Synchronoss Technologies (SNCR)
Synchronoss Technologies Tangible Common Equity Ratio: 82.11%
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SNCR Tangible Common Equity Ratio Rankings
| Overall | 8th percentile | 3995 of 4388 |
| Sector | 14th percentile | 694 of 815 in Technology |
| Industry | 4th percentile | 79 of 83 in Application Software |
SNCR Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 70.96% | Sep 2010 |
| Maximum | 93.89% | Jun 2008 |
| Average | 85.00% |
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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SNCR News
Jun 01, 7:00AM Street Insider
May 31, 8:11AM Benzinga
about 18 days ago by MarketBrief
May 08, 9:32AM Benzinga
about 25 days ago by abubnic
about 25 days ago by abubnic
about 25 days ago by abubnic
about 25 days ago by earningscast
Apr 24, 8:31AM Business Wire
Apr 16, 4:05PM Business Wire
Apr 12, 8:33AM Benzinga
about 51 days ago by MarketBrief
about 52 days ago by MarketBrief
about 53 days ago by MarketBrief
about 54 days ago by MarketBrief
about 56 days ago by MarketBrief
about 57 days ago by MarketBrief
about 59 days ago by MarketBrief
about 85 days ago by RecogniaEvents
Mar 05, 4:43PM Street Insider
Feb 29, 4:05PM Business Wire
Feb 27, 2:01AM Business Wire
about 105 days ago by MarketBrief
Feb 09, 4:05PM Business Wire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SNCR | 17.34 | -0.57 | -3.18% | 689.89M |
| SLW | 26.63 | +1.15 | +4.51% | 9.008B |
| SLVY | 48.03 | -0.58 | -1.19% | |
| SLV | 27.68 | +0.72 | +2.67% | |
| SLTM | 2.51 | -0.10 | -3.83% | 160.59M |
| SLTC | 4.14 | +0.00 | +0.00% | 11.34M |
| SLT | 6.55 | -0.12 | -1.80% | 22.42B |
| SLRC | 21.48 | -0.29 | -1.33% | 797.00M |
| SLP | 3.94 | -0.02 | -0.51% | 61.82M |
| SLM | 13.68 | -0.29 | -2.08% | 7.115B |