Southwestern Energy (SWN)
Southwestern Energy Tangible Common Equity Ratio: 48.54%
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SWN Tangible Common Equity Ratio Rankings
| Overall | 37th percentile | 2732 of 4390 |
| Sector | 48th percentile | 259 of 507 in Basic Materials |
| Industry | 43rd percentile | 53 of 93 in Independent Oil & Gas |
SWN Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 35.36% | Jun 2008 |
| Maximum | 52.90% | Dec 2008 |
| Average | 48.41% |
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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SWN News
about 9 days ago by stocktherapy
May 21, 8:53AM Benzinga
about 15 days ago by investorsmosaic
about 16 days ago by RecogniaEvents
about 21 days ago by indiantraveler
about 22 days ago by indiantraveler
about 22 days ago by PTSD_Trader
May 08, 8:52AM Street Insider
May 04, 4:30PM Seeking Alpha
May 04, 3:15PM Street Insider
about 27 days ago by lamonicabuzz
May 03, 4:30PM PR Newswire
about 28 days ago by indiantraveler
about 32 days ago by investorsmosaic
about 36 days ago by investorsmosaic
about 36 days ago by jdeanie
about 38 days ago by azendrian
about 41 days ago by hedgehogger
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SWN | 28.23 | +0.09 | +0.32% | 9.822B |
| SWM | 66.82 | +0.17 | +0.26% | 1.062B |
| SRLS | 4.01 | +0.00 | +0.00% | 80.64M |
| SRI | 7.06 | +0.11 | +1.58% | 195.50M |
| SREV | 11.99 | -0.05 | -0.42% | 891.92M |
| SRE | 65.32 | +0.77 | +1.19% | 15.54B |
| SRDX | 13.92 | -0.03 | -0.22% | 244.68M |
| SRCE | 21.30 | +0.08 | +0.38% | 536.44M |
| SR | 0.675 | -0.00 | -0.72% | 20.36M |
| SQQQ | 53.10 | +0.04 | +0.08% |