SM Energy Company (SM)
SM Energy Company Tangible Common Equity Ratio: 38.76%
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SM Tangible Common Equity Ratio Rankings
| Overall | 47th percentile | 2301 of 4388 |
| Sector | 64th percentile | 182 of 508 in Basic Materials |
| Industry | 62nd percentile | 35 of 93 in Independent Oil & Gas |
SM Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 18.24% | Jun 2008 |
| Maximum | 48.93% | Jun 2010 |
| Average | 40.24% |
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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SM News
about 11 hours ago by MarketBrief
May 24, 12:00PM PR Newswire
May 21, 2:29PM Benzinga
May 04, 10:02AM Street Insider
about 30 days ago by earningscast
May 02, 5:30PM Business Wire
about 50 days ago by MarketBrief
about 76 days ago by SteelerTrader
about 100 days ago by earningscast
about 102 days ago by dvk1970
about 102 days ago by SteelerTrader
about 105 days ago by MarketBrief
about 120 days ago by algokid
about 131 days ago by TradeIdeasQuant
about 131 days ago by OptionsCommander
about 144 days ago by JFDI
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SM | 50.47 | -3.62 | -6.69% | 3.469B |
| SLYV | 66.49 | -1.87 | -2.73% | |
| SLYG | 113.29 | -2.94 | -2.53% | |
| SLY | 65.94 | -1.87 | -2.76% | |
| SLXP | 51.43 | -0.38 | -0.73% | 3.079B |
| SLX | 40.95 | -1.00 | -2.38% | |
| SLW | 26.64 | +1.16 | +4.55% | 9.008B |
| VOXX | 9.56 | -0.30 | -3.04% | 205.19M |
| VOX | 62.61 | -1.55 | -2.42% | |
| VOOV | 55.76 | -1.81 | -3.14% |
