Synopsys (SNPS)
Synopsys Tangible Common Equity Ratio: 16.88%
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SNPS Tangible Common Equity Ratio Rankings
| Overall | 68th percentile | 1400 of 4390 |
| Sector | 78th percentile | 175 of 815 in Technology |
| Industry | 95th percentile | 2 of 43 in Semiconductor Equipment & Materials |
SNPS Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 16.88% | Apr 2012 |
| Maximum | 50.21% | Jan 2010 |
| Average | 36.84% |
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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SNPS News
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about 63 days ago by MomentumPartnersLLC
Mar 28, 9:00AM PR Newswire
Mar 22, 9:00AM PR Newswire
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about 93 days ago by earningscast
about 99 days ago by Benzinga
about 104 days ago by MarketBrief
about 108 days ago by chartsmarter
about 109 days ago by chartsmart
about 115 days ago by suriNotes
about 116 days ago by hertcapital
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SNPS | 29.22 | -0.33 | -1.12% | 4.308B |
| SNP | 88.88 | -1.07 | -1.19% | 85.29B |
| SNN | 46.19 | -0.49 | -1.05% | 8.343B |
| SNMX | 2.27 | -0.04 | -1.73% | 91.87M |
| SNCR | 17.51 | +0.30 | +1.74% | 662.93M |
| SNAK | 6.31 | -0.06 | -0.94% | 115.74M |
| SNA | 59.66 | -0.59 | -0.98% | 3.510B |
| SN | 23.75 | -0.53 | -2.18% | 839.36M |
| SMTX | 3.18 | -0.08 | -2.45% | 51.21M |
| SMTC | 23.57 | -0.41 | -1.71% | 1.569B |
