Synaptics (SYNA)
Synaptics Tangible Common Equity Ratio: 76.82%
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SYNA Tangible Common Equity Ratio Rankings
| Overall | 12th percentile | 3827 of 4390 |
| Sector | 23rd percentile | 626 of 815 in Technology |
| Industry | 26th percentile | 14 of 19 in Computer Peripherals |
SYNA Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 36.74% | Jun 2008 |
| Maximum | 76.82% | Mar 2012 |
| Average | 61.69% |
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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SYNA News
about 20 days ago by traderscovellc
about 22 days ago by ivanhoff
May 02, 7:50AM Street Insider
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Apr 26, 12:30PM Seeking Alpha
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Feb 29, 3:30AM PR Newswire
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about 96 days ago by daytradingzoo
Feb 24, 5:36PM PR Newswire
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Jan 30, 4:15PM PR Newswire
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Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SYNA | 26.82 | +0.03 | +0.11% | 882.46M |
| SSS | 49.35 | +0.53 | +1.09% | 1.414B |
| SSRX | 12.49 | -0.06 | -0.48% | 269.45M |
| SSRI | 11.00 | -0.22 | -1.96% | 906.02M |
| SSP | 8.99 | -0.11 | -1.21% | 494.68M |
| SSO | 50.89 | +0.04 | +0.08% | |
| SSNC | 23.58 | +0.33 | +1.42% | 1.811B |
| SSN | 1.88 | +0.14 | +8.05% | 153.00M |
| SSL | 42.48 | +0.39 | +0.93% | 25.22B |
| SSI | 17.19 | +0.52 | +3.12% | 511.10M |
