Sensient Technologies Corporation (SXT)
Sensient Technologies Corporation Tangible Common Equity Ratio: 49.63%
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SXT Tangible Common Equity Ratio Rankings
| Overall | 36th percentile | 2768 of 4388 |
| Sector | 47th percentile | 266 of 508 in Basic Materials |
| Industry | 28th percentile | 38 of 53 in Specialty Chemicals |
SXT Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 27.87% | Jun 2007 |
| Maximum | 49.73% | Jun 2011 |
| Average | 39.44% |
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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SXT News
about 11 hours ago by TradeIdeasQuant
about 36 days ago by DynamicDividend
Apr 26, 10:28AM Street Insider
Apr 26, 10:27AM Benzinga
about 42 days ago by RecogniaEvents
about 42 days ago by RecogniaEvents
about 42 days ago by TradeBot
about 43 days ago by Benzinga
Apr 20, 8:00AM Street Insider
Apr 20, 7:59AM Business Wire
about 78 days ago by MarketBrief
about 115 days ago by StewartGlickmanSPCIQ
Feb 07, 7:59AM Street Insider
Feb 07, 7:58AM Business Wire
Jan 20, 3:31PM Street Insider
about 172 days ago by MarketBrief
about 219 days ago by 1nvestor
about 221 days ago by 1nvestor
about 224 days ago by 1nvestor
about 327 days ago by 1nvestor
about 445 days ago by DynamicDividend
about 479 days ago by chartly
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SXT | 35.69 | -0.83 | -2.27% | 1.829B |
| SXL | 33.29 | -0.39 | -1.16% | 3.355B |
| SXCI | 88.54 | -1.17 | -1.30% | 5.596B |
| SWZ | 9.84 | -0.10 | -1.01% | |
| SWY | 18.49 | -0.53 | -2.79% | 5.097B |
| SWX | 41.85 | -0.13 | -0.31% | 1.935B |
| SUI | 39.91 | -1.30 | -3.15% | 1.091B |
| SUBK | 11.36 | -0.47 | -3.97% | 115.11M |
| SUB | 106.82 | +0.07 | +0.07% | |
| SU | 26.41 | -0.58 | -2.15% | 42.15B |
