Semtech Corporation (SMTC)
Semtech Corporation Tangible Common Equity Ratio: 1.11%
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SMTC Tangible Common Equity Ratio Rankings
| Overall | 85th percentile | 637 of 4390 |
| Sector | 83rd percentile | 131 of 815 in Technology |
| Industry | 89th percentile | 5 of 47 in Semiconductor - Integrated Circuits |
SMTC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 1.11% | Apr 2012 |
| Maximum | 89.37% | Apr 2009 |
| Average | 76.41% |
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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SMTC News
May 25, 3:17PM Wall St. Cheat Sheet
about 7 days ago by earningscast
May 16, 8:00AM Business Wire
about 20 days ago by MarketBrief
Mar 20, 8:23PM Business Wire
Mar 20, 6:00PM Street Insider
about 84 days ago by TradeBot
about 85 days ago by earningscast
about 85 days ago by Benzinga
Mar 07, 4:13PM Street Insider
about 121 days ago by chartsmart
about 121 days ago by LouisianaTrader
about 121 days ago by tradewithpete
about 128 days ago by michaelbabad
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SMTC | 23.71 | -0.27 | -1.13% | 1.569B |
| SMT | 1.30 | -0.01 | -0.76% | 54.99M |
| SMSI | 1.585 | -0.01 | -0.31% | 56.59M |
| SMSC | 36.61 | -0.01 | -0.03% | 814.06M |
| SMS | 10.56 | -0.13 | -1.22% | 2.201B |
| SMRT | 6.94 | +0.01 | +0.14% | 300.07M |
| SMP | 13.34 | +0.19 | +1.44% | 300.21M |
| SMMF | 5.27 | +0.12 | +2.33% | 39.16M |
| SFL | 15.10 | -0.16 | -1.05% | 1.208B |
| SFI | 5.655 | -0.01 | -0.26% | 475.32M |
