American Water Works (AWK)

42.67 +0.17  +0.40%  May 17, 8:00PM

American Water Works Tangible Common Equity Ratio

View Full Chart

American Water Works Historical Tangible Common Equity Ratio Data

Pro Data Export
Dates:  to
Viewing 1 of 3   First  Previous   Next  Last

There is no data for the selected date range.

Data for this Date Range
March 31, 2013 Go Pro
Dec. 31, 2012 Go Pro
Sept. 30, 2012 Go Pro
June 30, 2012 Go Pro
March 31, 2012 Go Pro
Dec. 31, 2011 Go Pro
Sept. 30, 2011 Go Pro
June 30, 2011 Go Pro
March 31, 2011 Go Pro
Dec. 31, 2010 Go Pro
Sept. 30, 2010 Go Pro
June 30, 2010 Go Pro
March 31, 2010 Go Pro
Dec. 31, 2009 Go Pro
Sept. 30, 2009 Go Pro
June 30, 2009 Go Pro
March 31, 2009 Go Pro
Dec. 31, 2008 Go Pro
Sept. 30, 2008 Go Pro
June 30, 2008 Go Pro
March 31, 2008 Go Pro
Dec. 31, 2007 Go Pro
Sept. 30, 2007 Go Pro
June 30, 2007 Go Pro
March 31, 2007 Go Pro

Dec. 31, 2006 Go Pro
Sept. 30, 2006 Go Pro
June 30, 2006 Go Pro
March 31, 2006 Go Pro
Sept. 30, 2002 Go Pro
June 30, 2002 Go Pro
March 31, 2002 Go Pro
Dec. 31, 2001 Go Pro
Sept. 30, 2001 Go Pro
June 30, 2001 Go Pro
March 31, 2001 Go Pro
Dec. 31, 2000 Go Pro
Sept. 30, 2000 Go Pro
June 30, 2000 Go Pro
March 31, 2000 Go Pro
Dec. 31, 1999 Go Pro
Sept. 30, 1999 Go Pro
June 30, 1999 Go Pro
March 31, 1999 Go Pro
Dec. 31, 1998 Go Pro
Sept. 30, 1998 Go Pro
June 30, 1998 Go Pro
March 31, 1998 Go Pro
Dec. 31, 1997 Go Pro
Sept. 30, 1997 Go Pro

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.

View Tangible Common Equity Ratio for AWK. Start Your YCharts Pro Gold Membership.

Access over 100 stock metrics like Beta, EV/EBITDA, PE10, Free Cash Flow Yield, KZ Index and Cash Conversion Cycle.

YCharts Pro is only \$49/month, and comes with a 14-day free trial.

Get Started Now

Get data for

AWK Tangible Common Equity Ratio Benchmarks

Companies
American States Water Go Pro
Aqua America Go Pro
Middlesex Water Company Go Pro

AWK Tangible Common Equity Ratio Rankings

 Overall 70th percentile 2383 of 8007 Sector 65th percentile 44 of 129 in Utilities Industry 69th percentile 4 of 13 in Utilities - Regulated Water

AWK Tangible Common Equity Ratio Range, Past 5 Years

 Minimum Go Pro Mar 2009 Maximum Go Pro Mar 2013 Average Go Pro