Saks (SKS)
Saks Tangible Common Equity Ratio: 56.52%
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SKS Tangible Common Equity Ratio Rankings
| Overall | 30th percentile | 3066 of 4390 |
| Sector | 24th percentile | 648 of 855 in Services |
| Industry | 9th percentile | 9 of 10 in Department Stores |
SKS Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 45.39% | Apr 2009 |
| Maximum | 56.70% | Jan 2012 |
| Average | 50.47% |
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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SKS News
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May 16, 1:30PM Street Insider
May 16, 11:57AM Street Insider
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about 16 days ago by retail_guru
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about 17 days ago by chicagosean
about 17 days ago by harmongreg
about 17 days ago by harmongreg
about 19 days ago by BlackBetty
about 30 days ago by TradeBot
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SKS | 9.99 | +0.02 | +0.20% | 1.585B |
| SKOR | 21.59 | -0.42 | -1.91% | |
| SKM | 11.31 | -0.19 | -1.65% | 7.221B |
| SKK | 31.78 | +0.62 | +2.00% | |
| SKH | 5.56 | -0.05 | -0.89% | 213.18M |
| SKF | 48.67 | -0.20 | -0.41% | |
| SKBI | 2.32 | -0.07 | -2.93% | 16.61M |
| SJW | 23.07 | +0.05 | +0.22% | 428.63M |
| SJT | 13.79 | -0.99 | -6.70% | 688.90M |
| SJR | 18.92 | -0.08 | -0.42% | 7.936B |