ScanSource (SCSC)
ScanSource Tangible Common Equity Ratio: 50.91%
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SCSC Tangible Common Equity Ratio Rankings
| Overall | 35th percentile | 2824 of 4390 |
| Sector | 52nd percentile | 389 of 815 in Technology |
| Industry | 35th percentile | 13 of 20 in Technical & System Software |
SCSC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 40.96% | Sep 2007 |
| Maximum | 59.63% | Mar 2009 |
| Average | 51.35% |
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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SCSC News
about 35 days ago by earningscast
Apr 24, 9:30AM Business Wire
Apr 17, 8:30AM Business Wire
Apr 03, 12:45PM Business Wire
Feb 29, 4:22PM Business Wire
Feb 27, 9:30AM Business Wire
Feb 23, 9:00AM Business Wire
about 119 days ago by MarketBrief
Jan 31, 9:17AM Business Wire
about 126 days ago by earningscast
Jan 26, 4:25PM Street Insider
about 128 days ago by covestor
Jan 17, 8:30AM Business Wire
Jan 12, 8:03AM Street Insider
Jan 10, 1:50PM Street Insider
about 172 days ago by 1nvestor
about 217 days ago by Benzinga
about 217 days ago by Benzinga
about 226 days ago by MarketBrief
about 237 days ago by Benzinga
about 287 days ago by trending123
about 287 days ago by Benzinga
about 310 days ago by markddeals
about 325 days ago by Street_Insider
about 331 days ago by jimvanmeerten
about 399 days ago by Benzinga
about 490 days ago by OptionRadar
about 510 days ago by Street_Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SCSC | 29.75 | -0.72 | -2.36% | 835.18M |
| SCS | 8.63 | +0.04 | +0.47% | 1.088B |
| SCOR | 18.06 | +0.01 | +0.06% | 612.26M |
| 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 | 3.32 | -0.06 | -1.78% | 115.09M |