Superconductor Technologies (SCON)
Superconductor Technologies Tangible Common Equity Ratio: 90.11%
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SCON Tangible Common Equity Ratio Rankings
| Overall | 3rd percentile | 4256 of 4390 |
| Sector | 3rd percentile | 787 of 815 in Technology |
| Industry | 6th percentile | 44 of 47 in Semiconductor - Integrated Circuits |
SCON Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 48.37% | Dec 2007 |
| Maximum | 90.11% | Dec 2011 |
| Average | 82.16% |
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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SCON News
May 17, 6:30AM GlobeNewswire
May 16, 8:08AM Street Insider
Apr 24, 6:30AM GlobeNewswire
Apr 11, 4:09PM Benzinga
Mar 20, 6:30AM GlobeNewswire
Mar 07, 6:30AM GlobeNewswire
about 96 days ago by ActiveTrader73
about 97 days ago by Urbane_Gorilla
about 97 days ago by Urbane_Gorilla
about 97 days ago by anthony73
Feb 23, 1:00PM GlobeNewswire
Feb 21, 7:52AM Benzinga
Feb 21, 7:51AM Street Insider
Feb 21, 7:50AM GlobeNewswire
Feb 17, 9:26AM Street Insider
Feb 17, 9:26AM theflyonthewall.com
Feb 17, 9:20AM Benzinga
Feb 17, 9:20AM GlobeNewswire
about 120 days ago by 3DTRADINGTRADER
Jan 10, 6:30AM GlobeNewswire
Dec 12, 7:12AM Street Insider
Dec 12, 7:04AM GlobeNewswire
Nov 11, 6:30AM GlobeNewswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SCON | 0.669 | -0.02 | -3.04% | 26.97M |
| RWC | 1.62 | -0.02 | -1.22% | 22.21M |
| RVSN | 11.79 | +0.00 | +0.00% | 217.88M |
| RVSB | 1.31 | -0.07 | -5.13% | 29.44M |
| RVR | 22.68 | -0.12 | -0.53% | 80.06M |
| RVP | 1.07 | +0.06 | +5.94% | 27.05M |
| RVM | 3.38 | +0.00 | +0.00% | 115.09M |
| RVBD | 16.36 | +0.06 | +0.37% | 2.568B |
| RBCN | 8.73 | -0.09 | -1.02% | 198.71M |
| RBC | 59.89 | -0.79 | -1.30% | 2.526B |