3SBio (SSRX)
3SBio Tangible Common Equity Ratio: 94.94%
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SSRX Tangible Common Equity Ratio Rankings
| Overall | 1st percentile | 4338 of 4390 |
| Sector | 1st percentile | 496 of 506 in Healthcare |
| Industry | 2nd percentile | 156 of 160 in Biotechnology |
SSRX Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 93.32% | Jun 2007 |
| Maximum | 96.96% | Dec 2007 |
| Average | 95.69% |
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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SSRX News
May 14, 12:33PM Fox Business
Mar 12, 10:59AM Street Insider
Feb 07, 3:52AM PR Newswire
about 392 days ago by AHorihuela
about 439 days ago by fallondpicks
about 570 days ago by AHorihuela
about 574 days ago by stockchartreads
about 575 days ago by AHorihuela
about 585 days ago by gareth_green
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SSRX | 12.49 | -0.06 | -0.48% | 269.45M |
| SSRI | 11.00 | -0.22 | -1.96% | 906.02M |
| SSP | 8.99 | -0.11 | -1.21% | 494.68M |
| SSO | 50.89 | +0.04 | +0.08% | |
| SSNC | 23.58 | +0.33 | +1.42% | 1.811B |
| SSN | 1.88 | +0.14 | +8.05% | 153.00M |
| SSL | 42.48 | +0.39 | +0.93% | 25.22B |
| SSI | 17.19 | +0.52 | +3.12% | 511.10M |
| SSG | 42.94 | +0.74 | +1.75% | |
| SSFN | 5.18 | +0.17 | +3.39% | 29.46M |
