Sony Corporation (SNE)
Sony Corporation Tangible Common Equity Ratio: 15.36%
View SNE 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
SNE Tangible Common Equity Ratio Rankings
| Overall | 69th percentile | 1337 of 4388 |
| Sector | 68th percentile | 119 of 379 in Consumer Goods |
| Industry | 66th percentile | 4 of 12 in Electronic Equipment |
SNE Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 15.36% | Dec 2011 |
| Maximum | 26.99% | Dec 2007 |
| Average | 21.55% |
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 SNE related companies
SNE News
May 31, 4:13PM Wall St. Cheat Sheet
about a day ago by moneytalks
about a day ago by totalguru
May 31, 11:17AM Street Insider
about 2 days ago by divtastic
about 2 days ago by divtastic
about 2 days ago by bradloncar
about 3 days ago by raoul_duke
May 30, 11:15AM Street Insider
about 3 days ago by abubnic
about 4 days ago by ycharts
about 4 days ago by bradloncar
about 5 days ago by laughing_stock
about 7 days ago by abubnic
about 7 days ago by justfurkids
about 7 days ago by STNet
about 7 days ago by StockTwits
about 7 days ago by abnormalreturns
about 8 days ago by Adamantium
May 24, 4:16PM Street Insider
about 9 days ago by Tradethechartdotnet
about 9 days ago by shark_filet
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SNE | 12.65 | -0.59 | -4.46% | 13.29B |
| SNDK | 31.22 | -1.48 | -4.53% | 7.926B |
| SNDA | 41.28 | +0.00 | +0.00% | |
| 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 |