STEC (STEC)
STEC Tangible Common Equity Ratio: 90.91%
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STEC Tangible Common Equity Ratio Rankings
| Overall | 2nd percentile | 4270 of 4388 |
| Sector | 2nd percentile | 795 of 815 in Technology |
| Industry | 0th percentile | 18 of 18 in Data Storage Devices |
STEC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 78.79% | Jun 2008 |
| Maximum | 92.02% | Dec 2011 |
| Average | 88.05% |
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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STEC News
May 21, 6:00PM GlobeNewswire
about 15 days ago by sftola
May 15, 9:30PM GlobeNewswire
May 09, 5:54PM GlobeNewswire
May 09, 10:31AM Fox Business
about 23 days ago by TradeBot
May 09, 8:31AM Street Insider
about 24 days ago by earningscast
about 30 days ago by Techinsidr
about 31 days ago by jimmieB
about 35 days ago by TheKingsWisdom
Apr 23, 5:45PM GlobeNewswire
about 42 days ago by js_thorne
about 44 days ago by RecogniaEvents
about 51 days ago by RecogniaEvents
about 51 days ago by RecogniaEvents
about 57 days ago by abubnic
Apr 04, 4:11PM Barrons.com
Mar 27, 4:15PM GlobeNewswire
Mar 27, 9:25AM GlobeNewswire
about 67 days ago by TheEquitiesRoom
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| STEC | 6.96 | -0.10 | -1.42% | 325.75M |
| STE | 29.24 | -0.62 | -2.08% | 1.721B |
| STD | 5.32 | +0.00 | +0.00% | 47.40B |
| ZZ | 1.68 | +0.05 | +3.07% | 169.55M |
| ZX | 3.05 | -0.02 | -0.65% | 157.41M |
| ZUMZ | 35.99 | -0.80 | -2.17% | 1.151B |
| ZTR | 3.03 | +0.00 | +0.00% | |
| ZSTN | 2.21 | +0.00 | +0.00% | 25.64M |
| ZSL | 65.62 | -3.34 | -4.84% | |
| ZQK | 2.70 | -0.05 | -1.82% | 454.38M |
