Shaw Communications (SJR)
Shaw Communications Tangible Common Equity Ratio: -41.68%
View SJR 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
SJR Tangible Common Equity Ratio Rankings
| Overall | 94th percentile | 252 of 4390 |
| Sector | 88th percentile | 97 of 855 in Services |
| Industry | 47th percentile | 11 of 21 in CATV Systems |
SJR Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -565.4% | Feb 2008 |
| Maximum | -36.14% | Nov 2011 |
| Average | -99.37% |
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 SJR related companies
SJR News
May 25, 5:45PM Marketwire
May 17, 5:09PM Marketwire
about 42 days ago by eyeonequities
Apr 16, 5:37PM Benzinga
Apr 13, 4:00PM Seeking Alpha
Mar 23, 12:28PM Marketwire
about 140 days ago by DynamicDividend
about 144 days ago by howardlindzon
about 174 days ago by michaelbabad
about 238 days ago by eyeonequities
about 261 days ago by EquityClock
about 275 days ago by dazetrader
about 401 days ago by eyeonequities
about 414 days ago by darcykeith
about 505 days ago by maveric1k
about 505 days ago by DynamicDividend
about 538 days ago by EquityClock
about 538 days ago by EquityClock
about 540 days ago by cardinalrose
about 584 days ago by hnrykssngr
about 856 days ago by stockerblog
about 869 days ago by clandersen
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SJR | 18.91 | -0.09 | -0.47% | 7.936B |
| SB | 6.41 | +0.02 | +0.31% | 485.00M |
| SAVE | 20.51 | -0.12 | -0.58% | 1.396B |
| SATS | 28.00 | +0.18 | +0.65% | 2.411B |
| SATC | 0.3387 | -0.01 | -3.37% | 46.24M |
| SASR | 17.70 | +0.17 | +0.97% | 422.47M |
| SAPX | 0.057 | +0.00 | +2.15% | 2.005M |
| SAPE | 10.99 | +0.02 | +0.18% | 1.539B |
| SAP | 57.31 | +0.55 | +0.97% | 67.56B |
| SANW | 5.480 | -0.01 | -0.18% | 31.78M |