SRS Labs (SRSL)
SRS Labs Tangible Common Equity Ratio: 91.47%
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SRSL Tangible Common Equity Ratio Rankings
| Overall | 2nd percentile | 4280 of 4388 |
| Sector | 1st percentile | 801 of 815 in Technology |
| Industry | 4th percentile | 41 of 43 in Semiconductor Equipment & Materials |
SRSL Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 91.47% | Mar 2012 |
| Maximum | 97.02% | Jun 2007 |
| Average | 94.08% |
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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SRSL News
May 07, 8:00AM Business Wire
Apr 28, 11:00AM Business Wire
Apr 26, 8:00AM Business Wire
Apr 23, 4:10PM PR Newswire
Apr 19, 12:10PM Business Wire
Apr 19, 7:00AM PR Newswire
Apr 18, 12:11PM PR Newswire
Apr 17, 6:05PM Business Wire
Apr 17, 3:48PM Street Insider
about 46 days ago by Street_Insider
Apr 17, 7:31AM Street Insider
Apr 12, 8:00AM Business Wire
Mar 30, 8:00AM Business Wire
about 178 days ago by Benzinga
about 193 days ago by MarketBrief
about 465 days ago by Benzinga
about 598 days ago by chrisjversace
about 598 days ago by Think2020
about 598 days ago by chrisjversace
about 781 days ago by Urbane_Gorilla
about 806 days ago by chrisjversace
about 806 days ago by PortfolioTilt
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SRSL | 8.96 | -0.09 | -0.99% | 129.60M |
| SRS | 31.49 | +1.57 | +5.25% | |
| SMMF | 5.28 | +0.00 | +0.00% | 39.23M |
| SMIT | 3.32 | -0.33 | -9.04% | 10.69M |
| SMI | 1.51 | -0.11 | -6.79% | 891.26M |
| SMH | 29.91 | -1.16 | -3.73% | |
| SMG | 42.33 | -0.84 | -1.95% | 2.626B |
| SMFG | 5.72 | -0.18 | -3.05% | 16.69B |
| SMCI | 14.82 | -1.12 | -7.03% | 648.44M |
| SMBL | 6.07 | +0.14 | +2.36% | 349.51M |
