alpha
May 03, 12:46PM PR Newswire
about 34 days ago by RecogniaEvents
Apr 12, 10:00AM PR Newswire
about 67 days ago by MarketBrief
about 106 days ago by DynamicDividend
about 200 days ago by StockTiger
about 201 days ago by 1973Hog
about 207 days ago by valuewalk
about 207 days ago by FASTgraphs
about 227 days ago by StockTwits
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SCG | 46.95 | +0.37 | +0.79% | 6.074B |
| SCCO | 28.45 | -0.25 | -0.87% | 24.40B |
| SCC | 50.66 | +0.11 | +0.23% | |
| SCBT | 33.89 | +0.26 | +0.77% | 472.84M |
| SBX | 8.48 | +0.03 | +0.35% | 188.77M |
| SBUX | 54.89 | +0.16 | +0.29% | 41.23B |
| SBSA | 3.08 | -0.15 | -4.64% | 21.03M |
| SBS | 69.73 | +0.29 | +0.42% | 7.911B |
| SBR | 49.06 | -0.36 | -0.73% | 720.54M |
| RYAAY | 30.70 | +0.25 | +0.82% | 8.915B |
