Standard Microsystems Corporation (SMSC)
Standard Microsystems Corporation Tangible Common Equity Ratio: 67.58%
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SMSC Tangible Common Equity Ratio Rankings
| Overall | 20th percentile | 3488 of 4390 |
| Sector | 34th percentile | 536 of 815 in Technology |
| Industry | 53rd percentile | 22 of 47 in Semiconductor - Integrated Circuits |
SMSC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 62.80% | May 2011 |
| Maximum | 77.41% | Feb 2009 |
| Average | 70.98% |
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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SMSC News
May 22, 4:44PM Business Wire
May 11, 8:19AM theflyonthewall.com
May 08, 7:05PM Business Wire
about 28 days ago by STtech
May 03, 10:41AM Business Wire
about 28 days ago by bradloncar
May 02, 4:36PM The Wall Street Journal
May 02, 1:24PM Street Insider
May 02, 10:15AM Street Insider
about 29 days ago by TMXmoney
May 02, 9:08AM Street Insider
about 29 days ago by freefdawatchlistcom
May 02, 7:04AM Benzinga
May 02, 7:02AM Street Insider
about 49 days ago by TradeBot
about 49 days ago by RecogniaEvents
about 50 days ago by TradeBot
Apr 11, 9:31AM Wall St. Cheat Sheet
Apr 11, 9:30AM Business Wire
Apr 11, 8:13AM Street Insider
about 51 days ago by abubnic
about 51 days ago by abubnic
about 51 days ago by earningscast
Apr 10, 4:01PM Business Wire
about 143 days ago by earningscast
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SMSC | 36.61 | -0.01 | -0.03% | 814.06M |
| SMS | 10.56 | -0.13 | -1.22% | 2.201B |
| SMRT | 6.95 | +0.02 | +0.29% | 300.07M |
| SMP | 13.35 | +0.20 | +1.52% | 300.21M |
| SMMF | 5.27 | +0.12 | +2.33% | 39.16M |
| SFL | 15.10 | -0.16 | -1.05% | 1.208B |
| SFI | 5.66 | -0.01 | -0.18% | 475.32M |
| SFE | 15.12 | +0.05 | +0.33% | 312.70M |
| SFD | 19.79 | -0.02 | -0.10% | 3.189B |
| SF | 31.38 | -0.15 | -0.48% | 1.694B |