Schnitzer Steel Industries (SCHN)
Schnitzer Steel Industries Tangible Common Equity Ratio: 38.37%
View SCHN Tangible Common Equity Ratio with YCharts Pro.
Access these YCharts Pro features:
Export any data you want
Save any chart as an image
Utilize advanced screener power
View 30 years of financial history
over 90 advanced calculations
Enjoy an advertising free experience
SCHN Tangible Common Equity Ratio Rankings
| Overall | 47th percentile | 2289 of 4390 |
| Sector | 64th percentile | 178 of 507 in Basic Materials |
| Industry | 60th percentile | 12 of 30 in Steel & Iron |
SCHN Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 34.12% | May 2011 |
| Maximum | 65.46% | Nov 2008 |
| Average | 52.68% |
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.
Learn More
You may also be interested in these SCHN related companies
SCHN News
May 21, 11:47AM Benzinga
about 13 days ago by TradeIdeasQuant
May 18, 1:52PM Street Insider
May 18, 12:33PM Fox Business
May 18, 12:09PM Benzinga
May 18, 11:56AM Street Insider
May 18, 10:31AM Street Insider
about 13 days ago by TradeBot
May 18, 9:47AM Street Insider
May 18, 9:01AM Benzinga
May 17, 4:11PM Street Insider
about 21 days ago by Val_U_Investor
May 01, 7:32AM Street Insider
about 38 days ago by MomentumPartnersLLC
about 45 days ago by azendrian
about 49 days ago by TradeIdeasQuant
about 56 days ago by TradeBot
about 56 days ago by earningscast
about 56 days ago by DynamicDividend
about 76 days ago by RecogniaEvents
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SCHN | 26.08 | -1.28 | -4.68% | 745.83M |
| SBI | 10.34 | -0.23 | -2.18% | |
| SBGI | 8.13 | +0.02 | +0.25% | 656.75M |
| SBCF | 1.51 | +0.04 | +2.72% | 139.22M |
| SBBX | 5.11 | +0.45 | +9.66% | 17.22M |
| SB | 6.50 | +0.11 | +1.72% | 485.00M |
| RL | 148.75 | +0.06 | +0.04% | 13.73B |
| RKT | 51.58 | +0.12 | +0.23% | 3.633B |
| RJF | 34.19 | +0.33 | +0.97% | 4.608B |
| RJET | 5.43 | +0.25 | +4.83% | 250.87M |
