Skyworks Solutions (SWKS)
Skyworks Solutions Tangible Common Equity Ratio: 73.74%
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SWKS Tangible Common Equity Ratio Rankings
| Overall | 15th percentile | 3724 of 4388 |
| Sector | 26th percentile | 599 of 815 in Technology |
| Industry | 45th percentile | 26 of 48 in Semiconductor - Integrated Circuits |
SWKS Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 37.88% | Jun 2007 |
| Maximum | 82.84% | Mar 2011 |
| Average | 66.01% |
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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SWKS News
May 31, 1:51PM Street Insider
about 2 days ago by MarketBrief
May 30, 8:00AM Business Wire
about 3 days ago by ACInvestorBlog
about 4 days ago by ACInvestorBlog
May 25, 8:20AM Marketwire
about 10 days ago by lovebob
about 15 days ago by ACInvestorBlog
about 16 days ago by BoogiDown
about 17 days ago by MarketBrief
about 29 days ago by chessNwine
about 30 days ago by reformedbroker
about 30 days ago by chessNwine
about 35 days ago by TradeIdeasQuant
Apr 26, 10:40PM Seeking Alpha
about 36 days ago by earningscast
about 39 days ago by jdells06
Apr 09, 8:00AM Business Wire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SWKS | 26.17 | -0.69 | -2.57% | 5.061B |
| SWK | 64.54 | -1.71 | -2.58% | 11.29B |
| SWIR | 8.85 | -0.13 | -1.45% | 278.11M |
| SWI | 44.20 | -1.66 | -3.62% | 3.322B |
| SWHC | 6.53 | -0.21 | -3.12% | 437.22M |
| SWC | 8.47 | -0.02 | -0.24% | 981.78M |
| SVXY | 67.02 | -4.18 | -5.87% | |
| SVU | 4.46 | -0.06 | -1.33% | 959.46M |
| SVT | 8.00 | -0.37 | -4.37% | 17.92M |
| SVNT | 0.7098 | -0.01 | -2.00% | 51.98M |
