Genesee & Wyoming (GWR)
Genesee & Wyoming Tangible Common Equity Ratio: 31.27%
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GWR Tangible Common Equity Ratio Rankings
| Overall | 55th percentile | 1956 of 4385 |
| Sector | 52nd percentile | 402 of 853 in Services |
| Industry | 60th percentile | 6 of 15 in Railroads |
GWR Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 8.66% | Dec 2008 |
| Maximum | 38.96% | Jun 2007 |
| Average | 25.17% |
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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GWR News
about 21 days ago by StockTiger
about 22 days ago by StockTiger
about 22 days ago by StockTiger
May 07, 7:23AM Street Insider
May 01, 11:09AM Street Insider
about 28 days ago by earningscast
about 28 days ago by TradeBot
Apr 24, 4:45PM Business Wire
Apr 13, 6:41AM Benzinga
Apr 13, 6:30AM Business Wire
Apr 12, 4:45PM Business Wire
about 49 days ago by MarketBrief
about 57 days ago by redman59
about 64 days ago by Tropean
Mar 01, 4:45PM Business Wire
about 97 days ago by MarketBrief
about 105 days ago by earningscast
about 111 days ago by Street_Insider
about 111 days ago by earningscast
about 127 days ago by ABtrader
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| GWR | 51.44 | -0.22 | -0.43% | 2.194B |
| GRMN | 43.88 | +0.69 | +1.60% | 8.406B |
| GRID | 25.28 | +0.05 | +0.20% | |
| GRI | 35.01 | +0.28 | +0.81% | |
| GRH | 1.92 | -0.05 | -2.54% | 51.00M |
| GRA | 54.06 | +1.50 | +2.85% | 3.886B |
| GR | 125.75 | +0.02 | +0.02% | 15.82B |
| GPC | 63.27 | +1.36 | +2.20% | 9.644B |
| GOV | 21.87 | +0.05 | +0.23% | 1.027B |
| GORO | 26.22 | +0.07 | +0.27% | 1.383B |