Smith & Wesson Holding Corporation (SWHC)
Smith & Wesson Holding Corporation Tangible Common Equity Ratio: 40.45%
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SWHC Tangible Common Equity Ratio Rankings
| Overall | 45th percentile | 2379 of 4388 |
| Sector | 43rd percentile | 178 of 317 in Industrial Goods |
| Industry | 35th percentile | 25 of 39 in Aerospace & Defense Products & Services |
SWHC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -25.41% | Jul 2007 |
| Maximum | 40.45% | Jan 2012 |
| Average | 16.15% |
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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SWHC News
May 31, 3:19PM Street Insider
about 20 hours ago by markajor
about 20 hours ago by abubnic
about 21 hours ago by markajor
about 21 hours ago by johnkelly
about 21 hours ago by abubnic
about 2 days ago by TradersEdge
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about 8 days ago by cameltrader50
about 8 days ago by cameltrader50
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about 9 days ago by chartly
about 9 days ago by TradersEdge
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about 10 days ago by silver1004
about 10 days ago by TradersEdge
about 10 days ago by silver1004
about 11 days ago by cameltrader50
about 11 days ago by cameltrader50
about 11 days ago by cameltrader50
about 11 days ago by TradeIdeasQuant
about 11 days ago by LukeKramer
May 21, 8:51AM Street Insider
May 21, 8:05AM Benzinga
May 10, 7:58AM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SWHC | 6.53 | -0.21 | -3.12% | 437.22M |
| SWC | 8.36 | -0.13 | -1.53% | 981.78M |
| SVXY | 66.87 | -4.33 | -6.08% | |
| SVU | 4.47 | -0.05 | -1.11% | 959.46M |
| SVT | 8.00 | -0.37 | -4.37% | 17.92M |
| SVNT | 0.7069 | -0.02 | -2.40% | 51.98M |
| SVN | 9.68 | -0.04 | -0.41% | 482.84M |
| SVM | 6.19 | +0.13 | +2.15% | 1.034B |
| SVBI | 3.21 | +1.02 | +46.58% | 32.32M |
| SVA | 1.80 | -0.05 | -2.70% | 101.08M |