Tanger Factory Outlet Centers (SKT)
Tanger Factory Outlet Centers Tangible Common Equity Ratio: 31.86%
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SKT Tangible Common Equity Ratio Rankings
| Overall | 54th percentile | 1986 of 4390 |
| Sector | 27th percentile | 632 of 871 in Financial |
| Industry | 57th percentile | 15 of 35 in REIT - Retail |
SKT Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 14.70% | Sep 2008 |
| Maximum | 38.25% | Sep 2009 |
| Average | 27.09% |
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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SKT News
about 17 days ago by BrantleyFoster
about 23 days ago by azendrian
about 31 days ago by azendrian
about 36 days ago by azendrian
about 42 days ago by DynamicDividend
about 56 days ago by DynamicDividend
Apr 05, 8:35AM Street Insider
about 58 days ago by MarketBrief
about 63 days ago by FoolishMikee
Mar 29, 8:30AM GlobeNewswire
about 107 days ago by Benzinga
about 133 days ago by DynamicDividend
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SKT | 31.11 | +0.04 | +0.13% | 2.848B |
| SKS | 10.00 | +0.03 | +0.30% | 1.585B |
| SKOR | 21.59 | -0.42 | -1.91% | |
| SKM | 11.30 | -0.20 | -1.74% | 7.221B |
| SKK | 31.78 | +0.62 | +2.00% | |
| SKH | 5.56 | -0.05 | -0.89% | 213.18M |
| SKF | 48.69 | -0.18 | -0.37% | |
| SKBI | 2.32 | -0.07 | -2.93% | 16.61M |
| SJW | 23.07 | +0.05 | +0.22% | 428.63M |
| SJT | 13.76 | -1.02 | -6.90% | 688.90M |
