Star Gas Partners (SGU)
Star Gas Partners Tangible Common Equity Ratio: -1.89%
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SGU Tangible Common Equity Ratio Rankings
| Overall | 86th percentile | 587 of 4388 |
| Sector | 95th percentile | 23 of 508 in Basic Materials |
| Industry | 90th percentile | 3 of 33 in Oil & Gas Pipelines |
SGU Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -4.49% | Dec 2008 |
| Maximum | 31.53% | Mar 2010 |
| Average | 11.39% |
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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SGU News
about 11 days ago by MarketBrief
about 15 days ago by MarketBrief
about 16 days ago by MarketBrief
about 18 days ago by MarketBrief
Apr 30, 7:00AM GlobeNewswire
Apr 19, 11:30AM GlobeNewswire
about 108 days ago by MarketBrief
about 112 days ago by dacenergy
about 112 days ago by Adamantium
Feb 01, 7:00AM GlobeNewswire
Jan 19, 12:01PM Street Insider
Jan 19, 12:00PM GlobeNewswire
about 172 days ago by MarketBrief
about 175 days ago by MarketBrief
Dec 07, 4:05PM GlobeNewswire
Dec 01, 1:00PM GlobeNewswire
Oct 25, 11:57AM Street Insider
Oct 25, 11:55AM GlobeNewswire
Jul 28, 12:00PM GlobeNewswire
about 471 days ago by MicroInsider
about 492 days ago by Grobbel1
about 565 days ago by howardlindzon
about 565 days ago by OptionRadar
about 603 days ago by LitheLyricist
about 603 days ago by 1nvestor
about 604 days ago by 1nvestor
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SGU | 3.93 | -0.02 | -0.51% | 242.14M |
| SGF | 11.59 | -0.25 | -2.11% | |
| SGEN | 19.11 | -0.37 | -1.90% | 2.267B |
| SGC | 11.74 | -0.13 | -1.10% | 70.56M |
| SGA | 34.15 | -0.75 | -2.15% | 148.32M |
| SFY | 18.11 | -1.80 | -9.04% | 846.97M |
| SFUN | 14.93 | -0.85 | -5.39% | 801.15M |
| SFSF | 39.99 | +0.00 | +0.00% | 3.392B |
| SFLY | 25.55 | -2.02 | -7.33% | 961.09M |
| SFL | 15.19 | -0.30 | -1.94% | 1.226B |