SonoSite (SONO)
SonoSite Tangible Common Equity Ratio: 33.57%
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SONO Tangible Common Equity Ratio Rankings
| Overall | 53rd percentile | 2053 of 4388 |
| Sector | 64th percentile | 182 of 506 in Healthcare |
| Industry | 66th percentile | 22 of 65 in Medical Instruments & Supplies |
SONO Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 21.73% | Sep 2010 |
| Maximum | 86.45% | Jun 2007 |
| Average | 44.04% |
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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SONO News
Jan 17, 7:49AM Benzinga
Dec 27, 7:21AM Street Insider
Dec 27, 7:20AM Benzinga
Dec 19, 5:03PM Business Wire
Dec 16, 7:16PM Business Wire
about 169 days ago by fallondpicks
about 169 days ago by juliat333
about 211 days ago by casajohn
about 211 days ago by Street_Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SONO | 54.01 | +0.00 | +0.00% | 756.14M |
| SNMX | 2.07 | -0.26 | -11.16% | 92.66M |
| SNI | 53.43 | -1.34 | -2.45% | 6.692B |
| SNHY | 22.38 | -0.95 | -4.07% | 601.21M |
| SNH | 20.20 | -0.45 | -2.18% | 3.359B |
| SNFCA | 2.06 | -0.26 | -11.21% | 45.87M |
| 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 |
