Sun Life Financial (SLF)
Sun Life Financial Tangible Common Equity Ratio: 3.94%
View SLF 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
SLF Tangible Common Equity Ratio Rankings
| Overall | 83rd percentile | 704 of 4390 |
| Sector | 90th percentile | 79 of 871 in Financial |
| Industry | 85th percentile | 4 of 27 in Life Insurance |
SLF Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 3.94% | Dec 2011 |
| Maximum | 9.99% | Jun 2008 |
| Average | 7.57% |
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 SLF related companies
SLF News
May 31, 7:41AM Benzinga
May 29, 10:30AM Business Wire
about 7 days ago by azendrian
about 13 days ago by DynamicDividend
about 16 days ago by tsxstocks
May 14, 9:47AM Business Wire
about 21 days ago by TradeIdeasQuant
May 10, 7:57AM Street Insider
about 25 days ago by ScottAdams_Edit
May 01, 10:00AM Business Wire
about 35 days ago by traderstewie
about 35 days ago by Bav111
about 36 days ago by traderstewie
about 38 days ago by traderstewie
about 43 days ago by traderstewie
about 49 days ago by RecogniaEvents
about 50 days ago by DividendYield
Apr 02, 2:26PM CNW Group
Mar 26, 11:07AM PR Newswire
about 93 days ago by modelpriceguy
about 100 days ago by tsxstocks
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SLF | 20.56 | +0.56 | +2.80% | 11.69B |
| SLE | 20.98 | -0.07 | -0.31% | 12.45B |
| SLB | 63.06 | -1.12 | -1.75% | 85.66B |
| SLAB | 34.19 | -0.38 | -1.10% | 1.475B |
| SLA | 10.37 | -0.02 | -0.19% | |
| SKYY | 17.91 | -0.30 | -1.65% | |
| SKYW | 7.00 | -0.06 | -0.85% | 359.50M |
| SKY | 4.56 | -0.28 | -5.79% | 40.61M |
| SKUL | 13.35 | +0.20 | +1.52% | |
| SKT | 31.15 | +0.08 | +0.26% | 2.848B |
