Six Flags Entertainment Corporation (SIX)
Six Flags Entertainment Corporation Tangible Common Equity Ratio: -25.35%
View SIX Tangible Common Equity Ratio with YCharts Pro.
Access these YCharts Pro features:
Export any data you want
Save any chart as an image
Utilize advanced screener power
View 30 years of financial history
over 90 advanced calculations
Enjoy an advertising free experience
SIX Tangible Common Equity Ratio Rankings
| Overall | 91st percentile | 353 of 4390 |
| Sector | 85th percentile | 126 of 855 in Services |
| Industry | 71st percentile | 2 of 7 in General Entertainment |
SIX Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -99.77% | Mar 2010 |
| Maximum | -1.97% | Sep 2010 |
| Average | -49.33% |
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.
Learn More
You may also be interested in these SIX related companies
SIX News
May 24, 3:47AM Benzinga
about 8 days ago by azendrian
about 14 days ago by DynamicDividend
May 07, 7:00AM PR Newswire
about 27 days ago by MarketBrief
about 27 days ago by MarketBrief
May 02, 3:33PM Street Insider
about 31 days ago by MarketBrief
about 31 days ago by MarketBrief
Apr 25, 2:56PM Seeking Alpha
about 36 days ago by TradeBot
about 36 days ago by earningscast
Apr 25, 8:00AM PR Newswire
Apr 17, 7:00AM PR Newswire
about 69 days ago by RecogniaEvents
about 72 days ago by MarketBrief
about 106 days ago by earningscast
about 111 days ago by ycharts
about 111 days ago by bradloncar
about 112 days ago by fallondpicks
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SIX | 45.55 | +0.25 | +0.55% | 2.458B |
| SIVR | 27.59 | -0.13 | -0.47% | |
| SIVB | 59.61 | -0.21 | -0.35% | 2.620B |
| SDBT | 2.45 | -0.05 | -2.00% | 41.18M |
| SDA | 10.40 | -0.10 | -0.95% | |
| SD | 6.29 | -0.07 | -1.10% | 2.648B |
| SCZ | 35.20 | +0.20 | +0.58% | |
| SCVL | 21.15 | -0.09 | -0.42% | 433.93M |
| SCSS | 27.27 | -0.18 | -0.66% | 1.550B |
| SCSC | 29.93 | -0.54 | -1.77% | 835.18M |
