SIFCO Industries (SIF)
SIFCO Industries Tangible Common Equity Ratio: 39.04%
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SIF Tangible Common Equity Ratio Rankings
| Overall | 47th percentile | 2320 of 4388 |
| Sector | 45th percentile | 172 of 317 in Industrial Goods |
| Industry | 41st percentile | 23 of 39 in Aerospace & Defense Products & Services |
SIF Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 39.04% | Dec 2011 |
| Maximum | 72.92% | Jun 2009 |
| Average | 64.44% |
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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SIF News
May 10, 6:30AM Business Wire
about 81 days ago by RecogniaEvents
Feb 09, 6:30AM Business Wire
about 113 days ago by MarketBrief
about 175 days ago by MarketBrief
about 176 days ago by MarketBrief
about 178 days ago by MarketBrief
about 178 days ago by MarketBrief
about 180 days ago by MarketBrief
about 182 days ago by MarketBrief
Dec 01, 12:30PM Business Wire
about 183 days ago by MarketBrief
about 242 days ago by DynamicDividend
about 272 days ago by MOFinancial
Aug 11, 6:15AM Business Wire
May 09, 7:00AM Business Wire
Feb 24, 2:51PM Business Wire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SIF | 19.05 | +0.06 | +0.32% | 100.46M |
| SHI | 28.61 | -0.03 | -0.10% | 873.52M |
| SHG | 62.71 | -1.71 | -2.65% | 15.27B |
| SHFL | 14.81 | -1.05 | -6.62% | 863.26M |
| SHEN | 10.41 | -0.25 | -2.35% | 254.24M |
| SHBI | 5.87 | -0.28 | -4.55% | 52.03M |
| SH | 39.09 | +0.98 | +2.57% | |
| SGY | 21.70 | -1.86 | -7.89% | 1.152B |
| SGU | 3.93 | -0.02 | -0.51% | 242.14M |
| SGF | 11.59 | -0.25 | -2.11% |
