Gatx Corporation (GMT)
Gatx Corporation Tangible Common Equity Ratio: 19.00%
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GMT Tangible Common Equity Ratio Rankings
| Overall | 66th percentile | 1460 of 4385 |
| Sector | 64th percentile | 299 of 853 in Services |
| Industry | 52nd percentile | 12 of 25 in Rental & Leasing Services |
GMT Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 17.98% | Dec 2011 |
| Maximum | 24.08% | Jun 2008 |
| Average | 20.44% |
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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GMT News
May 22, 10:35AM Business Wire
May 19, 2:26PM Seeking Alpha
May 10, 11:30AM Business Wire
about 34 days ago by earningscast
about 42 days ago by RecogniaEvents
Apr 13, 10:41AM Business Wire
about 75 days ago by MarketBrief
about 130 days ago by dalegster
about 131 days ago by 1nvestor
Jan 19, 2:22PM Seeking Alpha
about 132 days ago by earningscast
about 132 days ago by TheEquitiesRoom
about 132 days ago by Benzinga
about 138 days ago by hertcapital
Jan 05, 1:54PM Business Wire
about 175 days ago by ToddinFL
about 244 days ago by ycharts
about 421 days ago by 1nvestor
about 498 days ago by SharePlanner
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| GMT | 38.98 | +0.31 | +0.80% | 1.811B |
| GMO | 2.61 | +0.10 | +3.98% | 228.86M |
| GMMB | 54.48 | +0.00 | +0.00% | |
| GMM | 58.50 | +1.23 | +2.15% | |
| GMK | 9.13 | +0.33 | +3.75% | 1.240B |
| GLRE | 24.71 | +0.13 | +0.53% | 744.28M |
| GLQ | 11.98 | +0.19 | +1.61% | |
| GLPW | 17.99 | +0.86 | +5.02% | 281.45M |
| GLP | 22.12 | -0.05 | -0.23% | 608.12M |
| GLNG | 35.20 | +0.77 | +2.24% | 2.748B |
