SoundBite Communications (SDBT)
SoundBite Communications Tangible Common Equity Ratio
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SDBT Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 84.49% | Jun 2011 |
| Maximum | 92.15% | Mar 2009 |
| Average | 89.32% |
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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SDBT News
May 25, 10:15AM GlobeNewswire
May 21, 11:56AM GlobeNewswire
May 15, 5:05PM GlobeNewswire
about 22 days ago by RecogniaEvents
Apr 18, 10:14AM GlobeNewswire
Apr 06, 4:29PM GlobeNewswire
about 57 days ago by MarketBrief
Feb 29, 3:38PM GlobeNewswire
Feb 22, 4:00PM GlobeNewswire
Jan 31, 11:05AM GlobeNewswire
Jan 30, 8:00AM GlobeNewswire
Jan 30, 6:54AM Street Insider
Jan 30, 6:40AM Benzinga
Jan 30, 6:30AM GlobeNewswire
Jan 09, 10:45AM GlobeNewswire
Nov 02, 4:52PM Street Insider
Oct 26, 9:15AM GlobeNewswire
Oct 25, 1:36PM GlobeNewswire
about 1284 days ago by cselland
about 1332 days ago by JayBWood
about 1335 days ago by Covestor
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SDBT | 2.42 | +0.02 | +0.83% | 39.53M |
| WILC | 4.50 | +0.00 | +0.00% | 61.06M |
| WIBC | 4.815 | -0.20 | -3.89% | 357.11M |
| WIA | 13.00 | +0.07 | +0.54% | |
| WHX | 16.90 | -0.08 | -0.47% | 235.34M |
| WHRT | 0.28 | +0.01 | +2.38% | 7.297M |
| WHR | 57.77 | -4.11 | -6.64% | 4.760B |
| WHG | 34.15 | -1.45 | -4.07% | 285.51M |
| WH | 1.35 | +0.03 | +2.27% | 27.59M |
| WGOV | 37.71 | -0.41 | -1.08% |
