Sina Corporation (SINA)
Sina Corporation Tangible Common Equity Ratio: 78.16%
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SINA Tangible Common Equity Ratio Rankings
| Overall | 11th percentile | 3878 of 4388 |
| Sector | 20th percentile | 645 of 815 in Technology |
| Industry | 18th percentile | 18 of 22 in Internet Software & Services |
SINA Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 68.57% | Jun 2007 |
| Maximum | 88.85% | Jun 2011 |
| Average | 74.42% |
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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SINA News
about 15 hours ago by DrunkenMonkey
about 15 hours ago by Newbie2
about 15 hours ago by Newbie2
about 15 hours ago by Newbie2
about a day ago by Sliver
about a day ago by DrunkenMonkey
about a day ago by Sliver
about a day ago by Sliver
about a day ago by DrunkenMonkey
about a day ago by Dlerch
about 2 days ago by Sliver
about 2 days ago by DrunkenMonkey
May 29, 9:23PM The Wall Street Journal
May 25, 9:00AM Marketwire
May 25, 7:02AM The Wall Street Journal
May 16, 12:35PM Fox Business
May 16, 9:35AM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SINA | 50.97 | -2.30 | -4.32% | 3.511B |
| SIMO | 13.16 | -0.38 | -2.81% | 449.80M |
| SIMG | 4.25 | -0.17 | -3.85% | 367.17M |
| SIM | 8.39 | -0.41 | -4.66% | |
| SILU | 1.38 | +0.02 | +1.47% | |
| SILC | 13.80 | -0.17 | -1.22% | 96.81M |
| SIF | 19.05 | +0.06 | +0.32% | 100.46M |
| SIEB | 1.58 | -0.02 | -1.25% | 34.93M |
| SID | 6.22 | -0.26 | -4.01% | 9.448B |
| SIAL | 67.51 | -1.86 | -2.68% | 8.382B |
