Spirit AeroSystems (SPR)
Spirit AeroSystems Tangible Common Equity Ratio: 39.00%
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SPR Tangible Common Equity Ratio Rankings
| Overall | 47th percentile | 2316 of 4390 |
| Sector | 46th percentile | 170 of 317 in Industrial Goods |
| Industry | 43rd percentile | 22 of 39 in Aerospace & Defense Products & Services |
SPR Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 33.84% | Jun 2009 |
| Maximum | 39.17% | Sep 2011 |
| Average | 36.68% |
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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SPR News
May 22, 10:55AM Street Insider
about 14 days ago by RecogniaEvents
about 24 days ago by Global_Trader
May 04, 10:55AM Benzinga
May 03, 3:20PM Seeking Alpha
about 28 days ago by earningscast
about 28 days ago by fallondpicks
about 36 days ago by RecogniaEvents
Apr 16, 7:30AM Benzinga
Apr 16, 7:30AM PR Newswire
about 50 days ago by BollingerBandit
about 65 days ago by MarketBrief
about 76 days ago by StockTiger
about 77 days ago by StockTiger
about 77 days ago by StockTiger
about 81 days ago by hertcapital
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SPR | 23.13 | -0.01 | -0.04% | 3.306B |
| SPPR | 1.01 | +0.00 | +0.01% | 23.23M |
| SPPI | 11.57 | -0.22 | -1.87% | 698.79M |
| SPP | 3.16 | -0.13 | -3.95% | 1.646B |
| SPNS | 3.90 | -0.08 | -2.01% | 154.75M |
| SPN | 21.64 | +0.01 | +0.05% | 3.409B |
| SPMD | 2.62 | +0.02 | +0.77% | 40.22M |
| SPLS | 13.22 | -0.15 | -1.16% | 9.251B |
| SPIR | 0.7502 | -0.04 | -5.04% | 6.762M |
| SPIL | 5.285 | +0.01 | +0.28% | 3.264B |
