San Juan Basin Royalty Trust (SJT)
San Juan Basin Royalty Trust Tangible Common Equity Ratio: 75.46%
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SJT Tangible Common Equity Ratio Rankings
| Overall | 13th percentile | 3784 of 4390 |
| Sector | 18th percentile | 411 of 507 in Basic Materials |
| Industry | 17th percentile | 77 of 93 in Independent Oil & Gas |
SJT Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 46.59% | Sep 2008 |
| Maximum | 97.61% | Jun 2009 |
| Average | 72.06% |
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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SJT News
about 18 hours ago by tonyw205
about 20 hours ago by doomdog144
about 20 hours ago by doomdog144
about 21 days ago by StockTiger
about 22 days ago by StockTiger
about 27 days ago by doomdog144
about 30 days ago by doomdog144
about 30 days ago by doomdog144
Apr 25, 4:32PM Fox Business
about 70 days ago by exkapie
about 73 days ago by exkapie
about 86 days ago by markbroer
about 115 days ago by Xiphos_Trading
about 127 days ago by doomdog144
about 129 days ago by CoachDave316
Jan 20, 9:01AM Street Insider
Nov 18, 9:06AM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SJT | 13.60 | -1.18 | -7.98% | 688.90M |
| SJR | 18.92 | -0.08 | -0.42% | 7.936B |
| SB | 6.41 | +0.02 | +0.31% | 485.00M |
| SAVE | 20.52 | -0.11 | -0.53% | 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 | 11.03 | +0.06 | +0.55% | 1.539B |
| SAP | 57.29 | +0.53 | +0.93% | 67.56B |