Synthesis Energy Systems (SYMX)
Synthesis Energy Systems Tangible Common Equity Ratio: 86.93%
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SYMX Tangible Common Equity Ratio Rankings
| Overall | 5th percentile | 4153 of 4388 |
| Sector | 10th percentile | 455 of 508 in Basic Materials |
| Industry | 3rd percentile | 51 of 53 in Specialty Chemicals |
SYMX Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 42.72% | Sep 2007 |
| Maximum | 88.44% | Mar 2011 |
| Average | 80.77% |
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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SYMX News
about 3 days ago by MarketBrief
about 17 days ago by RecogniaEvents
May 10, 3:03PM Seeking Alpha
May 10, 7:30AM PR Newswire
Apr 30, 8:30AM PR Newswire
about 42 days ago by Urbane_Gorilla
Apr 11, 9:37AM PR Newswire
Apr 03, 8:06AM Benzinga
Apr 03, 8:01AM PR Newswire
Feb 10, 11:43AM Seeking Alpha
Feb 10, 7:00AM PR Newswire
Feb 09, 11:20AM Benzinga
about 115 days ago by HighGrowthFinancial
about 115 days ago by highgrowthfinancial
Jan 31, 8:30AM PR Newswire
Dec 30, 10:03AM Street Insider
Dec 07, 8:30AM PR Newswire
about 320 days ago by StockTiger
about 320 days ago by Stock_Monster
about 320 days ago by VexTrades
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SYMX | 1.01 | -0.04 | -3.81% | 53.40M |
| SYMM | 5.40 | -0.05 | -0.92% | 229.28M |
| SYMC | 14.38 | -0.46 | -3.10% | 10.82B |
| SUSS | 29.75 | +0.50 | +1.71% | 612.79M |
| SURW | 21.25 | -0.07 | -0.33% | 305.52M |
| SUPX | 18.09 | -0.50 | -2.69% | 224.20M |
| SUP | 16.10 | -0.69 | -4.11% | 456.52M |
| SUNH | 4.40 | -0.45 | -9.28% | 122.07M |
| SUN | 45.98 | -0.47 | -1.01% | 4.965B |
| SUMR | 3.06 | +0.02 | +0.66% | 53.99M |
