Startek (SRT)
Startek Tangible Common Equity Ratio: 71.82%
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SRT Tangible Common Equity Ratio Rankings
| Overall | 16th percentile | 3649 of 4388 |
| Sector | 10th percentile | 765 of 856 in Services |
| Industry | 11th percentile | 23 of 26 in Staffing & Outsourcing Services |
SRT Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 71.78% | Sep 2008 |
| Maximum | 79.07% | Jun 2010 |
| Average | 75.41% |
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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SRT News
May 10, 9:50AM Street Insider
Apr 26, 10:30AM Business Wire
Apr 19, 6:53PM Business Wire
about 66 days ago by MarketBrief
Feb 29, 6:52AM Benzinga
Feb 28, 6:49PM Business Wire
Feb 01, 5:52PM Business Wire
Oct 27, 8:17AM Street Insider
about 660 days ago by Stoplosssue
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SRT | 3.06 | -0.11 | -3.47% | 48.41M |
| 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 |
